Costa del Sol housing development to receive €250 million investment
Currencies Direct December 14th 2016 - < 1 minute read
A luxury housing development on the Costa del Sol is to receive an investment of €250 million (£208.7 million).
The Palo Alto 75 project in Ojén, Andalusia, is being developed by UK-based real estate investment firm Round Hill Capital.
It is currently thought that the gated community will initially include 60 two, three and four bedroom properties as well as 15 penthouses, which will be comprised of three and four bedrooms each. The development will be built on 50 hectares of land.
The properties are expected to be put on the market for between €440,000 and €1 million.
Residents will also be able to use the health club and business centre on the grounds, while 24-hour security will be present.
Ojén mayor José Antonio Gómez Sánchez told Olive Press that the project would benefit the whole of the Costa del Sol as “it will invigorate the area, both socially and economically”.
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Currencies Direct