Big new development planned at La Cala Resort, on the Costa del Sol

La Cala Resort, Mijas, Costa del Sol

La Cala Resort, Mijas, Costa del Sol

Irish real estate developer FBD Property & Leisure will invest €40m at its La Cala resort, in a joint venture with home builders Taylor Wimpey.

FDB Property & Leisure, through its FBD Hotels & Resorts division, plans to build 55 townhouses and 48 new apartments at La Cala Resort in Mijas, on the Costa del Sol (Málaga province, Andalusia).

La Cala Resort, which FBD already owns, is the biggest golf resort in Spain, with three golf courses and an executive par-three course, a four-star hotel, UEFA-approved soccer facility, along with 448 apartments, townhouses and villas. FBD also have planning permission for a further 1,045 units.

Construction of the new development called ‘Horizon Golf’ will begin this month, with the first units to be handed over in 2017. Sales of the units will be launched later this year.

This is the second large development by FBD in recent years at La Cala. It has already built 60 apartments in a joint venture with Taylor Wimpey, of which 55 have already been sold.

FBD Hotels & Leisure chief executive David Kelly said that “we are now seeing significant momentum building in the Spanish hotel and residential property sectors,” in comments quoted in the Irish Independent newspaper.

“This makes Spain a very attractive proposition for investors, with a weak euro also a big plus for non-euro investors,” he said.

The company expects most of the buyers to come from the UK, Scandinavia, and central Europe.

FBD Hotels & Resorts is an Irish hotel group operating quality hotels and resorts in Ireland and Spain. It is owned by FBD Property & Leisure Ltd, which is solely owned by Farmer Business Developments plc.

La Cala Resort, Mijas, Costa del Sol

La Cala Resort, Mijas, Costa del Sol

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5 thoughts on “Big new development planned at La Cala Resort, on the Costa del Sol”

  1. David

    My earlier posting didn’t appear so here goes again.

    Having played golf at La Cala I know the area reasonably well and find it way too overbuilt as it is without another big new development needed. Plus there are so many resales on the market, it doesn’t seem necessary.

    1. Carlos Alvarez-Garmón

      David could you please elaborate your statement of ” overbuilt” as this Resort, that I know very well , has 4 millón square meters of land with 3 championship golf couses , plus a par 3 golf course and ample gardens on each an every development already build.

      Moreover Taylor Wimpey has sold 55 of the 60 new apartments under construction which shows in today´market a great success and appreciation for this inmaculate and well appointed Resort.

      The Resort has still a great future as the planning is well balanced and no overbuilding

      Charlie

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