Published by Global Banking & Finance Review®
Posted on March 11, 2025
1 min readLast updated: January 24, 2026
Starwood Capital is close to acquiring a 79% stake in Aedas Homes from Castlelake, requiring a full stock offer due to Spanish regulations. Aedas is valued at 1.25 billion euros.
MADRID (Reuters) - U.S.-based fund Starwood Capital is close to reach an agreement to buy a 79% stake in Spanish residential real estate developer Aedas Homes, newspaper Cinco Dias reported on Tuesday, citing unidentified sources.
Rival U.S. fund Castlelake currently controls 79% in Aedas and is eager to exit the company, the newspaper reported last year.
Given Spanish market rules, a potential buyer for the stake would have to make an offer for all of the company's stock.
At Monday's closing price, Aedas was worth 1.25 billion euros ($1.36 billion), according to LSEG data.
A spokesperson for Aedas declined to comment, while Castlelake and Starwood did not respond to requests for comment.
($1 = 0.9181 euros)
(Reporting by Inti Landauro, Editing by Louise Heavens)
Starwood Capital is close to reaching an agreement to buy a 79% stake in Aedas Homes.
Rival U.S. fund Castlelake currently controls the 79% stake in Aedas Homes and is eager to exit the company.
Due to Spanish market rules, a potential buyer for the stake would have to make an offer for all of the company's stock.
At Monday's closing price, Aedas was valued at 1.25 billion euros, which is approximately $1.36 billion.
A spokesperson for Aedas declined to comment, and both Castlelake and Starwood did not respond to requests for comment.
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