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Neinor launches €1,070mn Tender Offer for AEDAS, redefining the residential real estate landscape

Castlelake, owner of a 79% stake in AEDAS, has signed an irrevocable agreement to sell its stake to Neinor for €24.485/sh (€21.335/sh post div.) Acquisition of a premium portfolio with c.€2bn GAV (c.20,200#) at a c.30% NAV discount Conservative underwriting targeting a +20% IRR and 1.8x MOIC, implying significant de-risking and acceleration of Neinor’s Strategic Plan 2023-27: Highly accretive transaction, driving €150mn Earnings uplift over 2025-27 (+40% vs Strategic Plan target and c.+25% on EP

articleNeinor Homes SaJune 16, 20259/company/neinor-homes-slu/news/neinor-launches-euro1070mn-tender-offer-for-aedas-redefining-the-residential-real-estate-landscape
Neinor launches €1,070mn Tender Offer for AEDAS, redefining the residential real estate landscape

About this update from Neinor Homes Sa

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AEDAStransactionNeinor Homesresidential marketscommitted capitalNeinor