Neinor Homes Partners with Octopus for Senior Housing

Neinor Homes (ES:HOME) has released an update.

Neinor Homes, S.A. has announced a partnership with Octopus Real Estate to create a joint venture focused on developing housing projects for the independent senior living sector in Spain, with an initial investment of 200 million euros. Neinor will hold a 20% stake in both the joint venture and the management company responsible for the assets post-construction, while also managing project design, licensing, marketing, and construction.

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