Lar España, a Socimi specialising in the promotion and management of retail parks and shopping centres, closed the financial year 2020 with losses of 53.7 million euros, compared to a profit of 80.7 million euros in 2019, due to a decrease in the valuation of its assets.
Specifically, the value of its asset portfolio, which comprises 15 shopping centres and retail parks, fell by 4.9%, to 1.475 billion euros. That represents an impairment of 76 million euros compared to the value recorded in 2019.
Read the full article in Spanish.
