Retail represents 85% of Lar España's revenues

Retail represents 85% of Lar España's revenues

 

These results reflect the manager's commitment in the commercial sector, which, in 2017, allowed it to achieve profits of €135.6 million, almost 50% more than the previous year.

In that sense, it invested €11.4 million in improvements in its shopping centers, in a total of 128 operations, between renewals, replacements, relocations or in the hiring of new tenants, 36% more than in 2016, notes the EjePrime.

In the coming years, Lar España expects to invest up to €220 million in the purchase of shopping centers and retail parks, at the same time that it should divest assets such as offices, logistics or residential.

Iberian Property logo Iberinmo logo
Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!