Neinor Homes steps into flex living with Banco Santander and will co-invest €60mn in a project located in Madrid
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Neinor Homes and Banco Santander have formed a joint venture to develop 160 'flex living' apartments in Madrid, with a total investment of over €60 million. Neinor will hold a 10% stake by contributing the land, while Santander will hold 90%.
February 10, 2025 | 6:00 pm
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Banco Santander's alternative investment arm is partnering with Neinor Homes to develop a €60mn 'flex living' project in Madrid, holding a 90% stake in the joint venture.
Banco Santander's significant 90% stake in the joint venture for a major real estate project in Madrid suggests a positive impact on its investment portfolio and potential future earnings.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80