Spain

Grupo Lar buys land in Malaga for a new build to rent project

Grupo Lar buys land in Malaga for a new build to rent project

Grupo Lar has closed a new operation aimed at growing its joint venture with Primonial in the residential rental business.

Specifically, the Spanish developer has closed the purchase of a plot of 5,656 sqm of buildable area in Malaga, specifically in the Los Guindos area.

There, Lar will build 76 homes with 1 and 2 bedrooms. The floors are expected to be completed by the end of 2024. In total, the project investment amounts to just over 14 million euros.

Iberian Property is the best platform for investment in Spain & Portugal. Created for those who seek reliable information about players and deals happening in Iberia. Through updated database, reports, market indicators and daily news, we report “Who’s Who” in Iberian Real Estate!. Iberian Property is also proud to organize the most important international real estate investors’ meeting in Iberia - Portugal Real Estate Summit!