The Spanish company is currently looking for partners to make investments in the Portuguese market, which is considered highly attractive due to the scarcity of supply in the ‘High Street’ segment and the high market share that shopping malls hold in national consumption.

The revelation was made by José Manuel Llovet, CEO of Grupo Lar’s Tertiary area, during the 5th Gran Jornada Imobiliária promoted by the newspaper El Economista. “We see Portugal as a clear opportunity. The market is solid, has little supply and continues to attract interest from large investors”, said the manager, emphasizing that the approach will be made, as usual, in partnership with investors.

The group sees the Iberian Peninsula as a strategic space for attracting international capital, namely British, German and South African, and considers Lisbon a natural connection point for this capture.

The strategy follows the example of other large Spanish companies in the sector that have invested in the country. In 2023, Castellana Properties acquired three shopping centers in Lisbon and Porto for 176.5 million euros and strengthened its presence with new operations in Sintra and Madeira. Lighthouse also purchased the Alegro Montijo shopping center for around 180 million euros.