Over 50 years of history

Grupo Lar was founded in 1969 with the aim of becoming a benchmark in the real estate sector. It was founded by the Pereda family and several aspects have marked the company’s history throughout these 50 years:

  • Diversification in the business model
  • National and international expansion
  • Growth through Joint Ventures
  • Urbalar is founded by Felipe Pereda Torca together with other partners and starts its activity in the residential sector in Madrid, focusing on the development of new homes, refurbishments and rent controlled homes.

    1969

  • Inversiones Inmobiliarias Lar S.A. is set up as a company owned exclusively by the Pereda family. The group's shareholding is 100% family owned.

    1985

  • The first Joint Ventures begin with sophisticated financial operations to provide resources for real estate developments. It is the first Spanish real estate company to enter into this type of agreement. The initial agreement is reached with Axa.

    1988

  • Grupo Lar begins residential developments in other areas of Spain. Branches are opened in Valladolid, Valencia, Albacete and Barcelona.

    1990

  • Joint Venture with Caixa Catalunya.

    1991

  • Joint Venture with Sabadell and Caja Ávila.

    1997

  • Grupo Lar and Whitehall (Goldman Sachs) establish an alliance (1998 - 2002) to invest in shopping centres and offices.

    1998

  • Together with Eroski, the company creates Gentalia, a shopping centre management company, now 100% owned by Grupo Lar.

    1999

  • The Altamira Lar Foundation is set up.

    2000

  • Grupo Lar signs a Joint Venture with Grosvenor (2000 - 2008) to develop, invest in and manage industrial estates, office buildings and shopping centres.

    2000

  • Strong growth in the office development sector with Serrano 55, Serrano 49, Crisalis and Med building amongst others.

    2001

  • The company begins operating in the logistics sector with the development of business parks in Madrid and Valencia.

    2003

  • Joint Venture with Ballesol to manage 14 healthcare sector assets

    2003

  • Grupo Lar makes the leap into Latin America with the opening of its subsidiary in Mexico.

    2004

  • Morgan Stanley Real Estate acquires 16.79% of Grupo Lar through a capital increase operation valued at 124 million euros, to undertake international expansion and triple its size in 5 years.

    2005

  • Activity begins in Poland, Romania, Hungary and France.

    2006

  • Activity begins in Brazil, with the first launch in 2012. Grupo Lar focused its operations in two revenue segments within the residential sector.

    2010

  • Activity begins in Peru, with the development of multi-family homes, projects that are long in length and time.

    2013

  • Grupo Lar and the Fortress Fund purchase a portfolio of 2,500 properties valued at 146 million euros from the Sareb.

    2014

  • Creation of Lar España Real Estate SOCIMI, S.A, listed on the continuous market of the Madrid Stock Exchange from 5th March, becoming the first Spanish SOCIMI to go public. Lar España is managed exclusively by Grupo Lar and is focused on investing in real estate assets throughout Spain, mainly in the retail sector.

    2014

  • Grupo Lar together with GreenOak and Baupost (English and American financial groups) purchase a portfolio of 8 shopping centres from the Dutch real estate group Vastned.

    2014

  • Activity begins in Colombia, with a project consisting of 9 towers and a shopping mall providing basic services to the community.

    2014

  • Lar España sells its logistics portfolio to the American fund Blackstone for 120 million euros.

    2018

  • Grupo Lar acquires 100% ownership of Gentalia.

    2018

  • To redesign its strategy and focus its logistics activity on land acquisition and development, Grupo Lar creates a joint venture with Centerbridge to develop logistics warehouses and create a portfolio of modern, efficient and sustainable assets.

    2019

  • Grupo Lar's entry into the "Build to Rent" sector involves an agreement with the French asset management firm Primonial to create a platform to develop and manage 5,000 homes in Spain's main cities, with an investment of 400 million euros.

    2020