Lar España commemorated the tenth anniversary of its launch on the Continuous Market with an event in Madrid that was attended by more than 400 participants, including association executives, real estate professionals, brand representatives, NGOs, media, analysts, investors and members of the company and its management company, Grupo Lar. The meeting celebrated Lar España's track record, highlighting its position as a socimi specialising in retail on the Continuous Market since its initial listing on 5 March 2014.
At the event, held in the Platea room, José Luis del Valle, Chairman of Lar España, outlined the company's future priorities, focusing on the growth of operating results and active asset rotation, with a special interest in new acquisitions and the importance of the location of the assets for the success and sustainability of the company.
Del Valle reviewed the achievements of the last decade, highlighting the socimi's long-term strategy and the returns provided to shareholders. The intention to distribute 66.2 million euros in dividends, both ordinary and extraordinary, for the current year was announced, representing a yield of 12.9%, following a 45.6% increase in the socimi's share price in the previous year. In total, Lar España has distributed 391.2 million euros in dividends during its ten years of operations.
Miguel Pereda, Vice Chairman of Lar España and Chairman of Grupo Lar, spoke about the socimi's successful strategy, highlighting its adaptation to consumer needs, focus on the shopping experience and constant innovation.
In addition, in honour of the tenth anniversary, the Lar España 10 Awards, which will be presented annually, were established. On this occasion, the awards were dedicated to solidarity initiatives, with the winners being Caritas Spain and the Norte Joven Association, both of which will benefit from free recruitment campaigns in Lar España's twelve centres, on its website and on social networks for the rest of the year.
