20 August 2015 – Málaga Hoy
Grupo Insur, has acquired 2 residential plots of land in Marbella, through its subsidiary IDS Residencial Los Monteros, whereby expanding its presence in the capital of the Costa del Sol.
The plots of land are located in the ‘Urbanización Altos de los Monteros’ (pictured above), which is known for having a low building density, but lots of villas. It is located in the north east of a prestigious enclave, surrounded by the Río Real and Santa Clara golf courses, as well as by green areas. The maximum permitted buildability of these plots exceeds 50,000 m2 (covered area) and the permitted building type is “Mediterranean town” (i.e. attractive, white-washed, low-rise houses).
Grupo Insur has plans to develop an attractive residential project on these plots, aimed primarily at the international market. The first developments are expected to begin in 2016.
In addition, the group is currently promoting and constructing four developments in Marbella – three in the popular Urbanización Los Naranjos de Marbella containing 67 homes; and a fourth, containing 44 homes, in La Cerquilla de Banús, known as Alminar de Marbella.
Original story: Málaga Hoy
Translation: Carmel Drake
Source:: AURA Real Estate Experts