Overview
- Neinor Homes formed a joint venture with Stoneshield Capital in a Wednesday announcement to invest €150 million in a luxury residential project in Marbella.
- Stoneshield will hold 70% and Neinor 30% of the venture, with Neinor acting as delegated developer overseeing the full development cycle.
- Plans call for 262 homes on more than 60,000 square meters near the Río Real golf course with a 1,200 square meter private club offering wellness areas, pools and sports facilities.
- The partners said strong international buyer demand in Marbella and scarce buildable land support the investment case.
- Neinor said the venture strengthens its asset management platform, which has deployed more than €1.3 billion with institutional investors including AXA IM Alts, Orion Capital, King Street and Bain Capital.