UPDATE 1-Spain’s Neinor Homes plans to list its shares

Spanish house builder Neinor Homes said on Monday it intended to list up to 60 percent of its share capital on the Spanish stock exchange in the country’s first market flotation of a residential developer in a decade. Neinor, which is based in Bilbao in northern Spain and is backed by U.S. private equity firm Lone Star, buys land for developments in areas with high demand for housing including Madrid, Barcelona and the Basque Country.