Swedish Firm Quartiers Finalises the Opening of a Luxury Hotel in Marbella

16 April 2019 -Idealista

The Swedish property developer Quartiers Properties is developing a luxury hotel in Marbella. The company, which is listed on the Nasdaq First North stock market in Stockholm, purchased the hotel complex, which is located 200m from the beach, very close to Puerto Banús, in 2017.

Quartiers is going to invest around €8.6 million in the renovation and development of the 5-star hotel, which will be called Boho Club and which will have 50 rooms as well as a restaurant led by the Michelin-starred chef Diego del Río. The restaurant will be inaugurated this summer, whilst the hotel will open its doors at the end of the year.

This is not the only asset that Quartiers Properties owns in Spain. It also has the Hacienda del Señorío de Cifuentes, a complex located in Benahavís (also in Málaga), which comprises 99 rental apartments for vacation and residential use. Nearby it has built another 22 apartments (22 by Quartiers) and next door to that, it owns land for the development of another 60 homes. It is also working on the construction of two luxury villas, both on the Costa del Sol.

Original story: Idealista (by Ana P. Alarcos & P. Martínez-Almeida)

Translation/Summary: Carmel Drake

The Seven: Sotogrande Unveils Its Latest Ultra-Luxury Villas

11 April 2017 – Cinco Días

Unless you have €5,000 a month to spent on the service charge, then these exclusive villas are not for you. In fact, they are a concept that has rarely been seen anywhere in the world: a residential development comprising seven homes, each of which is going to be designed by an internationally-renowned architect, in a natural setting designed by a famous landscaper. The development is called The Seven. And it is the latest ultra-luxury initiative in Sotogrande, San Roque (Cádiz).

Sotogrande is undergoing a complete transformation. Established in 1962 by the millionaire Joseph Rafael McMicking, a businessman of Filipino origin, it quickly became one of the poles of attraction for domestic and overseas millionaires alike. Following the purchase from NH Hoteles in 2014 by the funds Cerberus and Orion, for €225 million, the management company has spent a while reflecting on what this urban complex in the Mediterranean should look like in the future. And the answer came from the past. “When you look at the history of Sotogrande, everything revolves around exclusivity and quality”, explains Marc Topiol, CEO of the company. (…).

The villas will crown a small outcrop in one of the highest areas of Sotogrande, with views over the sea, in the closed reservation of La Reserva, spanning 467 hectares. Construction of these dream homes, in the middle of this natural setting, will begin this year, with the aim of selling the properties by 2020.

The company has chosen seven internationally renowned architects to integrate their designs into The Seven (…).

A home in The Seven will cost between €14 million and €18 million. Each property will have a surface area of between 1,800 m2 and 2,400 m2, with the main bedroom measuring more than 120 m2. All of the homes will be equipped with everything a millionaire could wish for: a private spa, indoor and outdoor swimming pools, a cinema and gym. “We will take care of everything. From paying bills to maintaining the garden and the home, opening up the home when the owner so requests, daily room service, chef, shopping, cleaning, restaurant reservations, transport, it will be live living in a hotel”, says Topiol. All for €5,000 per month (excluding extras).

In addition, residents will enjoy use of the shared facilities that Sotogrande has designed for La Reserva: a spa resort, one of the largest navigable lakes in Europe, tennis courts, golf, an artificial beach, a beach club….in an investment made by the company amounting to €40 million. Not to mention the well-known facilities at the urban complex, such as the Santa María Polo Club, horse riding facilities, the port and the famous golf courses, such as Valderrama and Real Club de Sotogrande. (…).

Original story: Cinco Días (by Alfonso Simón Ruiz)

Translation: Carmel Drake

Estepona Receives 287 Million In Luxury Real Estate Investments

3 February 2016 – ABC

Real estate in Estepona is flatly taking off. Investment property in luxury homes recorded consitently upward figures. “The euro is too low and that makes the British and the Nordic countries, which have the most valued currency, have raised their purchasing power by 20 percent,” Eddie Martinez, representative of Siesta Home, one of the companies that is considering investing in that town of Málaga, comments to ABC.  The City Council has received requests for construction of five maximum level residential properties that can exceed 287-million-euro investment. These are luxury constructions aimed at a customer with a high purchasing power and mainly coming from northern Europe countries.

So far, there are three promoters that have started their business and that are selling villas and luxury apartments on the ground. “Panoramia” from the Company Ikasa expects to build 400 homes in lands of the city with a progressive investment of 205 million euros during the coming years. In a first step, the company has already planned the building of the first 74 residences in the Park of Las Mesas. It is an exclusive area of ​​126,000 square meters, whose main attractive is to offer a place for both rest and longer stays.

As reported by the company, the complex will be equipped with an area of ​​large commercial centers, gardens, sports facilities, school and institute. A place that is not only intended to spend holidays or retiring, but also to build a life in the area. “Estepona ensures the greater appreciation of real estate investment on the entire Costa del Sol” says Haryán Rodriguez, CEO of Ikasa, who affirms that “the latest political developments in the neighboring towns make their recovery and growth rate double that of the rest of the coast”.

Under this revaluation Siesta Home is also making a strong commitment with urban development in the city. The company, of Scandinavian origin, is building luxury villas at 150 meters from the beach. This is a promotion of 52 mansions in “Sunset Bay Village”. The investment will be around EUR 50 million and will be a residential complex with private security and clubhouse for proprietors.

According to the promoter, the prices of these houses will start from 695,000 euros. “It is a combination of cultures,” says Eddie Martinez. The company seeks to build on this coastal enclave a residential complex that combines modern buildings with the Mediterranean vision of Estepona. “The views of the complex are also a mix of cultures with the appearance of the Strait of Gibraltar and the African coast,” emphasizes Martinez.

With the arrival of the new year, the municipality has given the green light to another housing investment. It is an enclosed  luxury complex with paddle courts, putt-green and facilities such as gym or spa. It is a complex of 123 homes with an investment of around 32 million euros in the area of El Marqués de Guadalmina. The properties are located within a privileged enclave, with direct access from the highway and the proximity to the sea or the Benahavis mountains. Zahira Group has already begun marketing these products with prices ranging from 139,000 euros to 417,000 euros per residence. On the other hand, in the area of Guadalobón, 50 luxury villas have already been planned.

Original story: ABC (by J.J. Madueño)

Translation: Aura Ree