Habitat, the developer owned by US fund Bain Capital, acquired ten plots at the end of 2021 to develop 600 residential units with more than 67,000 sqm. The company is already studying new land acquisitions for the coming months, whilst leading 40 developments to build 12,000 homes, and marketing more than 4,000 homes nationwide.
The plots are located throughout Spain with projects in Andalusia, the Canary Islands, Catalonia, Valencia and Madrid, and expect an investment volume of c. €150 million. In particular their latest acquisitions are located in Entrenúcleos (Dos Hermanas, Seville), Las Palmas de Gran Canaria, Valencia, Bétera (Valencia), Tres Cantos (Madrid), Sabadell and Alicante.
«We continue to respond to the demand for housing in our country, focusing on acquisitions in strategic areas and reaching new municipalities where we know there is an unmet need for new construction,» says José Carlos Saz, CEO of Habitat Inmobiliaria.
Bain Capital, the parent company of Habitat (acquired in 2017), completed the 2020 financial year with the same level of revenue as in 2019, with a turnover of €100 million. Furthermore, the company increased sales by 30%.
In operational terms, Habitat completed 1,040 new pre-sales in 2020, bringing the cumulative number of transactions to 1,600, an increase of 30% over the previous year. The developer will deliver these units between 2021 and 2023, equivalent to 430 million euros.