AEDAS Homes, a leading Spanish homebuilder, has maintained a high volume of investment in new land in its last three fiscal years. Since FY 2021, the company’s accumulated investment in new plots has totalled €714 million. This new land, with a potential development capacity of 8,410 units in Spain’s most attractive, dynamic residential markets, contributes to the homebuilder’s elevated visibility through FY 2028.
Over these past three years, AEDAS Homes has stuck to its disciplined strategy, selectively investing in locations with proven demand, with a special focus on the Madrid and East regions. In fact, it closed out FY 2023 (on 31 March 2024) having invested €222 million, up 12% over the €199 million invested in the previous year.
Thanks to these investments over the last three years, the Spanish homebuilder’s liquid, diversified landbank has a current capacity to develop 14,200+ homes, with which it has the potential to generate over one billion euro annually in sales and cover an estimated 4.7 years of its business targets.
Significant investment capacity
Looking down the road, AEDAS Homes expects to maintain this pace for direct investment, allocating at least €150 million annually to the acquisition of new assets as it aims to, as David Martínez, CEO of AEDAS Homes, explained, “consolidate the company as a leader of the sector in both volume and quality of the landbank.” Mr. Martínez then pointed out that the company would “continue studying market opportunities across Spain to underpin the sustained, efficient growth of the business”.
Along the same lines, the homebuilder’s CEO highlighted the importance of additional investment avenues—such as co-investment—through which the company is already actively developing residential projects with institutional investors and family offices. “We have significant annual capacity to co-invest with other partners to continue producing housing, and we intend to keep closing these types of agreements and deploying third-party capital”, he concluded.
