London based Zagaleta Limited has just given the Southern Spanish property market a much needed vote of confidence, by announcing their 40 million euros buyout of the Valderrama Group. The agreement has sparked the imagination of the real estate agents on the Costa del Sol, not least because these two entities are two of southern Spain’s most prestigious companies. It gives Zagaleta Limited the green light to build ‘Valderrama 2’- a brand new luxury residential, with a championship standard golf course, located in Castellar in Cadiz.
Zagaleta Limited is part of La Zagaleta Group which owns the über-exclusive country club and private gated community of the same name. Established in 1991, La Zagaleta is located in Benahavis (just a few minutes’ drive from Marbella and Puerto Banús), an is famed for its luxurious mansions, private estates and superb facilities; including two golf courses and club house, riding stables, fitness centre and extremely tight security. Yet it’s the level of privacy and secrecy surrounding residents that makes it so attractive to publicity shy celebrities, VIPs, oligarchs, royalty and politicians.
The Valderrama Group owns the Real Club de Golf Valderrama in San Roque, Cadiz. Designed by Robert Trent Jones and the first to host the Ryder Cup in Europe, it is arguably one of the most well-known courses in the world.
Following the same successful formula the company employed 25 years ago on the La Zagaleta development, the project is expected to cost in the region of 200€ million over the next 10 years. It will be designed as a high end tourist resort, with a luxury residential hotel and a golf course to rival Real Club de Golf Valderrama, designed by a renowned golf architect – yet to be confirmed.
Director General of La Zagaleta Group in Spain explains, “This transaction strengthens our leadership in the market for large luxury property and links us with one of the most prestigious golf brands in the world…”
Zagaleta Limited’s confidence in the property market in southern Spain is clear. It was even suggested that the company wouldn’t rule out acquiring further luxury and lifestyle related brands in the medium –term future.
If you are interested in luxury villas for sale in La Zagaleta or other prime real estate in Marbella, contact [email protected] for details exclusive La Zagaleta listings.