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| East Marbella Beach area |
Marbella is developing a new luxury beachfront property resort Costa del Sol.
January this year saw new plans drawn up to construct a new 5 star luxury development. The Platinum Estates Group (a Hong Kong-based investment conglomerate) has purchased 170,000 square meters of prime beachfront land in Las Chapas just to the east of central Marbella. A proposal of a luxury development including and 120 top of the range Luxury villas and property in Costa del Sol and 5 star hotel has been projected.
Headed
by Indian businessman Roshni Mohinani, Platinum Estates main market is property
marketing and construction and although the majority of its operations are
centered mostly in Hong Kong and the United Kingdom, this will be their 6th project
in Spain, where a considerable property investment portfolio incorporates
property located in the main cities of Barcelona and Madrid.
The
land purchase in Marbella is said to have come to around the figure of €50
million, with an additional €150 million to be incorporated into the development
of the resort which, as indicated by Platinum Estates' Partner, Juan Luis
Segalerva, will be promoted as one of the most highly luxurious projects in
Spain.
The
development will be styled with a Mediterranean element of design starting with
the 5 star hotel with a 200 room capacity, not forgetting its independent
luxury villas. The project also includes a private beach club, exclusive
restaurants and high brand retail outlets.
This
is great news for the Costa del Sol and east of Marbella. East Marbella has some of the nicest beaches in Spain in Spain and the whole project is welcome addition to the area.
