Jamsa Allies Itself with British Fund to Develop Housing on Costa del Sol

6 February 2019

Two of the four plots are already available to potential buyers. Azalea, for example, offers housing blocks with 84 flats and ten luxury townhouses.

The Spanish property market is continuing to attract foreign capital. Proof of this is a new alliance between the construction company Jamsa and an investment fund. The companies have created a joint venture to develop housing on the Costa del Sol, according to El Confidencial. The joint venture’s first project is Jardinana, with more than 350 properties divided between four different plots, two of which are already available to buyers.

The first of these is Azalea, which is already completed. The development has 84 flats and ten luxury homes. The other available plot is Lotus, which comprises two- to three-bedroom flats with terraces. Buyers have already reserved 90% of the available flats since its launch in 2017.

The Jamsa Group has already built more than 10,000 homes, betting mainly on the Costa del Sol. The group currently has more than 500 new homes in ten different developments in the area.

Original Story: EjePrime

Translation: Richard Turner

 

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