The Spanish real estate group Lar announced that this year will invest about 990 million dollars (MD) in Mexico.

Lar group has a presence in City, State of Mexico, Puebla, Jalisco, Nuevo Leon and Quintana Roo. Its expansion plan foresees new developments in cities such as Queretaro, Toluca and Tijuana.

Vincent Aliño director general of the Spanish company in Mexico elaborated that of the total investment, 360 MD will be channeled towards the housing development.

The managers commented that the intention of the group is to market the housing in the south and the north of Mexico City. 50% of the total venture of Lar Group will be invested in Mexico City.

The company will have this year 12 more projects in addition to the 18 existing housing developments.