Neinor Homes and Stoneshield Capital Launch €150mn Partnership to Develop Premium Residential Project in Marbella

Core Insights - Neinor Homes has entered a joint venture with Stoneshield Capital to develop a premium residential project in Marbella, marking its entry into the high-end residential segment and expanding its Asset Management platform [1][3] Group 1: Project Details - The development will consist of 262 homes across more than 60,000 sqm, located near Río Real Golf Course and close to Marbella city center, Puerto Banús, and the beach [2] - The project will include a 1,200 sqm Private Members Club featuring wellness areas, pools, sports facilities, and landscaped spaces [2] - Expected revenues from the project are projected to exceed €600 million over the next five years, making it one of the largest residential developments in Marbella in recent years [2] Group 2: Joint Venture Structure - Under the joint venture, Stoneshield will hold a 70% stake while Neinor will hold 30%, with Neinor acting as the delegated developer throughout the development lifecycle [3] - The investment reflects strong fundamentals in Marbella, driven by robust international demand and limited land supply [3] Group 3: Strategic Commentary - Borja García-Egotxeaga, CEO of Neinor Homes, emphasized the strength of the partnership, combining development expertise with institutional capital to deliver high-quality projects [4] - Juan Pepa, Founding Partner of Stoneshield Capital, highlighted Spain's attractiveness as a residential investment market, with Marbella being a standout location [4]