The objective is to build an important portfolio of real estate rental assets and the society will be listed on the stock exchange. To this effect, the company gathered all its family business into one society, Monthisa Real Estate, up to the present a subsidiary, and sold a third of the fund’s capital to the US Proprium Capital, a company owning 16.5% of the Grupo Lar for some years, with Tim Morris as Director, according to Spanish Real Estate.
Monthisa Real Estate has a portfolio worth 250 million. In recent months were added more assets, bought at low prices from El Corte Inglés for 150 million euros, assisted by the consultants Inmored, which took place last August, and the most recent purchase of a property in la calle Montera de Madrid which will be offices and a hotel