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Since 1969

Discover our history

1969
Urbalar was founded by Felipe Pereda Torca together with other partners and began its activity in the residential sector in Madrid, focusing on the promotion of new homes, renovations and old rental houses.
1969
1985
Inversiones Inmobiliarias Lar SA is established as a company exclusively owned by the Pereda family. The group's shareholding becomes 100% family-owned.
1985
1988
The first Joint Ventures begin with sophisticated financial operations to provide resources for Real Estate developments, being the first Spanish real estate firm to make this type of agreement. The first agreement is made with Axa.
1988
1990
Grupo Lar begins to offer residential services in other areas of Spain. Branches are opened in Valladolid, Valencia, Albacete and Barcelona.
1990
1991
Joint Venture with Caixa Catalunya.
1991
1997
Joint Venture with Sabadell and Caja Ávila.
1997
1998
Grupo Lar and Whitehall (Goldman Sachs) establish an alliance (1998 – 2002) to invest in shopping centers and offices.
1998
1999
Together with Eroski, we created the shopping centre manager Gentalia, which is now 100% owned by Grupo Lar.
1999
2000
The Altamira Lar Foundation is established. Grupo Lar signs a Joint Venture with Grosvenor (2000 – 2008) to develop, invest in and manage industrial parks, office buildings and shopping centres.
2000
2001
Strong growth in the office development sector with Serrano 55, Serrano 49, Crisalis and the Med building, among others.
2001
2003
It begins its activity in the field of logistics with the development of Business Activity Parks in Madrid and Valencia. Joint Venture with Ballesol for the management of 14 assets in the healthcare sector.
2003
2004
Grupo Lar makes the leap into Latin America with the opening of its subsidiary in Mexico.
2004
2005
Start of activities in Poland, focusing on the residential market in Warsaw. Morgan Stanley Real Estate acquires 16,79% of Grupo Lar through a capital increase operation valued at 124 million euros, to undertake international expansion and triple its size in 5 years.
2005
2006
Start of activities in Romania, Hungary and France.
2006
2010
Start of activities in Brazil, with the first launch in 2012. Grupo Lar defined its operations in two revenue segments within the residential sector.
2010
2013
Activities in Peru begin with the development of multi-family buildings. Projects are long in scope and time.
2013
2014
Creation of Lar España Real Estate SOCIMI, S.A., listed on the Continuous Market of the Madrid Stock Exchange, became the first Spanish SOCIMI to go public. Lar España (currently HLRE Socimi, in partnership with Hines) is managed exclusively by Grupo Lar and is focused on investing in real estate assets throughout Spain, mainly in the retail sector. Grupo Lar and the Fortress Fund purchase a portfolio of 2.500 properties valued at 146 million Euros from Sareb. Grupo Lar, together with GreenOak and Baupost (an English and American financial group), purchase a portfolio of 8 shopping centres from the Dutch real estate group Vastned.
2014
2018
Lar España sells its logistics portfolio to the American fund Blackstone for 120 million euros. Gentalia becomes 100% owned by Grupo Lar.
2018
2019
With the idea of ​​redesigning its strategy, focusing its logistics activity on land acquisition and promotion, Grupo Lar creates a joint venture with Centerbridge to promote logistics warehouses, with the idea of ​​creating a portfolio of modern, efficient and sustainable assets.
2019
2020
Grupo Lar's entry into the "Build to Rent" sector involves the signing of an agreement with the French asset firm Primonial (currently Praemia), for the creation of a development and management platform for 5.000 homes in the main cities of Spain, through an investment of 400 million Euros.
2020
2021
Grupo Lar Poland strengthens and consolidates its role as manager, signing joint venture agreements with Develia, one of the main Polish developers, and, subsequently, with Hanner, a Lithuanian investor, each for the development of more than 1.100 homes and an investment value of more than 200 million euros each.
2021
2022
Signs a contract with AXA IM for the development of 25-30 senior residences in major cities with an investment value of €300 million.
2022
2023
Grupo Lar in Peru signs three housing projects in Lima with the Peruvian fund Fibra, with a total investment value of approximately 50 million euros.
2023
2023
Grupo Lar and BlackRock acquire the María de Molina 50 central office tower in downtown Madrid, with plans to convert the building into a residential project and a student residence, with a total investment of €400 million.
2023
2024
Grupo Lar and Hines, through Helios RE, acquire Lar España, strengthening its leadership position in asset management.
2024
2024
Agreement with Westmont Hospitality to develop and operate a “select service” hotel platform in Spain.
2024
2025
Agreement with J.P. Morgan Asset Management to develop flexible accommodations in major Spanish cities, with an estimated investment of €600 million. Agreement with Azahar Capital and Andbank for the acquisition and commercialization of logistics and light industrial assets.
2025
1990
New delegations
Grupo Lar begins to offer residential services in other areas of Spain. Branches are opened in Valladolid, Valencia, Albacete and Barcelona.
1990
2004
First international subsidiary
Grupo Lar makes the leap into Latin America with the opening of its subsidiary in Mexico.
2004
2005
Jump to Poland
Start of activities in Poland, focusing on the Warsaw residential market.
2005
2006
Romania, Hungary and France
Start of activities in Romania, Hungary and France.
2006
2010
Brazil
Start of activities in Brazil, with the first launch in 2012. Grupo Lar defined its operations in two revenue segments within the residential sector.
2010
2013
Peru
Activities in Peru begin with the development of multi-family buildings. Projects are long in scope and time.
2013
2014
Colombia
Activities begin in the Republic of Colombia, with a project of 9 towers and a shopping mall providing basic services to the community.
