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Spanish real estate asset and capital manager with over 55 years of history.

Last updated September 2, 2026

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Overview

Grupo Lar is a Spanish real estate company specializing in investment, promotion, and management of assets worldwide. It has over 55 years of history and operates in 5 countries.

History

Grupo Lar was founded in 1969 when Urbalar was founded by Felipe Pereda Torca and other partners, starting in the residential sector in Madrid. In 1985, Inversiones Inmobiliarias Lar SA was established as a company exclusively owned by the Pereda family. In 1988, the first Joint Ventures began, with the first agreement made with Axa. In 1990, branches were opened in Valladolid, Valencia, Albacete and Barcelona. In 1991, a Joint Venture with Caixa Catalunya was formed. In 1997, a Joint Venture with Sabadell and Caja Ávila was formed. In 1998, Grupo Lar and Whitehall (Goldman Sachs) established an alliance to invest in shopping centers and offices. In 1999, together with Eroski, the shopping centre manager Gentalia was created. In 2000, the Altamira Lar Foundation was established and a Joint Venture with Grosvenor was signed. In 2001, strong growth in the office development sector occurred. In 2003, activity in logistics began and a Joint Venture with Ballesol was formed.

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