Taylor Wimpey España – the Spanish arm of British home builder Taylor Wimpey Plc – and the Irish hotel and resort promoter FBD, are reportedly planning to invest €125 million over the next ten years in La Cala Resort (Mijas Costa, Costa del Sol, Malaga, Andalusia), developing more than 600 homes, a four star hotel with sports facilities and spa, and 3 eighteen hole golf courses.
WORK to some houses on a 600-property development in La Cala de Mijas are expected to be completed within months, according to organisers.
The project, which is backed by British developer, Taylor Wimpey Plc, and La Cala Golf, will see the existing golf course turned into the biggest housing development in Andalucia over the next 10 years.
The prospect of retiring to the playas of Spain has always been attractive to British citizens. In terms of location, Spanish leading homebuilder Taylor Wimpey Espana notes that the coastal province of Malaga on the Costa del Sol is the most popular location for older buyers: 50% of totals sales come from British buyers.
FBD Hotels and Resorts has agreed a €100 million joint venture with Taylor Wimpey to expand its golf resort on Spain’s Costa del Sol.
The agreement will result in Taylor Wimpey, the construction company, building 280 houses and apartments at the Irish-owned 1,000-acre golf resort in the Spanish province of Málaga.
The agreement is the fourth such joint venture agreement between the two companies at the La Cala Golf Resort.
Housebuilder Taylor Wimpey Spain comments: “We have witnessed the marked growth of those of retirement age choosing to relocate. We now receive more the double the number of enquiries from this demographic than we did 10 years ago, a trend which the ONS data also reflects.
A number of the Mallorca’s top golf courses – and marinas – are in the Santa Ponsa and Puerto de Andratx area, just 25 minutes from Palma on the island’s more expensive west coast. These include Golf Santa Ponsa I, II and III, Golf de Andratx, Golf de Poniente and Bendinat Golf. Here, one more affordable new development – relative to the location – is Serenity in Nova Santa Ponsa, located next to Golf Santa Ponsa III
Indeed, more than 4,000 happy clients can testify their satisfaction, with 98 per cent stating that they would buy again from Taylor Wimpey España.
“By involving the team that have worked firsthand on the sites and know the areas inside out, the naming of Taylor Wimpey España developments has become very personal and speaks volumes for the feel of the homes on sale,”
Ana Garcia Maldonado is leading Spanish developer Taylor Wimpey España’s highly experienced head of interior design who has worked independently with developers for almost 15 years.
Interest in Spanish real estate from Northern Europe has steadily increased in recent months, as the country’s sunny southern coast draws in investors from colder, cloudier climates. Indeed Swedish buyers are now among the top 3 nationalities of foreign purchasers, according to the latest data from leading Spanish homebuilder Taylor Wimpey España.
That’s the commitment made by Taylor Wimpey España, the Spanish arm of one of the UK’s leading and most trusted housebuilders, established almost 60 years ago in 1958.