The company is starting to develop an apartment complex on a 45.75-acre plot purchased in the neighborhood of the world-famous resort of Marbella.
This is the company’s third investment in real estate projects in Spain – Realco is already developing two luxury villa projects on plots purchased in 2023 on the coast of Costa del Sol, one of the most expensive areas of Marbella.
“Recently, the real estate market throughout Spain and especially in its area known as the “golden triangle” between Marbella and Estepona has become increasingly active. More and more residents, not only from other countries, but also from Lithuania, are looking for housing here for vacation or temporary living. Our target audience is buyers who are looking for new, quality built and equipped, ergonomically designed apartments for recreation or temporary living”, comments J. Dovidonis, manager of Realco.
About 20 apartments with an area of up to 100 square meters are planned to be built on the plot. meters, complex. It is estimated that the price of one apartment will be around 500 thousand. euros.
The territory of the apartment complex will have a large outdoor swimming pool for its residents only, as well as stylish green and recreation areas.
The plot on which the complex is being developed is a little more than one kilometer away from the sea. There are golf courses and a lake nearby. In the neighborhood is the luxury villa block “Los Flamingos” with the famous hotel “Villa Padierna Palace”, where the first lady of the United States Michelle Obama stayed.
Construction and pre-sales of apartments are scheduled to start in 2025. in May, the project is planned to be completed by 2026. the end
Realco is already developing two luxury villa complexes near the site where the apartment complex is planned. In the first, “The Palms Marbella”, the construction of three villas-residences of exceptional area and design and particularly luxurious (luxury) residences has already started in March of this year on a 35-acre plot.
In each 700 sq. meters, the villa will have 5-6 bedrooms and 6-7 bathrooms, as well as terraces with a summer kitchen, a dining area and a space to spend time near the pool. The construction of this project is planned to be completed in 2025. in June, the price of one villa will start from 6.5 million. euros.
On another plot of 105 acres, the company will offer buyers 11 premium villas, each with an area of regarding 400 square meters. meters. It is planned that one such villa will cost regarding 2.3 million. euros. At the moment, an application for a building permit has been submitted, and the design work of the complex is underway. Construction should begin in 2024. in April, and the work is planned to be completed in 2025. in October
#Realco #completes #portfolio #real #estate #projects #build #apartments #Spain #Business
2024-04-10 10:50:36