AEDAS Homes, Spain’s benchmark residential developer, reports land investments of more than €220 million during its 2023/24 fiscal year, which ended on 31 March. These transactions have a total development capacity of over 2,500 units and are located in the most attractive and dynamic residential markets across Spain.
This year’s investment tops the amount invested in 2022/23, when the company allocated close to €200 million for land with a development capacity of 1,924 units, and thus consolidates the company’s visibility on its business goals through 2028/29. With these new investments, the company expects to generate revenues upwards of €900 million.
“AEDAS Homes' strict investment policy allows the company to remain a leader in the residential industry in both the volume and quality of our landbank”, remarked David Martínez, CEO of AEDAS Homes.
Strategic Locations
Between April 2023 and March 2024, AEDAS Homes continued its strategic land investment approach, focusing on selective transactions in the country's main residential markets, with special emphasis on the Madrid region, where it invested a total of €108 million to develop 1,000 units.
Additionally, the company made noteworthy investments in Benicasim (Castellón), El Médano (Tenerife), Quart de Poblet (Valencia), Paterna (Valencia), Villajoyosa (Alicante), and Sanxenxo (Pontevedra). The company bought the last beachfront plot available in Sanxenxo, where it will develop a 150-unit multi-family project. Marketing is expected to kick off this summer, and this project is already considered the best residential development currently ongoing in Galicia.
Regarding the company’s investments in the Madrid metro area, which account for 38% of the units to be developed on the land purchased last year, Mr. Martinez pointed out that AEDAS Homes is one of the key drivers of new-build residential activity in the region, where the developer has more than 2,500 units in progress.
“AEDAS Homes has continued to invest in the most interesting residential markets in Spain, and in Madrid, specifically, we have acquired strategic assets, especially in the new development areas in the southeast: Los Berrocales, Valdecarros, Los Ahijone, and Los Cerros. These are major present and future markets in the Spanish capital,” Mr. Martinez concluded, adding that the company will continue to explore market opportunities across Spain.
.jpg "David Martínez, CEO de AEDAS Homes (1)")
