Spanish Developer Invests in DF Project

Spain’s Grupo Lar will invest MXP1.3bn in a new housing complex located near Mexico City’s Paseo de la Reforma, the company says. The new development will include four apartment towers with a business center and other amenities. Construction is expected to start in Q4 of this year. Recently, Grupo Lar announced a MXP1.1bn, 469-unit complex in the city of Puebla.