Cohen & Steers becomes Neinor's third largest shareholder with a 5% stake

Cohen & Steers becomes Neinor's third largest shareholder with a 5% stake

Cohen & Steers strengthens its presence at Neinor Homes. The investment company has reported a 5.185% stake in the promoter's capital. This percentage places the US group as the third largest shareholder in Neinor Homes, behind Orion (28%) and Adar Capital (19.34%).

The investment fund based in New York already took a stake of more than 3% in the capital of Neinor Homes last June, coinciding with the absorption that the developer carried out on Quabit, thus reinforcing its growth plan.

The developer closed the first half of the year with an adjusted net profit of 49.6 million euros, which is 532% more than that obtained in the same period last year. Likewise, the company registered an EBITDA of 70 million (an annual 342% more) during the first six months of 2021.

Its income stood at 327 million euros, of which 310 come from the development business, almost 13.8 million correspond to the servicing and Guaranteed Income activity, one million to the Rental platform and 1.4 million to legacy and others .

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