La Zagaleta in Benahavís (Málaga), considered the most exclusive residential estate in Europe, plans to export its formula to other countries. The development firm that owns the private estate has recently appointed a new president, German Oswald Grübel, the former CEO of two of the most important Swiss banks, UBS and Crédit Suisse. He has taken over from La Zagaleta’s founder, Enrique Pérez Flores, who, at the age of 90, will become honorary president.
The new La Zagaleta project aims not only to establish the estate’s position as the most exclusive place to live on the continent, but also to branch out internationally.
The possibility of investing in projects in Greece, Turkey and Germany is being studied said sources from the firm, who stressed that their financial situation, with profits and no debts, puts them in an optimum position to grow.
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