Four Seasons to Invest €600M in a New Resort in Marbella

27 September 2018 – Diario Sur

The Four Seasons hotel chain, one of the world’s leading luxury tourism companies, is preparing to make its debut on the Costa del Sol with a resort in which it plans to invest €600 million. Although this will be the brand’s second project in Spain, given that it has been working on the construction of a 22-room hotel in Madrid since last year, this latest initiative is much more ambitious, both in terms of volume and location.

The resort is going to be built on a plot measuring around 400,000 m2 on the beach front and which occupies land on both sides of the A-7 motorway. It is the last plot of its kind that has not been built on yet in one of the most sought-after parts of Marbella, in the Los Monteros area.

The plot is owned by Villa Padierna, which is, in turn, owned by the Málagan businessman Ricardo Arranz, who has teamed up with the US firm Fort Partners for this development and the Brussels-based real estate firm Inmobel. Four Seasons will participate not only in the management of the hotel, it will also lend its name to the whole development, which will include private residences and villas in addition to a 200-room hotel. The complex will also include restaurants operated by international brands, which will make their debuts in Spain with this project.

It is expected that the urban developments will occupy approximately one quarter of the 400,000 m2 land. The project will be developed by the architect Richard Meier and construction work will begin as soon as the execution has been completed of a partial plan that has already been approved, according to explanations from Arranz.

One of the most notable features being planned is a tunnel underneath the road, which will allow the hotel and the homes that are going to be built to the north of the motorway to have sea views. The corresponding permits for that piece of work have already started to be processed.

Arranz highlighted the transcendence that the arrival of a leading brand such as Four Seasons has for Marbella and the Costa del Sol as a whole. It will be the first firm of its standing to operate in Andalucía and it will play an important role in the battle against seasonality given the large portfolio of clients that it enjoys (…).

Original story: Diario Sur (by Héctor Barbotta)

Translation: Carmel Drake

Segro Expands Its Logistics Park In Martorelles

27 April 2017 – Eje Prime

Segro is fuelling its business in Spain. The British investment fund, which specialises in the real estate-logistics sector, has expanded its logistics park in Martorelles, its first development in Spain, to 54,000 m2, according to a statement published by the company.

Segro’s tenant for the majority of the plant will be Amazon, which will occupy 34,000 m2, according to the group. Segro has announced the acquisition of a plot of three hectares, located in the same industrial area of Can Roca, in Martorelles. The company will allocate that land to the development of another 20,000 m2 for logistics warehouses.

The park is strategically located by the northern entrance to Barcelona, close to the A-7 motorway and just 15km away from the city centre. The project has been designed and constructed as a logistics facility, with loading capacity on both sides, and a high degree of flexibility in terms of its uses.

Since Segro began its activity in Spain in September 2015, it has acquired a logistics park measuring 16,000 m2 in Coslada (Madrid), in March 2016, another space spanning 50,000 m2 in Castellar del Vallès in September last year, and the new plot that it has recently acquired in Martorelles. In total, Segro’s portfolio contains 120,000 m2 of land (…) in Spain.

Original story: Eje Prime

Translation: Carmel Drake