Shopping Centres

Grupo Lar has over 15 years of experience in the investment, development and management of shopping centres. During this time Grupo Lar has developed an in-house model of management and promotion of shopping centres. Grupo Lar has co-invested with well-known international investors such as Goldman Sachs, Grosvenor, Morgan Stanley, Sonae Sierra, Ivanhoe Cambridge, Henderson Global Investors and Grupo Eroski.

Grupo Lar is present in different areas of the business of shopping centers:

Promotion
Grupo Lar has been involved in the promotion of seven shopping centres in Spain, with a total of 349,000 sqm of gross leasable area (GLA) and an investment of 740MM€. Three of these centres (150.000 m2) were sold during the promotion process. Grupo Lar is currently involved in the expansion of 17,000 sqm of GLA of a shopping centre.

Investing
Grupo Lar has invested in more than 26 centres in recent years, with an investment of 1,470 MM€ and a volume of 819,000 sqm of GLA. It has also been involved in the disinvestment of 8 shopping centres in an operation involving 262,000 sqm of GLA and more than 460 MM€.

Asset Management
Currently, Grupo Lar manages 11 shopping centres in Spain with a total of 210,000 sqm of GLA. The total value of the portfolio is 560 MM€.

Property Managment
Grupo Lar has a 50% participation in Gentalia, the leading company in Spain in shopping centre management, covering the areas of marketing, management and property management. Gentalia’s portfolio includes 42 shopping centres with a total of 1,392,900 sqm GLA and 125MM € in revenues.

Shopping Centres

Promotion

Investing

Asset Management

Property Managment