Grupo Lar and Primonial will invest €350m in rental housing

Grupo Lar continues to bet on rental housing, this time with the fund manager Primonial. The real estate firm and the French group will invest some € 350m on build to rent residential projects over the coming year.

The Spanish real estate group announced in October last year that it was launching a residential rental platform with the aim of reaching 5,000 portfolio units in 2025 with an expected investment of around €1,000m in five years. Its original plan was to build the first projects on its own and then open up the platform to outside investors. Now, with the agreement reached with Primonial, the company is accelerating the timeline on this plan.