Post by account_disabled on Mar 11, 2024 10:05:54 GMT
Neinor Homes and its main shareholder, the Orion European Real Estate fund , with 27% of the capital, have created a joint venture with the aim of developing new residential real estate developments in Spain for 50 million euros. The new company is 90% owned by Orion and 10% owned by Neinor Homes , with the developer also acting as the managing partner of the delivery, so that it will supervise the design of the projects, the granting of licenses, their marketing and His construction. As Neinor Homes has informed the National Securities Market Commission (CNMV) , the 'joint ventire' plans to acquire assets in the coming days, as well as explore investment and promotion opportunities in the Spanish real estate market in the coming months. As part of the agreement, Neinor and Orion have already agreed to acquire two lands for 20 million euros to build more than 150 new homes.
The developer frames this agreement in its new strategic plan, which plans to deliver more than 2,000 homes per year, while at the same time seeking to obtain annual income of between 600 and 700 million Phone Number Data euros, achieve a gross operating result (Ebitda) of about 100 million annually and a net profit of between 65 and 90 million euros, all until 2027. Likewise, it plans to invest about 1,000 million euros in new land acquisitions until that same year, of which half will come from new capitalist partners. . "We are very proud that Orion, Neinor's largest shareholder, has also decided to become a co-investor through its Fund V, which demonstrates the solidity and trust of the platform we have built, as well as our commitment to offering profitability exceptional to both co-investors and shareholders," said the CEO of the promoter, Borja García-Egotxeaga. For his part, the founding partner of Orion, Aref Lahham , stated that this investment "is a vote of confidence in Neinor's ability to continue providing exceptional value to its shareholders", as well as a show of confidence in the residential market. and in the future prospects of the sector.
While the owner with full ownership has all rights over the property, including the right to rent it, the owner with bare ownership only has the right to dispose of the property, but not to use or enjoy it, so he cannot rent it. Instead, this power rests with the usufructuary. How are bare ownership, usufruct and full ownership different? Bare ownership, usufruct and full ownership are three related but different rights: Bare ownership is the right that corresponds to a person over a thing of which he has ownership, but of which he cannot make use. That is, the bare owner cannot use the property that is his property because the possession and enjoyment of it corresponds to another person who has usufruct over it. Usufruct is the right of a person to use and enjoy an asset, usually a property, without being its owner. It is a real right included in article 467 of the Civil Code , which establishes that usufruct gives the right to enjoy the property of others with the obligation to preserve its form and substance, unless otherwise authorized in its title of constitution or in the law.
The developer frames this agreement in its new strategic plan, which plans to deliver more than 2,000 homes per year, while at the same time seeking to obtain annual income of between 600 and 700 million Phone Number Data euros, achieve a gross operating result (Ebitda) of about 100 million annually and a net profit of between 65 and 90 million euros, all until 2027. Likewise, it plans to invest about 1,000 million euros in new land acquisitions until that same year, of which half will come from new capitalist partners. . "We are very proud that Orion, Neinor's largest shareholder, has also decided to become a co-investor through its Fund V, which demonstrates the solidity and trust of the platform we have built, as well as our commitment to offering profitability exceptional to both co-investors and shareholders," said the CEO of the promoter, Borja García-Egotxeaga. For his part, the founding partner of Orion, Aref Lahham , stated that this investment "is a vote of confidence in Neinor's ability to continue providing exceptional value to its shareholders", as well as a show of confidence in the residential market. and in the future prospects of the sector.
While the owner with full ownership has all rights over the property, including the right to rent it, the owner with bare ownership only has the right to dispose of the property, but not to use or enjoy it, so he cannot rent it. Instead, this power rests with the usufructuary. How are bare ownership, usufruct and full ownership different? Bare ownership, usufruct and full ownership are three related but different rights: Bare ownership is the right that corresponds to a person over a thing of which he has ownership, but of which he cannot make use. That is, the bare owner cannot use the property that is his property because the possession and enjoyment of it corresponds to another person who has usufruct over it. Usufruct is the right of a person to use and enjoy an asset, usually a property, without being its owner. It is a real right included in article 467 of the Civil Code , which establishes that usufruct gives the right to enjoy the property of others with the obligation to preserve its form and substance, unless otherwise authorized in its title of constitution or in the law.