Taylor Wimpey España and La Cala Resort, the company behind the prestigious complex of three golf courses and hotels in Mijas owned by FBD, have signed a long-term partnership that will allow them to develop 48 apartments and 55 houses over the next five years, with a total estimated investment of €21 million.
The partnership seals La Cala Resort’s position in the Costa del Sol, not just as a golf destination but also as one of the most attractive places for international tourist to visit and reside. The three excellent 18 hole golf courses, the exclusive hotel and four-star spa, and the prime location just 30 minutes from Malaga airport provide the perfect setting for capturing the growing European demand for second homes on the Costa del Sol.
Taylor Wimpey and La Cala Resort began working together in 2014, with the development of Miraval – a complex of 60 luxury apartments overlooking the golf course and sea. After 12 months of activity, more than 50% of Miraval’s properties had been purchased. In fact, the resort proved so popular that work was accelerated in order to provider owners with their new homes earlier in 2016.
This high level of interest from overseas buyers has prompted both companies to enhance and extend their working relationship. Thus January 2016 will see work begin simultaneously on a new complex of 55 townhouses and one of 48 apartments. The two developments will involve a total investment of €21 million over the coming five years.
Taylor Wimpey España’s long-standing experience of purchasing land and developing property in Spain means the company is confident in its latest Costa del Sol plans, which are attuned with its aims of building to improve its clients’ quality of life and providing added value to their properties. Indeed, the company delivered a total of 220 homes in Spain during 2014.
The 60 apartments under construction at Miraval will form a private, gated community with swimming pool and communal gardens. The two and three bedroom apartments feature two bathrooms, storage areas and underground parking.
Both Malaga and the Costa del Sol have flourished during Taylor Wimpey España’s time there. The company is currently developing luxury second homes in several major areas of the Costa del Sol, Marbella, Mijas, Benahavis, Estepona and Ojen, totalling more than 500 residential units spread across seven key locations.
Source:: The Movechannel