Lar España

What Lar España does

Lar España, now operating as HLRE Socimi following its 2024 merger with Helios RE Socimi, is a Spanish listed real estate investment trust (SOCIMI) headquartered at C/ María de Molina 39, 10ª Planta, Madrid. Founded in 2014, the company acquires, manages, and maximizes the value of a diversified portfolio of income-producing real estate assets in Spain, with exposure spanning retail, office, and logistics properties. The combined entity trades on BME Scaleup (ticker HLRE), providing public and institutional investors with liquid, regulated access to Spanish commercial real estate under the tax-efficient SOCIMI regime, which mandates distribution of at least 80% of rental income as dividends.

The underlying platform is a traditional real estate investment and asset management structure rather than a technology platform: assets are physical properties, and the operating layer relies on an external management team (Gestor externo) overseen by a Board of Directors, consistent with the lean 11–50 employee footprint. Revenue is generated through rental income from the underlying property portfolio, with no disclosed product-level pricing or per-tenant ARR data publicly available. Capital is raised through the public stock market, with investor communications handled via a dedicated investor relations portal, BME Scaleup disclosures (quarterly reports, audited financials, EPRA metrics, dividend information), and a bilingual corporate website. ESG disclosures, sustainability certifications, and active management updates are distributed through the website and a LinkedIn-hosted newsletter.

The company's customer base is bifurcated: shareholders (public and institutional investors seeking dividend-yielding, tax-efficient real estate exposure) and tenants occupying the underlying properties. No specific tenant logos or top-customer concentration are disclosed in the available data. Strategic positioning centers on liquidity, transparency, and regulatory tax efficiency unavailable in private Spanish real estate funds, with the 2024 merger representing the most significant recent corporate action aimed at consolidating scale and diversifying the asset base.

Name

Lar España

Legal name

Helios RE Socimi, S.A.

Website

https://larespana.com

Company type

Public

Founded year

2014

Operating status

Operating

Headcount range

11–50 employees

Short description

HLRE Socimi (formerly Lar España) is a Spanish listed SOCIMI (REIT) that acquires and manages a diversified portfolio of retail, office, and logistics real estate across Spain, serving public and institutional investors via its BME Scaleup listing.

Ownership category

akta.pro rank

Headquarters

HQ city

Madrid

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Others

Distribution channels1 record

Marketing channels3 records

Core offering

Lar España (now operating as HLRE Socimi following the 2024 merger with Helios RE Socimi) is a publicly listed Spanish SOCIMI (Real Estate Investment Trust) that acquires, manages, and maximizes the value of a diversified portfolio of real estate assets across Spain, including retail, office, and logistics properties. The company offers investors a regulated, liquid vehicle to gain exposure to Spanish income-producing real estate, with an obligation under the SOCIMI regime to distribute at least 80% of rental income as dividends.

Product overview

HLRE Socimi (Helios RE Socimi, S.A.) is a single unified product - a publicly listed real estate investment company (Socimi) on the BME Scaleup market. The company operates as an integrated real estate investment platform that acquires, manages, and optimizes a diversified portfolio of real estate assets throughout Spain. The offering centers on the HLRE Socimi brand, which encompasses property investment, portfolio management, and investor relations services for shareholders.

Differentiator

Problem solved

Functional benefit

Products and services

• HLRE Socimi (Helios RE Socimi) Publicly Listed Real Estate Investment Vehicle Publicly listed Spanish real estate investment company (SOCIMI) on BME Scaleup that acquires, manages, and maximizes the value of a diversified portfolio of real estate assets (retail, office, logistics) across Spain, offering investors a liquid, regulated vehicle with mandatory tax-efficient dividend distributions of at least 80% of rental income.

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• VONOVIA: Germany's largest residential real estate company, listed on the Frankfurt Stock Exchange. Operates under a similar scale, listed REIT structure with a regulated dividend payout framework, providing a broader European listed real estate benchmark.
• Gecina: French-listed REIT focused on prime office and residential assets in the Paris region. Comparable business model to HLRE's office segment, with a mature institutional investor base and similar income distribution profile.
• Klépierre: Major pan-European retail REIT with a continental shopping centre portfolio. Provides a benchmark for HLRE's retail assets at scale, though Klépierre is far larger and primarily continental European rather than Iberian-focused.
• Covivio: European REIT with offices, residential, and hotel assets across France, Germany, and Italy. Comparable operating model to HLRE's diversified Iberian exposure, though at much larger European scale.
• Unibail-Rodamco-Westfield: Pan-European prime retail REIT with flagship shopping destinations. Relevant benchmark for HLRE's retail component, though significantly larger, more international, and more focused on trophy shopping centres.

Direct peers

• Merlin Properties: Spain's largest SOCIMI with a diversified portfolio of offices, retail, logistics, and data centres. Directly comparable to HLRE as a publicly listed Spanish REIT operating across the same asset classes with the same SOCIMI tax regime and dividend distribution mandate.
• Castellana Properties: Spanish SOCIMI focused exclusively on retail real estate assets, formerly controlled by Euronext Veld. Overlaps directly with HLRE's retail component and serves as a focused retail benchmark in the listed Spanish REIT space.
• Inbest Real Estate (Inbesos): Spanish SOCIMI operating small-cap retail and commercial real estate investments, listed on BME Scaleup. Comparable to HLRE on regulatory regime, BME Scaleup venue, and Iberian retail exposure.
• Atom Hoteles (Atom SOCIMI): Spanish SOCIMI dedicated to hotel assets. Operates under the same listed SOCIMI regime and competes with HLRE for yield-seeking investors looking for Spanish real estate exposure, though its asset focus is hospitality rather than retail/office.
• Immobiliaria Colonial: A Spanish SOCIMI (Colonial) primarily invested in prime office assets in Madrid, Barcelona, and Paris. Comparable to HLRE's office exposure under the same SOCIMI framework, with similar income-oriented investor base.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hlre-socimi

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Lar España