Grupo Lar Polska has entered into a strategic joint venture with Lithuania’s Galio Group, marking a new phase in its expansion in the Polish residential market, the company announced on LinkedIn. The partnership combines Grupo Lar’s strong local presence with Galio’s large-scale development expertise, with the goal of delivering around 1,000 modern apartments across prime locations in Poland. Grupo Lar Polska will serve as the managing partner.
“The signing of the joint venture agreement with Galio Group aligns perfectly with Grupo Lar’s long-term strategy of growth through collaboration with solid, experienced, and reliable partners,” said Renata McCabe-Kudla, Country Manager of Grupo Lar Polska. “We believe that combining the knowledge and experience of both organisations will enable us to deliver a variety of excellent quality residential projects in Poland. This partnership is rooted in shared values, transparency, and trust.”
Nerijus Maknevičius, CEO of Galio Group, highlighted the strategic importance of the move. “This partnership with Grupo Lar Polska is an important step for Galio Group towards international expansion. Poland stands as a leading market in the region – large, rapidly expanding and culturally familiar to us,” he said.
The joint venture’s first project will be a high-end residential development in Warsaw’s Praga-Południe district, one of the capital’s fastest-growing areas.
Colliers' Corporate Finance & Living Services team acted as the strategic advisor in initiating and structuring the partnership between the two developers. “This collaboration marks a continuation of our longstanding relationship with Grupo Lar, whom we have previously supported in similar strategic processes,” commented Dorota Wysokińska-Kuzdra, Michał Witkowski, MBA, and Kamila Kasprzak, CCIM from Colliers. “The robust fundamentals of the Polish residential market continue to attract significant investor interest. We anticipate further consolidation within the sector, while simultaneously welcoming new entrants.”
