HELIOS RE SA
HELIOS RE, S.A. was a Spanish public limited company (sociedad anónima) registered in Madrid under tax identification number (CIF) A10751865, with its registered office at Calle María de Molina 39, 10th floor, 28006 Madrid. According to Spanish Mercantile Registry data, the company was incorporated on 30 May 2022.
Despite its name, HELIOS RE, S.A. was not a reinsurance company; “RE” referred to real estate. The company was formed as a special-purpose acquisition vehicle backed by Hines European Real Estate Partners III and Grupo Lar to pursue a voluntary takeover bid (oferta pública de adquisición, OPA) for LAR España Real Estate SOCIMI, S.A., Spain’s listed shopping-centre and retail-park REIT (SOCIMI), which had traded on the Madrid Stock Exchange Continuous Market since March 2014. The CNMV approved the offer on 28 November 2024 at €8.30 per share; following settlement on 27 December 2024, HELIOS RE, S.A. held 92.2% of LAR España’s capital, and the CNMV suspended LAR España’s listing on 30 January 2025 to allow a squeeze-out of the remaining minority shares, after which LAR España was delisted on 14 February 2025 with HELIOS RE, S.A. holding 100% of its capital.
HELIOS RE, S.A. itself was never listed on a stock exchange. In September 2025, following registration of the operation in the Mercantile Registry (Boletín Oficial del Registro Mercantil, BORME-C-2025-4645), HELIOS RE, S.A. was absorbed into its former subsidiary, LAR España Real Estate SOCIMI, S.A.U., in a reverse merger, extinguishing HELIOS RE, S.A. as an independent legal entity. The surviving company, which retains LAR España’s original registration, adopted the name Helios RE Socimi, S.A. and now trades under the brand HLRE Socimi on the BME Scaleup market – a distinct legal entity from HELIOS RE, S.A. (CIF A10751865) described in this profile.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
1
Shareholders of HELIOS RE, S.A.
Before its dissolution, HELIOS RE, S.A. was jointly owned by two disclosed shareholders: Hines European Real Estate Partners III, a fund managed by the US real estate investment manager Hines, holding approximately 62.5% of the company’s capital, and Grupo Lar, the Spanish real estate group, holding the remaining approximately 37.5%, according to industry reporting on the joint takeover-bid vehicle the two sponsors formed in 2024. No public share register or precise effective date for these percentages was located; they reflect the ownership structure reported around completion of the takeover bid for LAR España Real Estate SOCIMI, S.A. in February 2025. HELIOS RE, S.A. was not itself listed, so no exchange-mandated major-shareholder disclosure applied to it. Following the company’s absorption into LAR España Real Estate SOCIMI, S.A.U. in September 2025, Hines and Grupo Lar became shareholders of the surviving, separately registered entity in reported proportions of 67% and 33% respectively – that entity is outside the scope of this profile.
Data availability
Classification: Historical. The shareholder information above reflects HELIOS RE, S.A.’s ownership shortly before its September 2025 dissolution via merger; Spanish rules do not require a private, unlisted company such as this to publish a full share register, and no more granular or precisely dated disclosure was identified.
Sources
- Iberian Property – “Helios RE completes the takeover bid for Lar España and the SOCIMI joins BME Scaleup”
- Idealista – “Grupo Lar saca a bolsa el vehículo que controla el 33% de la socimi Helios por 98 millones”, 16 December 2025
- Boletín Oficial del Registro Mercantil (BORME) – BORME-C-2025-4645
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
| Shareholder | Type | Holding | Source Document |
|---|---|---|---|
| -HSBC FTSE EPRA/NAREIT Developed UCITS ETF | 100% | Colegio de Registradores / Registro Mercantil Central |
Officers
11
Directors and officers of HELIOS RE, S.A.
Reported coverage of HELIOS RE, S.A. around completion of its takeover bid for LAR España Real Estate SOCIMI, S.A. (February 2025) described a four-member board chaired by Regina Garay, an independent director, with Vanessa Gelado and Lucía Martínez-Noriega representing sponsor Hines and José Manuel Llovet representing sponsor Grupo Lar. Exact appointment dates, nationalities and countries of residence for these individuals were not identified in the sources reviewed, so they are reported here as not disclosed rather than inferred; no company secretary was identified. HELIOS RE, S.A. ceased to exist as an independent legal entity following its absorption into LAR España Real Estate SOCIMI, S.A.U. in September 2025, at which point these appointments to HELIOS RE, S.A. specifically ended along with the company itself. Several of the same individuals, including Vanessa Gelado as chair, subsequently sat on the board of the surviving, separately registered entity operating under the brand HLRE Socimi, which is outside the scope of this profile.
Data availability
Classification: Partial. Officer information for HELIOS RE, S.A. is drawn from real-estate industry news coverage rather than a directly reviewed Mercantile Registry officer filing; appointment or resignation dates, nationality and country of residence were not disclosed in the sources reviewed.
Sources
- Iberian Property – “Helios RE completes the takeover bid for Lar España and the SOCIMI joins BME Scaleup”
- Boletín Oficial del Registro Mercantil (BORME) – BORME-C-2025-4645
Registry feed — rows exactly as filed with Colegio de Registradores / Registro Mercantil Central, including entries the profile above does not cover.
Group Structure
Group structure of HELIOS RE, S.A.
