Lar Espana Real Estate ate ate SOCIMI (ES:LRE) has released an update.
Lar España Real Estate has announced new strategic agreements following a takeover by Helios RE, S.A., including a five-year strategic services and advisory contract valued at 3.5 million euros, and an investment management contract worth approximately 32.5 million euros. These contracts, set to begin in January 2025, involve collaborations with subsidiaries of Grupo Lar and aim to enhance the management and commercialization of shopping centers and retail parks. This move signifies a significant restructuring in Lar España’s operational strategy, with potential impacts on market performance and shareholder value.
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