<?xml version="1.0" encoding="utf-8"?>
<linkbase
  xmlns="http://www.xbrl.org/2003/linkbase"
  xmlns:xbrli="http://www.xbrl.org/2003/instance"
  xmlns:xlink="http://www.w3.org/1999/xlink"
  xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
  xsi:schemaLocation="http://www.xbrl.org/2003/linkbase http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd">
    <labelLink
      xlink:role="http://www.xbrl.org/2003/role/link"
      xlink:type="extended">
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CustomerRelationship"
          xlink:label="altarea_CustomerRelationship"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CustomerRelationship"
          xlink:to="label_altarea_CustomerRelationship"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CustomerRelationship"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Customer Relationship</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_OtherIntangibleAssetsOtherThanCustomerRelationshipGoodwillAndBrandNames"
          xlink:label="altarea_OtherIntangibleAssetsOtherThanCustomerRelationshipGoodwillAndBrandNames"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_OtherIntangibleAssetsOtherThanCustomerRelationshipGoodwillAndBrandNames"
          xlink:to="label_altarea_OtherIntangibleAssetsOtherThanCustomerRelationshipGoodwillAndBrandNames"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_OtherIntangibleAssetsOtherThanCustomerRelationshipGoodwillAndBrandNames"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Other Intangible Assets other than Customer Relationship Goodwill and Brand names</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_InvestmentPropertyAtFairValue"
          xlink:label="altarea_InvestmentPropertyAtFairValue"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_InvestmentPropertyAtFairValue"
          xlink:to="label_altarea_InvestmentPropertyAtFairValue"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_InvestmentPropertyAtFairValue"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Investment property at fair value</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_InvestmentPropertyAtAmortizedCost"
          xlink:label="altarea_InvestmentPropertyAtAmortizedCost"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_InvestmentPropertyAtAmortizedCost"
          xlink:to="label_altarea_InvestmentPropertyAtAmortizedCost"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_InvestmentPropertyAtAmortizedCost"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Investment property at amortized cost</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_RightOfUseOnInvestmentPropertyAtFairValue"
          xlink:label="altarea_RightOfUseOnInvestmentPropertyAtFairValue"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_RightOfUseOnInvestmentPropertyAtFairValue"
          xlink:to="label_altarea_RightOfUseOnInvestmentPropertyAtFairValue"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_RightOfUseOnInvestmentPropertyAtFairValue"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Right of use on investment property at fair value</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_InvestmentAndReceivablesAccountedForUsingEquityMethod"
          xlink:label="altarea_InvestmentAndReceivablesAccountedForUsingEquityMethod"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_InvestmentAndReceivablesAccountedForUsingEquityMethod"
          xlink:to="label_altarea_InvestmentAndReceivablesAccountedForUsingEquityMethod"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_InvestmentAndReceivablesAccountedForUsingEquityMethod"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Investment and receivables accounted for using equity method</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CurrentDerivativeFinancialAssetsHeldForTrading"
          xlink:label="altarea_CurrentDerivativeFinancialAssetsHeldForTrading"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CurrentDerivativeFinancialAssetsHeldForTrading"
          xlink:to="label_altarea_CurrentDerivativeFinancialAssetsHeldForTrading"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CurrentDerivativeFinancialAssetsHeldForTrading"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Current derivative financial assets held for trading</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_RetainedEarningsAndOtherReservesAttributableToOwnersOfParent"
          xlink:label="altarea_RetainedEarningsAndOtherReservesAttributableToOwnersOfParent"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_RetainedEarningsAndOtherReservesAttributableToOwnersOfParent"
          xlink:to="label_altarea_RetainedEarningsAndOtherReservesAttributableToOwnersOfParent"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_RetainedEarningsAndOtherReservesAttributableToOwnersOfParent"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Retained earnings and other reserves attributable to owners of parent</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_RetainedEarningsAndOtherReservesAttributableToNonControllingInterests"
          xlink:label="altarea_RetainedEarningsAndOtherReservesAttributableToNonControllingInterests"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_RetainedEarningsAndOtherReservesAttributableToNonControllingInterests"
