Located on the northern outskirts of Lugo, a provincial capital with a population of 330,000 in northwestern Spain, the As Termas Shopping Center is a key asset within the Helios Real Estate Socimi retail portfolio. The dominant retail center in the region, it services an extensive catchment area of over 200,000 people and benefits from excellent visibility and seamless access via the N-VI, N-640, and A-6 routes. Featuring 79 retail units, 2,200 parking spaces, electric vehicle charging stations, and a gas station, the property also holds a BREEAM certification, emphasizing sustainable design and operations.
Following a major acquisition in late 2024, the Helios consortium, a joint venture between Hines European Real Estate Partners III (HEREP III) and Grupo Lar, acquired Lar España Real Estate Socimi. Helios Real Estate Socimi, rebranded from Lar España, manages a portfolio of 12 malls and retail parks know for their quality and scale. Helios is setting a benchmark in retail real estate through value creation, sustainability and innovative customer experiences.