AEDAS Homes, S.A. is one of Spain's largest residential real estate developers, focusing exclusively on new-build properties. The company operates a decentralized model with regional branches across key Spanish markets such as Madrid, Barcelona, Alicante, Valencia, Malaga, and the Balearic Islands. AEDAS Homes primarily generates revenue through its Build to Sell (BTS) division, which delivers homes to individual buyers, and its Build to Rent (BTR) division, which develops turnkey residential projects for institutional investors. In its 2024/2025 fiscal year, the company generated over €1.1 billion in revenue, delivering over 5,200 homes. The company's business model focuses on the development lifecycle: it acquires fully-permitted land, designs the projects, and manages the development process while outsourcing the physical construction to third-party contractors. In early 2026, Neinor Homes completed a takeover of AEDAS Homes, acquiring a 96.83% stake and consolidating the two companies into Spain's largest residential developer.
