Breaking news! Luxury property developer –Zagaleta Limited– owner of La Zagaleta luxury residential and golf estate in Benahavis (just outside Marbella on the Costa del Sol), has just announced that they are the new owners of the Valderrama Group. The Valderrama Group is the owner of the equally prestigious, world famous Real Club de Golf Valderrama in Sotogrande – considered to be the number one course in Spain, and amongst the best in the world. The deal also gives Zagaleta Limited control of the iconic trademark and ownership of Valderrama 2 – a brand new luxury residential property development project in Castellar (Cadiz).
The takeover unites two of Southern Spain’s most distinguished companies, and will see La Zagaleta Group invest 240 million euros into the new project over the next 10 years. The development will include a new championship standard golf course designed by a leading landscape architect. The new project covers 200 hectares and will be developed in accordance with the same high standards of quality, privacy, and security, which have been applied to La Zagaleta’s residences and services over the last 25 years.
Jacobo Cestino – Managing Director of La Zagaleta Group in Spain – explains, “This transaction confirms our position at the forefront of the high end luxury property market, as well as connecting us to one of the world’s most prestigious golf brands.” He went on to confirm that they haven’t ruled out the acquisition of further lifestyle and luxury brands in the medium term.
La Zagaleta is one of the most coveted addresses in Spain. There are 230 luxury estates ranging from 3000m2 to 10000m2 starting at an eye watering 5 million euros! If you have not previously heard of La Zagaleta, you may well be more familiar with some of the famous names who are rumoured to visit and who own estates within the development; such as Hugh Grant, and even the Mayor of Moscow. One of the attractions of this exclusive enclave is the high level of privacy, which is why it’s so popular amongst the rich and famous, international celebrities, and royals.
Apart from the fact that this heralds the arrival of a brand new championship golf course and high quality development, it is also a clear signal that confidence in the Spanish property has returned –in abundance.
If you are interested in luxury property for sale in Marbella, or golf property on the Costa del Sol, contact info@bromleyestatesmarbella.com for more information.
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