          xlink:to="label_altarea_RetainedEarningsAndOtherReservesAttributableToNonControllingInterests"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_RetainedEarningsAndOtherReservesAttributableToNonControllingInterests"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Retained earnings and other reserves attributable to non controlling interests</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_EquityProfitLossAttributableToNonControllingInterests"
          xlink:label="altarea_EquityProfitLossAttributableToNonControllingInterests"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_EquityProfitLossAttributableToNonControllingInterests"
          xlink:to="label_altarea_EquityProfitLossAttributableToNonControllingInterests"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_EquityProfitLossAttributableToNonControllingInterests"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Equity profit loss attributable to non controlling interests</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_ParticipatingLoansAndAdvancesFromAssociates"
          xlink:label="altarea_ParticipatingLoansAndAdvancesFromAssociates"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_ParticipatingLoansAndAdvancesFromAssociates"
          xlink:to="label_altarea_ParticipatingLoansAndAdvancesFromAssociates"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_ParticipatingLoansAndAdvancesFromAssociates"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Participating loans and advances from associates</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NoncurrentContractualFeesOnInvestmentProperty"
          xlink:label="altarea_NoncurrentContractualFeesOnInvestmentProperty"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NoncurrentContractualFeesOnInvestmentProperty"
          xlink:to="label_altarea_NoncurrentContractualFeesOnInvestmentProperty"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NoncurrentContractualFeesOnInvestmentProperty"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Noncurrent contractual fees on investment property</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NoncurrentDepositsAndSecurityInterestsReceived"
          xlink:label="altarea_NoncurrentDepositsAndSecurityInterestsReceived"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NoncurrentDepositsAndSecurityInterestsReceived"
          xlink:to="label_altarea_NoncurrentDepositsAndSecurityInterestsReceived"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NoncurrentDepositsAndSecurityInterestsReceived"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Noncurrent deposits and security interests received</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CurrentFinancialLiabilitiesExcludingDerivative"
          xlink:label="altarea_CurrentFinancialLiabilitiesExcludingDerivative"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CurrentFinancialLiabilitiesExcludingDerivative"
          xlink:to="label_altarea_CurrentFinancialLiabilitiesExcludingDerivative"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CurrentFinancialLiabilitiesExcludingDerivative"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Current financial liabilities excluding derivative</label>
        <loc
          xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_BankOverdraftsClassifiedAsCashEquivalents"
          xlink:label="ifrs-full_BankOverdraftsClassifiedAsCashEquivalents"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="ifrs-full_BankOverdraftsClassifiedAsCashEquivalents"
          xlink:to="label_ifrs-full_BankOverdraftsClassifiedAsCashEquivalents"
          xlink:type="arc"/>
        <label
          xlink:label="label_ifrs-full_BankOverdraftsClassifiedAsCashEquivalents"
          xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"
          xlink:type="resource"
          xml:lang="en">Bank overdrafts - period start</label>
        <label
          xlink:label="label_ifrs-full_BankOverdraftsClassifiedAsCashEquivalents"
          xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"
          xlink:type="resource"
          xml:lang="en">Bank overdrafts - period end</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CurrentAdvancesFromGroupShareholdersAndPartners"
          xlink:label="altarea_CurrentAdvancesFromGroupShareholdersAndPartners"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CurrentAdvancesFromGroupShareholdersAndPartners"
          xlink:to="label_altarea_CurrentAdvancesFromGroupShareholdersAndPartners"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CurrentAdvancesFromGroupShareholdersAndPartners"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Current advances from group shareholders and partners</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CurrentContractualFeesOnInvestmentProperty"
          xlink:label="altarea_CurrentContractualFeesOnInvestmentProperty"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CurrentContractualFeesOnInvestmentProperty"
