Overview
Lar España Real Estate aims to grow its EPRA net tangible assets (NTA) through active asset management of Spanish commercial real estate, and deliver high returns primarily through the payment of considerable annual dividends.
We have published several notes about Lar España that can be found below:
- 10-up and more growth to come, published 17 May 2024
- Defying the retail gloom, published 19 October 2023
- Dominant assets make a resilient business, published 14 March 2023
- Ducks in a row, published 16 November 2021
- Built to last, published 3 December 2020
Research History
-
24 Oct 2024 9 min read
Lar España Real Estate – Undervalued by offer
Undervalued by offer We believe that the revised bid of €8.30 per share for Lar España Real Estate, from a consortium that includes its manager Grupo Lar and US private equity firm Hines, still undervalues the company and its future prospects. The enterprise value implied by the bid price of €1,130m is a considerable discount […]
-
9 min read
Lar España Real Estate – Revised offer substantially discounts LRE
Revised offer substantially discounts LRE Lar España Real Estate has received a revised bid of €8.30 per share from a consortium that includes its manager Grupo Lar and US private equity firm Hines. However, the enterprise value implied by the bid of €1,130m is a considerable discount to the value of the portfolio of €1,304m […]
-
17 May 2024 18 min read
Lar España Real Estate – 10-up and more growth to come
Lar España Real Estate Real estate | Annual overview | 17 May 2024 10-up and more growth to come Lar España Real Estate celebrated its 10-year anniversary last month, and despite facing some potentially crippling challenges to its Spanish retail portfolio in that time – including the COVID-19 pandemic and now a higher interest rate […]
-
17 min read
Lar España Real Estate – 10-up and more growth to come
Lar España Real Estate Real estate | Annual overview | 17 May 2024 Exposure to Spanish retail Lar España Real Estate aims to grow its EPRA net tangible assets (NTA) through active asset management of Spanish commercial real estate, and deliver high returns primarily through the payment of considerable annual dividends. Fund profile The company’s […]
-
18 min read
Lar España Real Estate – 10-up and more growth to come
Lar España Real Estate Real estate | Annual overview | 17 May 2024 10-up and more growth to come Lar España Real Estate celebrated its 10-year anniversary last month, and despite facing some potentially crippling challenges to its Spanish retail portfolio in that time – including the COVID-19 pandemic and now a higher interest rate […]
-
19 Oct 2023 12 min read
Lar España Real Estate – Defying the retail gloom
Lar España Real Estate Real Estate | Update | 19 October 2023 Defying the retail gloom Lar España Real Estate continues to defy the doom and gloom surrounding the retail sector, posting strong financial and operational numbers. The value of its Spanish shopping centre and retail park portfolio has been stable despite higher interest rates […]
-
12 min read
Lar España Real Estate – Defying the retail gloom
Lar España Real Estate Real Estate | Update | 19 October 2023 Defying the retail gloom Lar España Real Estate’s manager says that the company’s strong financial and operational numbers show that it continues to defy the doom and gloom surrounding the retail sector. The value of its Spanish shopping centre and retail park portfolio […]
-
12 min read
Lar España Real Estate – Defying the retail gloom
Lar España Real Estate Real Estate | Update | 19 October 2023 Defying the retail gloom Lar España Real Estate continues to defy the doom and gloom surrounding the retail sector, posting strong financial and operational numbers. The value of its Spanish shopping centre and retail park portfolio has been stable despite higher interest rates […]
-
14 Mar 2023 19 min read
Lar España Real Estate – Dominant assets make a resilient business
Lar España Real Estate Real estate | Initiation | 14 March 2023 Dominant assets make a resilient business Lar España Real Estate has passed probably the most severe stress test in recent history in the form of the pandemic. 2022 results show that the value of its Spanish shopping centre and retail park portfolio has […]
-
19 min read
Lar España Real Estate – Dominant assets make a resilient business
Lar España Real Estate Real estate | Initiation | 14 March 2023 Dominant assets make a resilient business Lar España Real Estate has passed the most severe stress test in recent history in the form of the pandemic, and has come out the other side in good shape. 2022 results show that the value of […]
-
19 min read
Lar España Real Estate – Dominant assets make a resilient business
Lar España Real Estate Real estate | Initiation | 14 March 2023 Dominant assets make a resilient business Lar España Real Estate has passed the most severe stress test in recent history in the form of the pandemic, and has come out the other side in good shape. 2022 results show that the value of […]
-
16 Nov 2021 11 min read
Lar España Real Estate – Ducks in a row
Ducks in a row Lar España Real Estate has lined up its ducks ready for a growth push, having trod water successfully through the COVID-19 pandemic. The group has made significant headway in improving the ESG-credentials of its more than €1.4bn shopping centre and retail park portfolio, so much so that it was able to […]
-
11 min read
Lar España Real Estate – Ducks in a row
Ducks in a row Lar España Real Estate has lined up its ducks ready for a growth push, having trod water successfully through the COVID-19 pandemic. The group has made significant headway in improving the environmental, social and governance (ESG) credentials of its more than €1.4bn shopping centre and retail park portfolio, so much so […]
-
11 min read
Lar España Real Estate – Ducks in a row
Ducks in a row Lar España Real Estate has lined up its ducks ready for a growth push, having trod water through the COVID-19 pandemic. The group believes that it has made significant headway in improving the ESG-credentials of its more than €1.4bn shopping centre and retail park portfolio, so much so that it was […]
-
03 Dec 2020 10 min read
Lar España Real Estate – Built to last
Built to last Unlike most of its retail property-focused European peers, Spanish-listed Lar España Real Estate can look to the future with some confidence that it is on the path to recovery, despite the impact of the COVID-19 pandemic. The majority of the group’s €1.5bn portfolio of Spanish retail assets are ‘dominant’ shopping malls and […]
-
10 min read
Lar España Real Estate – Built to last
Built to last Unlike most of its retail property-focused European peers, Spanish-listed Lar España Real Estate can look to the future with some confidence that it is on the path to recovery, despite the impact of the COVID-19 pandemic. The majority of the group’s €1.5bn portfolio of Spanish retail assets are ‘dominant’ shopping malls and […]
-
10 min read
Lar España Real Estate – Built to last
Built to last Unlike most of its retail property-focused European peers, Spanish-listed Lar España Real Estate can look to the future with some confidence that it is on the path to recovery, despite the impact of the COVID-19 pandemic. The majority of the group’s €1.5bn portfolio of Spanish retail assets are ‘dominant’ shopping malls and […]
News
-
29 Nov 2024 1 min read
Lar Espana takeover approved by regulator
The takeover of Spanish REIT Lar Espana was approved by the National Securities Market Commission (CNMV) yesterday, paving the way for the deal to go through. The offer by Helios Real Estate, a consortium made up of Hines and Grupo Lar, at €8.30 values the company at just under €695m. [We published a research note […]
-
12 Jul 2024 1 min read
Hines and Grupo Lar launch €678m bid for Lar España
A consortium formed of Hines and Grupo Lar has announced a voluntary cash tender offer to buy Lar España Real Estate – the Spanish shopping centre and retail park owner. The consideration offered to Lar España’s shareholders consists of €8.10 per share, paid in cash, which implies valuing Lar España’s share capital at €678m. The […]
-
25 May 2023 2 min read
QuotedData’s Property Investment Conference 2023
Welcome to the videos from the Property Investment Conference 2023. The conference was for property analysts and REIT investors from all the major asset management groups, banks, stockbrokers, wealth managers and IFA Groups. Private investors were also welcomed this year via live streaming who were able to follow the panel discussions and expert speakers. We […]
