FBD Property & Leisure Limited (“FBDPLL”), the Joint Venture owned by FBD Holdings plc and Farmer
Business Developments plc, announces a Joint Venture (JV) with Taylor Wimpey Spain (TW), the Spanish
Subsidiary of Taylor Wimpey plc, to develop a key apartment site at its La Cala Resort in Southern Spain.
The development will consist of 60 luxury apartments with an estimated gross value of € 17.5 million. Construction is planned to begin in the Autumn with the first apartments to be handed over in Summer
2016. Sales have been launched today from the plans.
David Kelly, CEO of FBDPLL, commented “we are delighted to be teaming up with Taylor Wimpey for this
latest stage of our development at our La Cala Resort. Taylor Wimpey is renowned for its top quality
construction and design. This coupled with the reputation of La Cala as a top class destination in Southern
Spain, we feel will be a winning partnership. Demand for homes at La Cala is strong and the recovery in
Spain has definitely begun”.
Javier Ballester, CEO of TW Spain, commented “the JV with FBDPLL at La Cala Resort is the latest stage of
our growth strategy in the Spanish market. La Cala with its top class golf and leisure facilities offers a very attractive destination for 2nd home buyers. We are very confident in the Spanish market going forward and are moving ahead with the development of a number of our Spanish sites.’’
For information contact:
La Cala Resort Property Sales Office.
Phone: +34 952 669 027 – Email: firstname.lastname@example.org – Web: www.lacala.com
About La Cala Resort
La Cala Resort is the biggest golf resort in Spain and offers 3 golf courses plus an executive par 3 course, a
107 bedroom 4 star superior hotel and top class leisure facilities including a UEFA approved soccer facility.
The property offering at La Cala includes apartments, townhouses and villas plus villa plots.
About FBD Property & Leisure Limited
FBD Property & Leisure Limited (“FBDPLL”) is headquartered in Ireland and is owned 50/50 by FBD Holdings
plc and Farmer Business Developments plc. FBDPLL has a quality portfolio of four hotels in Ireland,
including the 2014 AA Hotel of the Year, Castleknock Hotel & Country Club, and two destination resorts in
Southern Spain, La Cala Resort and Sunset Beach Club.