          xlink:to="label_altarea_CurrentContractualFeesOnInvestmentProperty"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CurrentContractualFeesOnInvestmentProperty"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Current contractual fees on investment property</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CurrentDerivativeFinancialLiabilitiesHeldForTrading"
          xlink:label="altarea_CurrentDerivativeFinancialLiabilitiesHeldForTrading"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CurrentDerivativeFinancialLiabilitiesHeldForTrading"
          xlink:to="label_altarea_CurrentDerivativeFinancialLiabilitiesHeldForTrading"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CurrentDerivativeFinancialLiabilitiesHeldForTrading"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Current derivative financial liabilities held for trading</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_PropertyExpenses"
          xlink:label="altarea_PropertyExpenses"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_PropertyExpenses"
          xlink:to="label_altarea_PropertyExpenses"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_PropertyExpenses"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Property expenses</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_UnrecoverableRentalExpenses"
          xlink:label="altarea_UnrecoverableRentalExpenses"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_UnrecoverableRentalExpenses"
          xlink:to="label_altarea_UnrecoverableRentalExpenses"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_UnrecoverableRentalExpenses"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Unrecoverable rental expenses</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_RentalExpenseReinvoicedToTenants"
          xlink:label="altarea_RentalExpenseReinvoicedToTenants"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_RentalExpenseReinvoicedToTenants"
          xlink:to="label_altarea_RentalExpenseReinvoicedToTenants"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_RentalExpenseReinvoicedToTenants"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Rental expense reinvoiced to tenants</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_RentalExpenseNotReinvoicedToTenants"
          xlink:label="altarea_RentalExpenseNotReinvoicedToTenants"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_RentalExpenseNotReinvoicedToTenants"
          xlink:to="label_altarea_RentalExpenseNotReinvoicedToTenants"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_RentalExpenseNotReinvoicedToTenants"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Rental expense not reinvoiced to tenants</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_OtherDirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome"
          xlink:label="altarea_OtherDirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_OtherDirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome"
          xlink:to="label_altarea_OtherDirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_OtherDirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Other direct operating expense from investment property generating rental income</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_ImpairmentLossOfCustomerRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate"
          xlink:label="altarea_ImpairmentLossOfCustomerRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_ImpairmentLossOfCustomerRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate"
          xlink:to="label_altarea_ImpairmentLossOfCustomerRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_ImpairmentLossOfCustomerRelatedIntangibleAssetsRecognisedAsOfAcquisitionDate"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Impairment loss of customer related intangible assets recognised as of acquisition date</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NetPropertyIncome"
          xlink:label="altarea_NetPropertyIncome"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NetPropertyIncome"
          xlink:to="label_altarea_NetPropertyIncome"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NetPropertyIncome"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Net property income</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_DepreciationAndAmortisationExpenseIncludedInNetOverheadExpense"
          xlink:label="altarea_DepreciationAndAmortisationExpenseIncludedInNetOverheadExpense"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_DepreciationAndAmortisationExpenseIncludedInNetOverheadExpense"
          xlink:to="label_altarea_DepreciationAndAmortisationExpenseIncludedInNetOverheadExpense"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_DepreciationAndAmortisationExpenseIncludedInNetOverheadExpense"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Depreciation and amortisation expense included in net overhead expense</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NetOverheadExpense"
          xlink:label="altarea_NetOverheadExpense"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NetOverheadExpense"
          xlink:to="label_altarea_NetOverheadExpense"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NetOverheadExpense"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Net overhead expense</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_MiscellaneousOtherOperatingIncomeExpense"
