Grupo Lar names Miguel Ángel Peña chief executive, its first from outside the family

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Grupo Lar, the Spanish property investor, developer and manager, has named Miguel Ángel Peña chief executive. It is the first time in almost 60 years that the job has gone to someone outside the family that owns the company. Family firms do like to take their time.

Peña ran the international and Living businesses and has sat on the board and investment committee since January 2025. He now oversees every business area and reports to the board. Miguel Pereda stays on as non-executive chairman.

The group ended 2025 with 10,375 homes in development, a €3,750m portfolio and 244 employees.