- More than €21 million to be invested
- 700 direct and indirect jobs to be created
- 48 apartments and 55 houses to be constructed over next 5 years
Taylor Wimpey Spain, a subsidiary of property developer Taylor Wimpey PLC (a listed company in the UK FTSE 100) and La Cala Resort, the company behind the prestigious complex of three golf courses and hotels in Mijas owned by FBD (the publicly traded Irish insurance company), have signed a long-term partnership that will allow them to develop 48 apartments and 55 houses over the next five years, with a total estimated investment of €21 million.
The partnership seals La Cala Resort’s position in the Costa del Sol, not just as a golf destination but also as one of the most attractive places for international tourist to visit and reside. The three excellent 18 hole golf courses, the exclusive hotel and four-star spa and the prime location just 30 minutes from Malaga airport, provide the perfect setting for capturing the growing European demand for second homes on the Costa del Sol.
Taylor Wimpey and La Cala Resort began working together in 2014, with the development of Miraval – a complex of 60 luxury apartments overlooking the golf course and sea. After 12 months of activity, more than 50% of Miraval’s properties had been purchased. In fact, the resort proved so popular that work was accelerated in order to provider owners with their new homes earlier in 2016.
This high level of interest from overseas buyers has prompted both companies to enhance and extend their working relationship. Thus January 2016 will see work begin simultaneously on a new complex of 55 townhouses and one of 48 apartments. The two developments will involve a total investment of €21 million over the coming five years.
A British company with a passion for Spain
Taylor Wimpey is an international developer, with its roots in the UK. Listed on the London Stock Exchange, it is a FTSE Top 100 company and one of the largest construction companies in the UK. During 2014, Taylor Wimpey delivered more than 12,000 homes. It has over 4,000 employees in the UK and Spain.
Taylor Wimpey España has operated in Spain since 1958, constructing prestigious real estate developments in popular areas such as the Balearic Islands, the Costa Blanca and the Costa del Sol. The company is known for its sustainable approach and respect for both the environment and the local communities in which it operates.
Taylor Wimpey España delivered a total of 220 homes in Spain during 2014.
Taylor Wimpey España’s long-standing experience of purchasing land and developing property in Spain means the company is confident in its latest Costa del Sol plans, which are attuned with its aims of building to improve its clients’ quality of life and providing added value to their properties.
Through this value-driven approach, Taylor Wimpey España is about more than just building successful housing: the company focuses on providing homes that enhance clients’ quality of life, provide top notch facilities in an attractive environment and offer the best locations and settings. Their approach is to add social, economic and environmental value in every community in which they work.
Quality, reliable services
Taylor Wimpey España is governed by three principles: construction quality, buyer confidence and first-class service delivery.
The 60 apartments under construction at Miraval will form a private, gated community with swimming pool and communal gardens. The two and three bedroom apartments feature two bathrooms, storage areas and underground parking. As Taylor Wimpey España homes, they enjoy superior construction quality and facilities, including air conditioning and heating systems, cream marble flooring in the living room and selected bedrooms, high-end sliding windows with safety glass leading to all terraces and well appointed, fully equipped kitchens.
Miraval’s apartments have been designed to optimize space and light, with large, open place living areas leading onto terraces surrounded by safety glass railings.
For more information, please contact La Cala Resort today on +34 952 669 027 or visit Miraval New Properties.