Les Rivages to Invest €12M in 55 Luxury Homes in Almuñécar
10 April 2019 – Eje Prime
The French property developer Les Rivages is planning to invest €12 million in the construction of 55 beachfront homes in Almuñécar (Granada). The building work will begin after the summer and the homes, which will each have between 2 and 3 bedrooms (one will have 4 bedrooms) and a terrace spanning between 30m2 and 40m2, are expected to be ready within less than a year.
This represents Les Rivages’s first venture outside of Estepona (Málaga) and the company specialising in luxury coastal second homes is reportedly planning more projects in the area.
The French firm made its Spanish debut in Estepona in 2015 with the construction of 12 luxury beachfront apartments in the Guadalobón area, which had sales prices of between €1 million and €1.3 million.
Original story: Eje Prime (by Marta Casado Pla)
Translation/Summary: Carmel Drake