THE Basque investment group Gailur Taldea plans to invest €40 million on 27 luxury apartments on the Golden Mile in Marbella.
Investors want construction to begin this year and the sale prices will range from €1 million to €3 million per apartment.
There will be three blocks of nine apartments each to be built on a plot of 9,000 square metres, while 50 per cent of the land will be reserved for green areas and private recreation.
The closed community will have 24 hour security, spa, private and community pools, a gym, and areas to relax.
Although a draft plan is at an advanced stage, the project is still pending the final approval of the council.
Sergio Fernandez, Director of the project for Gailur Taldea, said the proposals are “of the highest quality, adapted to the latest trends and technologies, and made to satisfy the most demanding buyers.”
In addition, the exclusive market has seen Russians, Saudi Arabians and British joined by Central Europeans, Scandinavians, and the Spanish themselves.
Fernandez added that investors are seeking “modern and luxurious buildings with large outdoor areas, exclusive community services with strong security and privacy in a strategic location.”
He pointed out that the site is one of the few plots available near the beach and overlooking La Concha.