The Company That Gave Us The World’s Largest Outdoor Swimming Pool Set to Dive Into First European Project.

 

Crystal Lagoons project will be a fantastic for the whole Costa del sol.

Crystal Lagoons, the real estate giant that gave Chile a pool over 11 football pitches wide, is bringing something similar to Casares in the Costa del Sol. 

They plan on constructing a €121 million luxury resort complete with the largest pool in Spain and  Europe, surrounded by 450 homes.

The Alcazaba Hills Laggon will measure a hectare and a half and will be a great destination for swimmers and other watersports in Spain.

It’s going to take an estimated eight months to build. The site has now been closed and, at one point, was going to become the Spanish Themed park of Disneyland.

There are plans to build another 350 properties as well as make use of an unsold 100 properties that have been there since 2009.

The plans bring some optimism back to the formally abandoned development and will target wealthy European tourists, especially those in Britain, Germany, Scandinavian and Dutch countries.

The regional director of Crystal Lagoons, Sebastian Pillado, says that Crystal Lagoons can use their technology to create the beach lifestyle anywhere in the world and has the potential to bring life and hope too many unsold and empty projects.

The property landscapes in Estepona, Mijas and Property-for-sale-Marbella has had a magnificent year so far with €376 million in investments scheduled so far.

This is great news for southern Spain and the Costa del Sol as property for sale along the coast as turned a corner and the coming years look very exciting if your a property investor to say the least.

Go-Ahead to Build Largest Leisure Park in Andalucía Given by Torremolinos

Go-Ahead to Build Largest Leisure Themed Park in Andalucía Given by Torremolinos.

Leisure park to be built near the Torremolinos water Park

Torremolinos council gave the green light to build the largest leisure park in Andalucía this past Tuesday when the town planning regulations (PGOU) received almost unanimous approval.

The giant leisure park will be built and developed by Intu Properties and will house shops, restaurants in Spain, a dry ski slope, and a large pool with surf waves. The area chosen to host the park is the area between the Palacio de Congresos and the motorway.

The leisure park project is expected to receive direct investments of up to 650 million euros. It is also expected to receive another 550 million euros through indirect investments. The construction of the park will open up 4,000 new jobs, with a further 3,000 jobs created through indirect employment.

This brand new leisure and shopping complex also gives good news for the Torremolinos council. The council is expected to receive 20 million euros from Intu Properties through the building license and other related fees. This is equal to roughly one fifth of the entire annual budget for the town. The park is also expected to generate 3 million euros through property taxes.

The park was part of the new planning regulations that were approved last Tuesday. All parties involved except for Izquierda Unida because if environmental concerns,  voted in favour of the new PGOU. This marks the first time in 20 years the opposition parties voted in favour of a new PGOU. The vote also finally ended the decade long planning stalemate the town had been suffering through.

The new PGOU includes more than just the park. The town centre will be pedestrianised, and cycle lanes and a river park will be constructed. The plan is to also create more green areas overall. Torremolinos also has plans to improve and enhance their Sierra.