Cohen & Steers enters the capital of Neinor Homes with a stake of more than 3%

Cohen & Steers enters the capital of Neinor Homes with a stake of more than 3%

The New York-based investment fund Cohen & Steers has taken a stake of more than 3% in Neinor Homes, coinciding with the takeover of Quabit by the developer, thus reinforcing its growth plan.

According to the records of the Comisión Nacional de los Mercados de Valores (CNMV), Cohen & Steers has surfaced this participation in the last week through the acquisition, indirectly, of 2,4 million shares of the developer. These shares are now valued at 26.5 million euros, making Cohen & Steers the company's fourth largest shareholder.

The Luxembourg fund Orion European Real Estate continues to hold the largest stake, with 28% of the capital, followed by Adar Capital Partners, with 19.3%, and Bank of Montreal, with another 5.2%.

Market sources explain that Neinor's now fourth largest shareholder has a profile as an investor specialized in the real estate sector, having previously held open positions in other Spanish companies such as the Merlin and Colonial socimis.

This is a long-term investment that responds to the forecasts of Neinor Homes, with a new growth plan derived from the absorption of Quabit, as well as its commitment to the rental business with Neinor Rental.

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