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Tag: Investments

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Published on 1 Comment on British fund to invest 25 million euros in five luxury villas in Marbella

The London-based British fund Pacific Investments has announced plans to invest 25 million euros in the construction of a complex of luxury villas in the Sierra Blanca area of Marbella.

Marbella Sierra de las Nieves 300x225 - British fund to invest 25 million euros in five luxury villas in MarbellaThe exclusive project is aimed at a privileged few, buyers with very high purchasing power; there will only be five properties in total, and the price is expected to be around seven million euros each.

The complex, which was launched by the director de Pacific Investments, Mark Johnson, and the head of Penna Properties Partners in Marbella, Christopher Penna, has been designed by the Torras y Sierra architecture studio, which also designed the Finca Cortesín hotel.

The construction of the villas will begin as soon as the council has issued the works licence – this should be done within the next few weeks, they say – and the site chosen for the exclusive development is the area known as Cascadas de Canoján, in the upper part of Sierra Blanca.
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Published on Leave a comment on Seven out of ten properties sold to foreigners in Andalucía are located in Málaga province

The Costa del Sol is still the number one choice in Andalucía by a long way when it comes to attracting foreign property buyers.

Fotolia 114355057 S - Seven out of ten properties sold to foreigners in Andalucía are located in Málaga provinceBetween January and July this year, there were 4,978 registered real estate transactions to non-Spanish purchasers in Malaga province, an increase of 16.9% on the same period in 2015.

According to official Spanish government data, this accounts for 70% of the residential properties sold to foreigners throughout the whole of Andalucía.

On a regional level, the number of properties bought by foreigners in Andalucía increased by 18.9% in the first six months of this year. The 5,973 transactions in the same period in 2015 rose to 7,105 sales in 2016.
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Published on Leave a comment on Luxury property sector in Marbella attracts 100 million euros

Marbella continues to attract international property investment. The investment fund Resolution Property has returned to the town after ten years’ absence to invest in luxury properties in the resort.

Marbella 1 300x199 - Luxury property sector in Marbella attracts 100 million eurosThe fund also plans to source investment opportunities in sectors such as services, retail, hotel and holiday rentals. The fund’s assets will be managed by Rhone Property, an investment fund management company with a track record of experience in Marbella.

Two companies make up the capital behind the fund: the British Resolution Property and the Swiss Be Capital. Each brings 50 per cent of the total capital to the fund and will carry out the investment via Investis Properties.

This company already owns an extensive portfolio of assets in Marbella and these have a value in excess of 50 million euros. The volume of investment will allow the company to become a REIT (real estate investment trust - SOCIMIin Spanish) and therefore place Marbella on the alternative stock market in Spain.
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Published on Leave a comment on Marbella is to get a new luxury hotel complex on the beach

Marbella is to get a new luxury hotel complex right on the beach.

Marbella 3 300x128 - Marbella is to get a new luxury hotel complex on the beachThe Platinum Estates group, an investment fund based in Hong Kong, has just acquired 170,000 square metres of land on the coastal strip of Las Chapas which is situated right next to an area of sand dunes which is one of the most important natural spaces in the town.

The land purchase, which includes 600 metres of beach frontage, cost 50 millon euros and the investment fund has budgeted a further 150 million euros into the hotel project.
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Published on Leave a comment on For Sale: 5 Properties Under €95,000 in Orihuela Costa, Alicante!

1. Apartment for sale in Orihuela Costa: 1 bedroom, 1 bathroom, Built area 46m2, Second Hand, €68,800

2162 apartment in Orihuela - For Sale: 5 Properties Under €95,000 in Orihuela Costa, Alicante!

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