          xlink:label="altarea_MiscellaneousOtherOperatingIncomeExpense"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_MiscellaneousOtherOperatingIncomeExpense"
          xlink:to="label_altarea_MiscellaneousOtherOperatingIncomeExpense"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_MiscellaneousOtherOperatingIncomeExpense"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Miscellaneous other operating income expense</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_OtherDepreciationExpense"
          xlink:label="altarea_OtherDepreciationExpense"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_OtherDepreciationExpense"
          xlink:to="label_altarea_OtherDepreciationExpense"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_OtherDepreciationExpense"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Other depreciation expense</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_ImpairmentLossReversalOfImpairmentLossOtherNoncurrentAssets"
          xlink:label="altarea_ImpairmentLossReversalOfImpairmentLossOtherNoncurrentAssets"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_ImpairmentLossReversalOfImpairmentLossOtherNoncurrentAssets"
          xlink:to="label_altarea_ImpairmentLossReversalOfImpairmentLossOtherNoncurrentAssets"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_ImpairmentLossReversalOfImpairmentLossOtherNoncurrentAssets"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Impairment loss reversal of impairment loss other noncurrent assets</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NetChargeToProvisionsForRisksAndContingencies"
          xlink:label="altarea_NetChargeToProvisionsForRisksAndContingencies"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NetChargeToProvisionsForRisksAndContingencies"
          xlink:to="label_altarea_NetChargeToProvisionsForRisksAndContingencies"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NetChargeToProvisionsForRisksAndContingencies"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Net charge to provisions for risks and contingencies</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_ProfitLossFromOperatingActivitiesBeforeShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:label="altarea_ProfitLossFromOperatingActivitiesBeforeShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_ProfitLossFromOperatingActivitiesBeforeShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:to="label_altarea_ProfitLossFromOperatingActivitiesBeforeShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_ProfitLossFromOperatingActivitiesBeforeShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Profit loss from operating activities before share of profit loss of associates and joint ventures accounted for using equity method</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_ProfitLossFromOperatingActivitiesAfterShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:label="altarea_ProfitLossFromOperatingActivitiesAfterShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_ProfitLossFromOperatingActivitiesAfterShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:to="label_altarea_ProfitLossFromOperatingActivitiesAfterShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_ProfitLossFromOperatingActivitiesAfterShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Profit loss from operating activities after share of profit loss of associates and joint ventures accounted for using equity method</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CostOfNetDebt"
          xlink:label="altarea_CostOfNetDebt"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CostOfNetDebt"
          xlink:to="label_altarea_CostOfNetDebt"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CostOfNetDebt"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Cost of net debt</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_CostsOfDebt"
          xlink:label="altarea_CostsOfDebt"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_CostsOfDebt"
          xlink:to="label_altarea_CostsOfDebt"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_CostsOfDebt"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Costs of debt</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_DiscountingOfDebtAndReceivables"
          xlink:label="altarea_DiscountingOfDebtAndReceivables"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_DiscountingOfDebtAndReceivables"
          xlink:to="label_altarea_DiscountingOfDebtAndReceivables"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_DiscountingOfDebtAndReceivables"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Discounting of debt and receivables</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NetGainLossOnDisposalOfInvestments"
          xlink:label="altarea_NetGainLossOnDisposalOfInvestments"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NetGainLossOnDisposalOfInvestments"
