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LAR ESPANA

SOCIMI

Last update October 16, 2018 | Report an error

Sergio Criado Cirujeda

Chief Finance Officer (CFO)

Jose Luis Del Valle Doblado

Chairman of the Board and Independent Director

Jose Manuel Llovet

Managing Director Retail, Logistics and Offices

Miguel Pereda

Chief Executive Officer (CEO)

Listed

South African Vukile said eyeing bid for Spain's Lar Espana REIT

South African fund Vukile Property is said to be preparing a takeover bid for Spanish listed shopping centre REIT/SOCIMI Lar Espana, probably via its Castellana affiliate in Spain. Vukile, present in the Spanish market (...)

Listed

Spain's Lar to invest €200m in retail after divesting office, logistics

Spanish REIT/SOCIMI Lar España aims to invest around €200m in retail property over the next three years after divesting its offices and logistics assets for €425m. The REIT, which is (...)

Listed

Dividends, rents to keep Spanish SOCIMIs attractive despite share discounts - conference

Even if Spanish REIT/SOCIMIs are trading below NAV and yield compression has ended, dividend payouts coupled with rising rents continue to make them attractive, say executives (...)

Office

Spain's Lar sells Madrid office for €37m, doubling value in 4yrs

Spanish REIT/SOCIMI Lar Espana has sold an office building in Madrid to global fund manager Invesco for €37m, nearly doubling the asset's value in 4-1/2 years.  The (...)

Retail

Blackstone said in €290m Spanish mall purchase from Neinver

US wealth management giant Blackstone is reported to be finalising acquisition of 37 logistics centres in Spain for €290m owned by outlet firm Neinver and Colony Capital. The Expansión newspaper said (...)

Listed

Spanish REIT Lar to raise 2019 dividend by 67% plus special payout

Spanish REIT/SOCIMI Lar España is moving forward with its plan to focus on retail and is to raise its dividend by 67%. It will pay out (...)

Listed

Spanish REIT Lar reports 12% rise in 1H recurring earnings to €29.5m

Spanish REIT Lar Espana reported a 12%yy first half rise in recurring earnings to €29.5m, and said its portfolio surged 34% to €1.58bn in value. It has already (...)

Logistics

Spain's Lar sells logistics portfolio to Blackstone for €120m, 83% profit

Spanish REIT/SOCIMI Lar Espana has finalised sale of a logistics portfolio to US investment giant Blackstone. Reported by local media in negotiation for over €90m, the final price was (...)

Logistics

Blackstone said in final stage of buying €90m logistics assets from Spain's Lar

US investment management giant Blackstone, in the middle of a takeover bid for Spain's Hispania, is finalising acquisition of a Spanish logistics portfolio owned by another REIT/SOCIMI, Lar España, (...)

Finance

Spanish SOCIMI success story set to go further - EPRA/Iberian Property conf.

Spain's REIT/SOCIMIs have succeeded in the government's aims of reviving the nation's previously depressed real estate, boosting the economy and creating jobs, the EPRA/Iberian Property conference (...)

Listed

Portugal moving toward REIT start this year – EPRA/Iberian Property panel

Shifting economics and politics in Portugal mean the government is increasingly likely to introduce REIT legislation this year, an EPRA/Iberian Property conference heard. The move would (...)

Finance

Father of Spain's REIT regime to speak at EPRA/Iberian Property event

Miguel Ferre, one of the fathers of Spain's REIT regime, is to take part, alongside four of his most successful 'progeny', Merlin Properties, Hispania, Colonial and Lar España, at the Iberian REIT Conference (...)

Finance

Lar Espana retail REIT boosts 2017 net by 48%, proposes div at 5% yld

Madrid retail-focused REIT/SOCIMI Lar Espana Real Estate boosted 2017 net profit by 48% to €135.6m, with rental income driving the surge, up 29%yy. It will propose a dividend (...)

Retail

Spanish REIT Lar Espana boosts portfolio in 2017 by 29% to €1.5bn

Spanish REIT/SOCIMI Lar España reported a 29% increase in portfolio value last year to €1.54bn, which it said is well above the purchase price of the assets under (...)

Listed

Portugal to lead Poland, Sweden into Euro REITs club?

It looks as if Portugal will become the next member of the European REITs club as political confusion reigns in Poland, and Sweden shows little enthusiasm (...)