Grupo Lar Polska and Galio Group will jointly build 1,000 apartments in Poland

In accordance with the requirements of Polish law, the partners have already submitted a notification to the Office of Competition and Consumer Protection (UOKiK) regarding the planned concentration. The application covers cooperation in the implementation of joint development investments. The office approval procedure is in progress – the transaction will be finalized after obtaining the consent of the Office of Competition and Consumer Protection.

As part of the partnership, Grupo Lar Polska will act as a managing partner, responsible, among others, for: for acquiring land, preparing architectural concepts, implementing the construction process and commercializing projects. Galio Group will act as a strategic partner, participating in key decisions and sharing extensive experience and knowledge gained during the implementation of large investments on the Lithuanian market.

The first joint venture of both companies will be an investment of the up market segment in Warsaw’s Praga-Południe district, in one of the most dynamically developing parts of the city. Intensive preparatory work is currently underway,
and the sale of apartments is planned to start in 2025.

– Signing the joint venture agreement with Galio Group fits perfectly into Grupo Lar’s long-term strategy, which assumes development through cooperation with solid, experienced and reliable partners. We believe that combining the knowledge and experience of both organizations will allow us to implement even more ambitious housing projects in Poland. It is a partnership based on shared values, transparency and trust. Together we will create modern, friendly housing estates that meet the growing housing needs of Poles – emphasizes Renata McCabe-Kudła, Country Manager of Grupo Lar Polska.

– Partnership with Grupo Lar Polska is an important step for Galio Group towards international expansion. Poland is the leader of the region – a large, rapidly growing market and culturally close to us. Due to the similarities between residential projects implemented in Poland and Vilnius, our market entry process is efficient and well-organized. Grupo Lar is a partner with an established position, with a strong team and a reputation that is valued by customers. We believe that together we will create projects that will become a new quality standard in Polish residential construction – adds Nerijus Maknevičius, CEO of Galio Group.

The partnership of Grupo Lar Polska and Galio Group is a synergy of vision, experience and values ​​that connect both entities. Companies plan to implement investments distinguished by innovation, a sustainable approach to design and a high standard of workmanship. This is the beginning of long-term cooperation, the effects of which will be visible on the Polish real estate market in the coming years.

The Colliers Corporate Finance & Living Services team acted as a strategic advisor in creating and organizing the joint venture between Grupo Lar Polska and Galio Group.

– This cooperation was a continuation of our long-term relationship with Grupo Lar, which we previously supported in similar strategic processes. The solid foundations of the Polish housing market continue to attract significant investor interest. We anticipate further consolidation in this sector, while welcoming new players – emphasize Dorota Wysokińska-Kuzdra, Michał Witkowski and Kamila Kasprzak from Colliers.