Neinor, a listed residential Spanish developer, reaches an agreement with Merak, a holding company controlled by funds managed by Bain Capital, to acquire a 10% stake in Habitat and enters into an agreement where Neinor will provide development and management services to Habitat's ongoing developments and land bank.

Habitat is one of the largest homebuilders with a substantial land bank. Neinor Homes aims to strengthen its position in the Spanish residential housing market, managing a land bank of around 25,000 units with an estimated value of over EUR 2.5 billion (US$ 2.8 billion). In its 2023-2027 Strategic Plan, Neinor focuses on optimizing its balance sheet while pursuing equity-efficient growth. Since March 2023, the company has signed five partnership deals with AXAIM, Orion Capital, Urbanitae, Octopus Real Estate, and Avenue Capital, raising over EUR 500 million (US$ 557 million).