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Real Estate Firm Lar España Sees Profits Double In First Half

Published on Sep 19 2016 2:00 PM in Retail tagged: Retail / Footfall / Spanish Retail / Shopping Centre / Lar España

Real Estate Firm Lar España Sees Profits Double In First Half

Retail real estate firm Lar España has achieved a net profit of €43.3 million during the first half of 2016, more than double of the €19.3 million recorded for the same period last year.

As reported by revistainforetail.com, this has resulted from favourable trends in rental revenues which have totalled €26.9 million, 90% more compared to the first half of 2015.

The company has attributed the increase to the acquisition of new assets over the past 12 months, as well as a series of improvements made to its management.

Sales in shopping centres owned by Lar España grew by 12.5% from January to June 2016, compared to the same period in 2015.

© 2016 European Supermarket Magazine – your source for the latest retail news. Article by Gabriela Guédez. To subscribe to ESM: The European Supermarket Magazine, click here.

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