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Grupo Lar Expects to End 2021 With 2,800 Homes for Rent

The forecast predicts close to one billion euros in assets under management and 400 million euros in investments over five years.

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Grupo Lar has set itself the target of ending this year with a portfolio of 2,800 homes for rent at different stages of the cycle.

In September 2020, the firm chaired by Miguel Pereda announced an alliance with France’s Primonial to create a new rental housing platform. According to Invertia, Grupo Lar has set itself the target this year of buying land or turnkey developments to build another 1,500 homes, which would bring the total to 2,800 by December 31, 2021, if all the forecasts are met.

It plans to develop and manage a portfolio of 5,000 units for lease in Spain’s main cities in the long term.

Read the full article in Spanish

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