AEDAS Homes, Spain’s leading homebuilder, has acquired Habitat Inmobiliaria's land bank in a transaction valued at €132 million. Habitat has been owned by Bain Capital since 2017.
The transaction includes a portfolio of 46 plots with a development capacity of 2,786 homes and cements AEDAS Homes’ position as a key player in the Spanish residential market.
The vast majority of the acquired land (88%) is located in the Madrid Region, Spain's most dynamic real estate market, primarily in the new development areas located in southeast Madrid, where AEDAS Homes is further reinforcing its presence and its commitment to developing housing.
24,000 units: the Spanish development sector’s most robust land bank
This transaction marks a new milestone in the consolidation of the Spanish residential market, a process that AEDAS Homes kicked off when it acquired Áurea Homes in 2021 and Inmobiliaria Espacio earlier this year. With this new integration, the development capacity of the land bank that AEDAS Homes manages will grow by 13%, to nearly 24,000 units, making it the most robust land portfolio in the sector.
“This acquisition reflects our ability to identify and capitalise on growth opportunities, while demonstrating our commitment to scaling our residential production capacity. We will continue to explore additional land bank investment opportunities, leveraging both our own capital and that of financial partners”, explained David Martínez, CEO of AEDAS Homes.
With this corporate transaction, AEDAS Homes once again reaffirms its commitment to the sustainable development of the Spanish residential market, while strengthening its industrial capacity and growth strategy to meet the demands of an ever-evolving market.