          xlink:to="label_altarea_NetGainLossOnDisposalOfInvestments"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NetGainLossOnDisposalOfInvestments"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Net gain loss on disposal of investments</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_AdjustmentsForNetInterestExpenseOrIncomeAndDividends"
          xlink:label="altarea_AdjustmentsForNetInterestExpenseOrIncomeAndDividends"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_AdjustmentsForNetInterestExpenseOrIncomeAndDividends"
          xlink:to="label_altarea_AdjustmentsForNetInterestExpenseOrIncomeAndDividends"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_AdjustmentsForNetInterestExpenseOrIncomeAndDividends"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Adjustments for net interest expense or income and dividends</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_ProfitLossBeforeTaxAndBeforeNetInterestExpenseOrIncome"
          xlink:label="altarea_ProfitLossBeforeTaxAndBeforeNetInterestExpenseOrIncome"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_ProfitLossBeforeTaxAndBeforeNetInterestExpenseOrIncome"
          xlink:to="label_altarea_ProfitLossBeforeTaxAndBeforeNetInterestExpenseOrIncome"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_ProfitLossBeforeTaxAndBeforeNetInterestExpenseOrIncome"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Profit loss before tax and before net interest expense or income</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_DisposalOfNoncurrentAssetsAndReimbursementOfAdvancesAndDownPaymentsNetOfTransactionCosts"
          xlink:label="altarea_DisposalOfNoncurrentAssetsAndReimbursementOfAdvancesAndDownPaymentsNetOfTransactionCosts"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_DisposalOfNoncurrentAssetsAndReimbursementOfAdvancesAndDownPaymentsNetOfTransactionCosts"
          xlink:to="label_altarea_DisposalOfNoncurrentAssetsAndReimbursementOfAdvancesAndDownPaymentsNetOfTransactionCosts"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_DisposalOfNoncurrentAssetsAndReimbursementOfAdvancesAndDownPaymentsNetOfTransactionCosts"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Disposal of noncurrent assets and reimbursement of advances and down payments net of transaction costs</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NetChangeInInvestmentsAndDerivativeFinancialInstruments"
          xlink:label="altarea_NetChangeInInvestmentsAndDerivativeFinancialInstruments"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NetChangeInInvestmentsAndDerivativeFinancialInstruments"
          xlink:to="label_altarea_NetChangeInInvestmentsAndDerivativeFinancialInstruments"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NetChangeInInvestmentsAndDerivativeFinancialInstruments"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Net change in investments and derivative ﬁnancial instruments</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_IssuanceOfDebtAndOtherFinancialLiabilities"
          xlink:label="altarea_IssuanceOfDebtAndOtherFinancialLiabilities"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_IssuanceOfDebtAndOtherFinancialLiabilities"
          xlink:to="label_altarea_IssuanceOfDebtAndOtherFinancialLiabilities"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_IssuanceOfDebtAndOtherFinancialLiabilities"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Issuance of debt and other ﬁnancial liabilities</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_RepaymentOfBorrowingsAndOtherFinancialLiabilities"
          xlink:label="altarea_RepaymentOfBorrowingsAndOtherFinancialLiabilities"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_RepaymentOfBorrowingsAndOtherFinancialLiabilities"
          xlink:to="label_altarea_RepaymentOfBorrowingsAndOtherFinancialLiabilities"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_RepaymentOfBorrowingsAndOtherFinancialLiabilities"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Repayment of borrowings and other ﬁnancial liabilities</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NetInflowsOutflowsInSecurityDepositsAndGuaranteesReceived"
          xlink:label="altarea_NetInflowsOutflowsInSecurityDepositsAndGuaranteesReceived"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NetInflowsOutflowsInSecurityDepositsAndGuaranteesReceived"
          xlink:to="label_altarea_NetInflowsOutflowsInSecurityDepositsAndGuaranteesReceived"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NetInflowsOutflowsInSecurityDepositsAndGuaranteesReceived"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Net inflows outflows in security deposits and guarantees received</label>
        <loc
          xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"
          xlink:label="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"
          xlink:to="label_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"
          xlink:type="arc"/>
        <label
          xlink:label="label_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"
          xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"
          xlink:type="resource"
          xml:lang="en">Cash and Cash equivalent if different from statement of financial position - Period Start</label>
        <label
