KUALA LUMPUR, April 1 (Bernama) -- Neinor Homes (Neinor), Spain’s listed residential developer, has partnered with Stoneshield Capital (Stoneshield) to develop a 150 million euro premium residential project in Marbella, marking its entry into the high-end residential segment. (1 Euro = RM4.65)
“This partnership demonstrates the strength of our platform, combining development expertise with institutional capital to deliver high-quality projects,” said Neinor Chief Executive Officer, Borja García-Egotxeaga in a statement.
The development will comprise 262 homes across more than 60,000 square metres, adjacent to Río Real Golf Course and close to Marbella city centre, Puerto Banús and the beach.
It will include a 1,200 square metre private members’ club featuring wellness areas, pools, sports facilities and landscaped spaces.
The project is one of the largest residential developments launched in Marbella in recent years, with expected revenues exceeding 600 million euros over the next five years.
Under the joint venture structure, Stoneshield will hold a 70 per cent stake and Neinor 30 per cent, with Neinor acting as delegated developer across the full development lifecycle.
The investment reflects strong fundamentals in Marbella, supported by robust international demand and limited land supply.
The transaction reinforces Neinor’s asset management platform, which has deployed over 1.3 billion euros alongside institutional investors including AXA IM Alts, Orion Capital, King Street and Bain Capital.
-- BERNAMA