2014
1988
First agreement with Axa
The first Joint Ventures begin with sophisticated financial operations to provide resources for Real Estate developments, being the first Spanish real estate firm to make this type of agreement. The first agreement is made with Axa.
1988
1991
JV with Caixa Catalunya
Joint Venture with Caixa Catalunya.
1991
1997
Other operations
Joint Venture with Sabadell and Caja Ávila.
1997
1998
New alliance
Grupo Lar and Whitehall (Goldman Sachs) establish an alliance (1998 – 2002) to invest in shopping centers and offices.
1998
1999
Creation of Gentalia
Together with Eroski, he created the shopping centre manager Gentalia, which is now 100% owned by Grupo Lar.
1999
2000
Agreement with Grosvenor
Grupo Lar signs a Joint Venture with Grosvenor (2000 – 2008) to develop, invest in and manage industrial parks, office buildings and shopping centres.
2000
2003
Ballesol
Joint Venture with Ballesol for the management of 14 assets in the healthcare sector.
2003
2005
International expantion
Morgan Stanley Real Estate acquires 16,79% of Grupo Lar through a capital increase operation valued at 124 million euros, to undertake international expansion and triple its size in 5 years.
2005
2014
New purchases
Grupo Lar and the Fortress Fund buy a portfolio of 2.500 properties valued at 146 million Euros from Sareb. Grupo Lar together with GreenOak and Baupost (English and American financial group) buy a portfolio of 8 shopping centres from the Dutch real estate group Vastned.
2014
2019
Modern assets
With the idea of ​​redesigning its strategy, focusing its logistics activity on land acquisition and promotion, Grupo Lar creates a joint venture with Centerbridge to promote logistics warehouses, with the idea of ​​creating a portfolio of modern, efficient and sustainable assets.
2019
2020
"Build to Rent"
Grupo Lar's entry into the "Build to Rent" sector involves the signing of an agreement with the French asset firm Primonial, for the creation of a development and management platform for 5.000 homes in the main cities of Spain, through an investment of 400 million Euros.
2020
2021
Consolidation as a real estate manager in Poland
Grupo Lar Poland has established itself as a real estate manager, signing joint venture agreements with Develia, one of the main Polish developers, and, subsequently, with Hanner, a Lithuanian investor, each for the development of more than 1.100 homes and an investment value of more than 200 million euros each.
2021
2022
Nursing homes
Signs a contract with AXA IM for the development of 25-30 senior residences in major cities with an investment value of €300 million.
2022
2023
Peru
Grupo Lar in Peru signs three housing projects in Lima with the Peruvian fund Fibra, with a total investment value of approximately 50 million euros.
2023
2023
Acquire the María de Molina 50 central office tower
Grupo Lar and BlackRock acquire the María de Molina 50 central office tower in downtown Madrid, with plans to convert the building into a residential project and a student residence, with a total investment of €400 million.
2023
2024
Acquisition of Lar España by Helios RE
Grupo Lar and Hines, through Helios RE, acquire Lar Spain, strengthening its leadership position in asset management.
2024
2024
Agreement with Westmont Hospitality
Agreement with Westmont Hospitality to develop and operate a “select service” hotel platform in Spain.
2024
2025
Agreement with J.P. Morgan Asset Management
Agreement with J.P. Morgan Asset Management to develop flexible accommodations in major Spanish cities, with an estimated investment of €600 million. Agreement with Azahar Capital and Andbank for the acquisition and commercialization of logistics and light industrial assets.
2025
1998
Alliance with Whitehall
Grupo Lar and Whitehall (Goldman Sachs) establish an alliance (1998 – 2002) to invest in shopping centers and offices.
1998
1999
Creation of Gentalia
Together with Eroski, he created the shopping centre manager Gentalia, which is now 100% owned by Grupo Lar.
1999
2000
Investment in tertiary
Grupo Lar signs a Joint Venture with Grosvenor (2000 – 2008) to develop, invest in and manage industrial parks, office buildings and shopping centres.
2000
2001
Growth in the sector
Strong growth in the office development sector with Serrano 55, Serrano 49, Crisalis and the Med building, among others.
2001
2003
Entry into the health sector
It begins its activity in the field of logistics with the development of Business Activity Parks in Madrid and Valencia. Joint Venture with Ballesol for the management of 14 assets in the healthcare sector
2003
2014
Creation of Lar España Real Estate SOCIMI, SA
Creation of Lar España Real Estate SOCIMI, SA, listed on the Continuous Market of the Madrid Stock Exchange since March 5 and which became the first Spanish SOCIMI to go public. Lar España is managed exclusively by Grupo Lar and is focused on investing in real estate assets throughout Spain, mainly in the retail sector.
2014
2018
Divestment of the logistics portfolio
Lar España sells its logistics portfolio to the American fund Blackstone for 120 million euros.
2018
2020
"Build to Rent"
Grupo Lar's entry into the "Build to Rent" sector involves the signing of an agreement with the French asset firm Primonial, for the creation of a development and management platform for 5.000 homes in the main cities of Spain, through an investment of 400 million Euros.
2020
2023
Acquire the María de Molina 50 central office tower
Grupo Lar and BlackRock acquire the María de Molina 50 central office tower in downtown Madrid, with plans to convert the building into a residential project and a student residence, with a total investment of €400 million.
2023
2024
Agreement with Westmont Hospitality
Agreement with Westmont Hospitality to develop and operate a “select service” hotel platform in Spain.
2024
2025
Agreement with J.P. Morgan Asset Management
Agreement with J.P. Morgan Asset Management to develop flexible accommodations in major Spanish cities, with an estimated investment of €600 million. Agreement with Azahar Capital and Andbank for the acquisition and commercialization of logistics and light industrial assets.
2025