Both companies sign a strategic alliance that will involve the development of more than 600 homes in the next 10 years. This new joint project will involve an investment of approximately 125 million euros.
The Spanish subsidiary of British developer Taylor Wimpey Plc and the Irish hotel chain FBD Hotels and Resorts have signed a strategic alliance for the development of more than 600 homes in the next ten years, with an expected investment of over € 125,000,000.
The collaboration between Taylor Wimpey España and the hotel chain FBD Hotels and Resorts, managed by La Cala Resort, took its first steps in 2014. As a result of this synergy, in 2016 Taylor Wimpey Spain delivered the first residential, called MIRAVAL, of 60 apartments with a contemporary style. It is currently promoting the HORIZON GOLF project consisting of 48 apartments and 55 townhouses, some of which will be delivered this year and the rest will be delivered to their owners in 2018.
La Cala Resort is known to be consolidated as a golf destination and gateway break in Spain, with 3 golf courses of 18 holes, an exclusive four star hotel with 107 rooms and a spa of 1,300 m2, tennis courts, Paddle tennis, squash and soccer field. With this new alliance, it is at the forefront of international residential tourism, with one of the best and most varied residential housing in low density complex with panoramic views of golf, sea and mountain, and only 30 Minutes from Malaga airport.
The complex brings together the best features demanded by the European public: not only for golf lovers but also for those who want to live in an environmentally friendly environment, with roads and gardens in perfect condition and permanent security service. It is as well ideal for proximity as it is only 5 kilometers from the urban center and the beaches of Mijas Costa.
In presenting this agreement, David Kelly President at FBD Hotels and Resorts commented: “The continued development of La Cala Resort demonstrates not only a growing demand for properties in the south of Spain, but also its strength and appeal. Our joint venture with trustworthy partner Taylor Wimpey allows us to take advantage of this renewed interest by building modern and state-of-the-art housing for buyers looking for a second home in one of Spain’s most sought-after regions.”
Meanwhile, Javier Ballester CEO at Taylor Wimpey Spain said: “In response to the demand from European buyers, we are delighted to present this new performance at La Cala Resort, which has become our new residential project of Golf on the Costa del Sol.”
Ballester also commented on the growth experienced by the company in 2016 and the current forecast. “We have made significant progress in the Spanish market last year with 304 new homes built. Sales during the first half of 2017 have been very positive and we expect to continue the same throughout the summer of 2017. Overall, the outlook for the year is very positive. We see in FBD Hotel & Resorts a strategic partner and the signing of our fourth collaboration is further evidence of renewed confidence in the real estate market in southern Spain, “he said.
Uniqueness of Horizon Golf
The Horizon Golf project offers two housing formats to choose from. On one side, houses of more than 300 m2 with three bedrooms and two bathrooms, plus 90 m2 of terraces and solarium distributed on four floors, with the option of private elevator installation for easy access from the private underground parking to the panoramic solarium.On the other hand, the spacious two and three bedroom apartments and penthouses with landscaped lounges give to spacious terraces of more than 30 m2. The penthouses are spacious duplex with solarium of more than 65 m2.
Both types enjoy energy rating B and are delivered fully equipped to enter to live with the best qualities of the market to the taste of the demanding international client today. The semi-detached houses are currently sold from € 399,000 and apartments from € 280,000. The residential is in the phase of completion and already has fully furnished pilot homes available to view any day of the week. The sales office is located in the Resort Club House. The delivery of housing will be carried out in various phases during the year 2018.
