Neinor seals new €110mn JV, brings cash forward and improves guidance to 2028

Madrid, 5 October 2026 – Neinor Homes ("Neinor" or the “Company”), Spain's leading residential developer, announces the acceleration of its asset rotation plan, with €260mn signed year-to-date at a 17% premium to GAV and a 42% gross margin. Despite a complex geopolitical and macroeconomic environment, this faster-than-expected execution significantly improves the Company's cash flow generation profile and de-risks its business plan, with strong visibility not only in 2026 but also over 2027–28. It also allows Neinor to accelerate its 2027 shareholder remuneration while reducing net debt and, as a result, to upgrade the guidance unveiled at its AGM in April 2026.