Core Insights - Neinor successfully raised €140 million through an accelerated bookbuild offering (ABB) by issuing 8,900,190 new shares at €15.73 per share [1] - Orion, Neinor's largest shareholder, subscribed €100 million, demonstrating long-term commitment and confidence in the company's growth strategy [1] - An additional €40 million was subscribed by existing shareholders, following a previous successful ABB of €229 million in June [1] Company Strategy and Market Position - Spain is highlighted as one of the safest residential markets globally, characterized by structural undersupply, underleveraging, and long-term growth opportunities in a fragmented market [1] - Over the past 2.5 years, Neinor and its strategic partners have closed land acquisitions exceeding €2.7 billion to develop approximately 31,000 housing units targeting opportunistic returns [1] - The acquisition of AEDAS is fully funded, and Neinor plans to use net proceeds to pursue growth opportunities in Build-to-Sell and Alternative Living segments [1] Leadership Commentary - Borja García-Egotxeaga, CEO of Neinor Homes, expressed satisfaction with the transaction outcome and the continued support from Orion and institutional investors, emphasizing the potential for expansion in attractive market segments [1] - Jordi Argemí, Deputy CEO and CFO, noted that the capital raise strengthens Neinor's balance sheet and enhances the capacity to execute on the current pipeline, highlighting strong confidence in the company's strategy and value creation potential [1]