          xlink:label="label_ifrs-full_CashAndCashEquivalentsIfDifferentFromStatementOfFinancialPosition"
          xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"
          xlink:type="resource"
          xml:lang="en">Cash and Cash equivalent if different from statement of financial position - Period End</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_BankOverdraftsClassifiedAsCashEquivalentsInCashFlowStatements"
          xlink:label="altarea_BankOverdraftsClassifiedAsCashEquivalentsInCashFlowStatements"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_BankOverdraftsClassifiedAsCashEquivalentsInCashFlowStatements"
          xlink:to="label_altarea_BankOverdraftsClassifiedAsCashEquivalentsInCashFlowStatements"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_BankOverdraftsClassifiedAsCashEquivalentsInCashFlowStatements"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Bank Overdrafts Classified As Cash Equivalents In Cash Flow Statements</label>
        <label
          xlink:label="label_altarea_BankOverdraftsClassifiedAsCashEquivalentsInCashFlowStatements"
          xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"
          xlink:type="resource"
          xml:lang="en">Bank Overdrafts Classified As Cash Equivalents In Cash Flow Statements - Period start</label>
        <label
          xlink:label="label_altarea_BankOverdraftsClassifiedAsCashEquivalentsInCashFlowStatements"
          xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"
          xlink:type="resource"
          xml:lang="en">Bank Overdrafts Classified As Cash Equivalents In Cash Flow Statements</label>
        <loc
          xlink:href="https://xbrl.ifrs.org/taxonomy/2022-03-24/full_ifrs/full_ifrs-cor_2022-03-24.xsd#ifrs-full_CashEquivalents"
          xlink:label="ifrs-full_CashEquivalents"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="ifrs-full_CashEquivalents"
          xlink:to="label_ifrs-full_CashEquivalents"
          xlink:type="arc"/>
        <label
          xlink:label="label_ifrs-full_CashEquivalents"
          xlink:role="http://www.xbrl.org/2003/role/periodStartLabel"
          xlink:type="resource"
          xml:lang="en">Cash equivalents - period start</label>
        <label
          xlink:label="label_ifrs-full_CashEquivalents"
          xlink:role="http://www.xbrl.org/2003/role/periodEndLabel"
          xlink:type="resource"
          xml:lang="en">Cash equivalents - period end</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_ReservesAndRetainedEarningMember"
          xlink:label="altarea_ReservesAndRetainedEarningMember"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_ReservesAndRetainedEarningMember"
          xlink:to="label_altarea_ReservesAndRetainedEarningMember"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_ReservesAndRetainedEarningMember"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Reserves And Retained Earning [Member]</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_SignificantEventsAndConsolidationScopeVariation"
          xlink:label="altarea_SignificantEventsAndConsolidationScopeVariation"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_SignificantEventsAndConsolidationScopeVariation"
          xlink:to="label_altarea_SignificantEventsAndConsolidationScopeVariation"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_SignificantEventsAndConsolidationScopeVariation"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Significant Events And Consolidation Scope Variation</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_NetFinancialIndebtednessAndSecurities"
          xlink:label="altarea_NetFinancialIndebtednessAndSecurities"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_NetFinancialIndebtednessAndSecurities"
          xlink:to="label_altarea_NetFinancialIndebtednessAndSecurities"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_NetFinancialIndebtednessAndSecurities"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Net Financial Indebtedness And Securities</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_AssetsAndImpairmentTests"
          xlink:label="altarea_AssetsAndImpairmentTests"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_AssetsAndImpairmentTests"
          xlink:to="label_altarea_AssetsAndImpairmentTests"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_AssetsAndImpairmentTests"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Assets And Impairment Tests</label>
        <loc
          xlink:href="altarea-2024-12-31.xsd#altarea_OperatingWorkingCapitalRequirement"
          xlink:label="altarea_OperatingWorkingCapitalRequirement"
          xlink:type="locator"/>
        <labelArc
          order="1"
          xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label"
          xlink:from="altarea_OperatingWorkingCapitalRequirement"
          xlink:to="label_altarea_OperatingWorkingCapitalRequirement"
          xlink:type="arc"/>
        <label
          xlink:label="label_altarea_OperatingWorkingCapitalRequirement"
          xlink:role="http://www.xbrl.org/2003/role/label"
          xlink:type="resource"
          xml:lang="en">Operating Working Capital Requirement</label>
    </labelLink>
</linkbase>