HELIOS RE, S.A. was not an independent company. It was formed in 2022 as an acquisition vehicle jointly controlled by its two disclosed shareholders, Hines European Real Estate Partners III (approximately 62.5%) and Grupo Lar (approximately 37.5%) – see the Shareholders section for further detail on this holding. Following a voluntary takeover bid and a subsequent squeeze-out of minority shareholders, HELIOS RE, S.A. held a verified 100% direct interest in LAR España Real Estate SOCIMI, S.A. (CIF A86918307), Spain’s listed shopping-centre and retail-park REIT, from that company’s delisting on 14 February 2025. In September 2025 this relationship was reversed: HELIOS RE, S.A. was absorbed into its former subsidiary in a reverse merger registered with the Mercantile Registry (BORME-C-2025-4645), extinguishing HELIOS RE, S.A. as a legal entity. The surviving company retained LAR España’s original registration and adopted the name Helios RE Socimi, S.A., operating under the brand HLRE Socimi on BME Scaleup. No other verified subsidiaries of HELIOS RE, S.A. were identified. Information reflects sources reviewed in September 2026.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| LAR España Real Estate SOCIMI, S.A. | ES | A86918307 | Direct subsidiary (historical – became the absorbing/surviving entity in a 2025 reverse merger) | 100% | Merger completed; entity renamed Helios RE Socimi, S.A. | 14 Feb 2025 (100% held); Sept 2025 (merger) |
Recent structural changes
- HELIOS RE, S.A. completed a squeeze-out acquiring 100% of LAR España Real Estate SOCIMI, S.A., which was delisted 14 February 2025.
- HELIOS RE, S.A. was absorbed into LAR España Real Estate SOCIMI, S.A.U. in a reverse merger registered in the Mercantile Registry per BORME-C-2025-4645 (merger project dated 22 May 2025; completion announced September 2025), ending HELIOS RE, S.A.’s existence as a separate legal entity.
Data availability
Classification: Historical. The corporate-linkage information above is verified through the official Boletín Oficial del Registro Mercantil merger filing and contemporaneous industry news, but relates entirely to the period before HELIOS RE, S.A.’s September 2025 dissolution; the company no longer exists as a separate legal entity to hold current group relationships.
Sources
- Boletín Oficial del Registro Mercantil (BORME) – BORME-C-2025-4645
- CNMV – Entity information, LAR España Real Estate SOCIMI, S.A. (CIF A86918307)
- Iberian Property – “Helios RE completes the takeover bid for Lar España and the SOCIMI joins BME Scaleup”
- Observatorio Inmobiliario, EjePrime, El Econimista – reporting on completion of the Helios RE / LAR España reverse merger, September 2025
HELIOS RE SA
Spain
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Frequently Asked Questions
What does HELIOS RE SA do?
HELIOS RE, S.A. (CIF A10751865) was a Spanish public limited company incorporated 30 May 2022 in Madrid as a special-purpose vehicle backed by Hines and Grupo Lar to acquire LAR España Real Estate SOCIMI, S.A. via a 2024-2025 takeover bid; it was absorbed into that former subsidiary in a September 2025 reverse merger and no longer exists as a separate legal entity.
Who owns HELIOS RE SA?
Before its 2025 dissolution, HELIOS RE, S.A. was owned by Hines European Real Estate Partners III (approximately 62.5%) and Grupo Lar (approximately 37.5%), the two sponsors of its takeover bid for LAR España Real Estate SOCIMI, S.A.
Who is HELIOS RE SA's UBO (Ultimate Beneficial Owner)?
Every shareholder recorded for HELIOS RE SA is itself a company rather than a natural person, so no Ultimate Beneficial Owner (UBO) is identified at this level; establishing one would require tracing the ownership of each shareholding company in turn.
What is HELIOS RE SA's company registration number?
HELIOS RE SA's registration number is A10751865, filed with Colegio de Registradores / Registro Mercantil Central in Spain. Its current status on the register is active.
Is HELIOS RE SA still an active company?
HELIOS RE SA's status on Colegio de Registradores / Registro Mercantil Central is listed as active.
When was HELIOS RE SA incorporated?
HELIOS RE SA was incorporated on 30 May 2022, according to Colegio de Registradores / Registro Mercantil Central.
What is HELIOS RE SA's registered address?
The registered address on file for HELIOS RE SA is Madrid, Spain.
What legal structure is HELIOS RE SA registered as?
HELIOS RE SA is registered as a Public Limited Company in Spain.
Who are the officers/directors of HELIOS RE SA?
Industry reporting from around completion of its takeover bid described HELIOS RE, S.A.'s board as chaired by Regina Garay (independent), with Vanessa Gelado and Lucía Martínez-Noriega representing Hines and José Manuel Llovet representing Grupo Lar; these appointments ended with the company's September 2025 dissolution.
Does HELIOS RE SA have a parent company or subsidiaries?
HELIOS RE, S.A. held a verified 100% interest in LAR España Real Estate SOCIMI, S.A. (CIF A86918307) after a 2024-2025 takeover bid, before being absorbed into that former subsidiary in a September 2025 reverse merger (BORME-C-2025-4645) that extinguished HELIOS RE, S.A. as a separate legal entity.
Can Zavia monitor changes to HELIOS RE SA's ownership over time?
This profile reflects a point-in-time snapshot from Colegio de Registradores / Registro Mercantil Central. Zavia's monitoring API can track changes to HELIOS RE SA's registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access HELIOS RE SA's data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Spain, so records like HELIOS RE SA's registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Colegio de Registradores / Registro Mercantil Central and was last synced on 25 September 2026.