JP Morgan Asset Management and Grupo Lar to form a €600m join venture.

JP Morgan Asset Management, an asset manager for individuals, advisors, and institutions, and Grupo Lar, a Spanish company that combines its investment and development skills with an extended experience in real estate asset management, agreed to form a €600m joint venture. “We are delighted to launch our first project in Spain. This model offers a clear response to the new ways of inhabiting cities, with a focus on quality, sustainability, and user experience.” Michele Russo, JP Morgan Asset Management Deputy Head.