Grupo Lar’s new strategy in the Eastern European market
The Spanish development company Grupo Lar has announced a partnership with Lithuania’s Galio Group to implement large-scale residential projects in Poland. The joint venture involves an investment of 46 million euros and the construction of around a thousand apartments in various cities across the country. This move strengthens Grupo Lar’s position in Poland, where the company has been active for nearly two decades, delivering major projects alongside both local and international partners.
Division of roles and development plans
Under the new alliance, Grupo Lar will act as managing partner, overseeing land acquisition, project design, and property promotion. Galio Group, for its part, contributes its expertise in developing large-scale residential complexes, gained in the Lithuanian market. The combination of both companies’ experience is expected to enable the creation of modern, sustainable projects that meet high quality standards.
Poland’s real estate market: prospects and trends
Experts note that the Polish housing market continues to show steady growth and attract investors from across Europe. In recent years, Poland has seen a trend towards sector consolidation and professionalization, creating favorable conditions for major players. Grupo Lar, present in the country since 2006, has already completed several high-profile projects here, including Przy Woronicza, Nowe Bielany 2, and Lizbonska, which received the prestigious BREEAM Excellent environmental certification.
Expanding cooperation and new projects
In addition to its new partnership with Galio Group, the Spanish company continues to collaborate with other developers such as Develia and Hanner. Under these agreements, around three thousand more apartments are being built in Poland, with total investments exceeding half a billion euros. Through these initiatives, Grupo Lar is strengthening its position as one of the leading foreign investors in Poland’s residential construction sector.
Market impact and future prospects
The creation of a joint venture with Galio Group opens up new opportunities for Grupo Lar to expand in Central and Eastern Europe. Poland remains one of the Spanish company’s key markets, where it plans to continue developing modern residential complexes focused on sustainability and high living standards. The successful implementation of these new projects is expected to further bolster Grupo Lar’s position among the largest real estate players in the region.
