Lar España Real Estate SOCIMI, S.A. (LAREF)

Overview

LAR ESPAÑA REAL ESTATE SOCIMI, SA is a distinguished entity in Spain's real estate sector, focusing primarily on the retail market. Since its inception in March 2014, the company has rapidly ascended to become the market leader within this niche. It is publicly traded on the Spanish Stock Exchanges and operates as a SOCIMI (Sociedad Cotizada de Inversión en el Mercado Inmobiliario), a structure akin to a real estate investment trust (REIT), aiming to foster investments in the Spanish real estate landscape. LAR ESPAÑA boasts a substantial portfolio, comprising over 480,000 square meters available for rent, alongside an impressive asset value of 1,338 million euros. Recognition of its performance and transparency extends to an international scale, with its inclusion in the FTSE EPRA/NAREIT Global index in 2015 and the Ibex Top Dividend index in 2018, underscoring its global appeal and reward for dividend investors. Moreover, its commitment to excellence in financial reporting and environmental, social, and governance (ESG) standards has been consistently honored, achieving the EPRA Gold Award for nine consecutive years and the ESG Gold Award for six years in a row, solidifying its reputation as a leader in both investment performance and corporate responsibility.

Products and Services

LAR ESPAÑA’s portfolio is distinguished by its focus on the retail real estate sector, offering a diverse range of products and services designed to meet the demands of a varied tenant base.

• Retail Space Leasing:

At the core of LAR ESPAÑA’s offerings is the leasing of retail space. These properties encompass a wide range of formats from shopping centers to standalone retail units, strategically located across Spain. This service caters to both national and international retailers seeking premium spaces in high-traffic areas, thereby enabling businesses to thrive and connect with their target markets effectively.

• Asset Management:

With an extensive asset value exceeding 1,338 million euros, LAR ESPAÑA takes an active role in managing its real estate portfolio. The company employs a strategic approach to property management, focusing on value addition and optimization of operational efficiency. This includes refurbishments, tenant mix adjustment, and sustainability enhancements, aimed at maximizing returns on investment while maintaining high standards of environmental stewardship.

• Sustainability Consulting:

Understanding the growing emphasis on sustainability in real estate, LAR ESPAÑA offers consulting services to promote eco-friendly practices within its properties. This is aligned with its achievement of the EPRA Gold Award for ESG for six consecutive years, reflecting its commitment to environmental excellence. Services include guidance on energy efficiency, waste management, and integration of renewable energy sources, helping tenants and partners reduce their carbon footprint and align with global sustainability goals.