Aedas Homes, S.A.

Aedas Homes, S.A. is a leading Spanish residential real estate developer, founded in 2016, specializing in new-build properties such as apartments, houses, villas, duplexes, and ground-floor flats with gardens. The company focuses on high-quality, sustainable homes in prime locations across Spain, including Madrid, Alicante, Barcelona, Malaga, Mallorca, Seville, and other key regions, targeting medium- to high-end market segments with average unit prices around €350,000-€400,000. Aedas Homes boasts a substantial landbank with a gross asset value of €1.9 billion and gross development value of €5.0 billion as of March 31, 2024, supporting approximately 14,200 units over the next four to five years, much of which is permit-ready to minimize execution risks. In fiscal 2023-2024, it delivered 2,839 units, generating over €1 billion in revenue, with a strong order book valued at €1.24 billion and high presales providing revenue visibility. Committed to sustainability, Aedas Homes aligns with UN Sustainable Development Goals, aiming for 100% sustainable development by reducing CO2 emissions in construction and operations, while emphasizing excellence, innovation, integrity, passion, and resilience in serving customers and stakeholders. Operating in the cyclical real estate development industry, it plays a significant role in addressing Spain's housing undersupply through build-to-sell and build-to-rent projects.