March 31 (Reuters) - Neinor Homes SA HOME.MC:
ANNOUNCEMENT OF JOINT-VENTURE AGREEMENT WITH STONESHIELD CAPITAL
TO DEVELOP, THROUGH JV A REAL ESTATE DEVELOPMENT IN MARBELLA (SPAIN)
STONESHIELD AND NEINOR WILL HOLD 70% AND 30% OF JV, RESPECTIVELY
CONSTRUCTION OF A TOTAL OF 262 RESIDENTIAL UNITS IS PLANNED, IN ADDITION TO OTHER FACILITIES
NEINOR WILL ALSO ACT AS DELIVERY PARTNER MANAGER, SUPERVISING PROJECT DESIGN, LICENSING AND CONSTRUCTION
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