UK-based La Zagaleta Ltd, the developer of the ultra high-end golf and equestrian country club residential estate La Zagaleta – in Benehavís, just outside Marbella, on the Costa del Sol – is planning to start deploying €200 million this year developing a luxury urbanisation of 30 homes costing between three and five million Euro each, on land beside Sotogrande, in Andalusia’s Cádiz Province (Costa de la Luz).
Located in the Castellar de La Frontera municipality beside Sotogrande and Valderrama, the plan is the resort will also have a golf course, equestrian facilities, a beach club, a luxury hotel of 120 room, and 50 serviced villas for rent.
Also knowns as Valderrama II, the development reportedly already has the support of the town council for urban development on the 220 hectare site that was acquired by La Zagaleta Ltd back in 2016. According to local press reports, they still have to get the go-ahead from the regional government of Andalusia in Seville. They also need to acquire more land to house the envisaged world-class golf course with 27-holes and 9 short holes plus facilities to attract and host the very biggest championships like the Ryder Cup.
The presence of another upmarket development targeting similar buyers in the area will increase competition between Sotogrande and La Zagaleta / Valderrama II, but it will also establish an upmarket cluster in this corner of Andalusia, which has the potential to increase the size of the market for all players, as clusters tend to.
