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Lar España invests €260M in Lagoh shopping centre in Seville
21 March 2019 | Vanessa Sousa

Lar España’s bet on the retail sector keeps growing. The REIT already has 14 shopping centres throughout the whole of Spain, but decided to create a new one, Lagoh, which will be the largest one in Seville. This project alone, has already cost the Spanish REIT more than 260 million euro.

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The space is wide, with more than 123.500 sqm. Its visitors will have 200 commercial and leisure locations at their disposal, spread-out through 100.000 sqm. The accessibility to the commercial complex is guaranteed, with a direct investment of €7.2 million.

Lagoh’s future seems promising. According to Eje Prime, Lar España expects to receive around 14 million visitors per year. And it also expects to reach 140 million euro per year in sales.