Marbella’s real estate market revives on the Golden Mile with the start of construction on the Benalús project
Marbella’s real estate market revives on the Golden Mile with the start of construction on the Benalús project
The exclusive development, which has an investment of 50 million euros and a building permit, has already started the construction of the first phase.
The land with a total of 9346 m2 will provide a green leisure area for the citizens of Marbella, in an area where a public park with all its amenities will be created.
Marbella, May 4th 2021_ It has been 20 years since a residential complex was built in the heart of the Golden Mile, 100m from the sea, and now thanks to Benalús, which has just started construction, all eyes of buyers and investors are on this exclusive area. The prestigious project is being relaunched with a new look, adapting to the latest trends.
The presentation press conference took place this morning, attended by Felipe Gómez, Manager of Grupo GAILUR, and Smadar Kahana, managing director of Engel & Völkers Marbella.
The long-awaited residential complex of 28 homes, priced from 940,000 to 3 million euros, will involve a total investment of 50 million euros and create around 60 local jobs. With planning permission already granted for the first phase, and work having started just a few days ago, the completion date is expected to take place during the last quarter of 2022. The second phase is already under study for its subsequent execution.
The Benalús development has been launched by the Gailur Group, a prestigious family business group from the Basque Country with more than fifty years in the sector, which is investing in Andalusia for the first time. It should be noted that the construction company Gailur Taldea also belongs to the group, thus guaranteeing the timing and quality of the development. “It is undoubtedly the best showcase at European level and among the best in the world in the field of high-end residential development. This promotion is our first entry into Andalusia as an investment area, but it will not be the last” says Felipe Gómez, manager of Grupo Gailur.
Furthermore, the group has appointed Engel & Völkers Marbella as its exclusive marketing company, which already has a large number of reservations. Despite the increase of national clients in the Costa del Sol’s real estate sector, largely due to the pandemic, it could be said that foreign interest in investing in Marbella’s luxury market is slowly returning. ‘Given the exceptional location of Benalús, we have received enquiries from different countries. 60% of our potential clients are international,’ says Kahana. A buyer profile that is looking for modern buildings with large outdoor areas and the best sunny conditions in a location with easy access to all the services of Marbella centre and Puerto Banús, while maintaining an exclusive setting just a few metres from the beach.
Over the last few years Benalús has been able to identify the new needs of the Premium client, who requires all the comforts of a resort in their own home, and has been able to offer them. As a result, Benalús offers a spa service, private and communal swimming pools, communal solarium, gym and chill-out area. All of this is surrounded by 7,000 square metres of protected green areas of Cañada Real, which will be for the public enjoyment of Marbella residents.
Matihba Iftikhar
Email: comunicacion@mncomunicacion.com
Móvil: 667 050 651
About Engel &Völkers Marbella
Engel & Völkers is represented in Marbella with 5 offices in prime locations and has been a market leader in the Marbella real estate sector for many years, specialising in the marketing and sale of mid to high-end properties.
Engel & Völkers is one of the world’s leading service companies specialising in the brokerage of luxury residential properties, commercial real estate, yachts and aircraft. Present in more than 800 locations in 34 countries on 4 continents, Engel & Völkers offers both private and institutional clients a wide range of tailor-made professional services, providing access to a wide range of potential international buyers and with a proven track record of success over the years. Advisory, sales and rental services are the core competencies of the more than 12,837 people who make up E&V.
About GAILUR:
Grupo Gailur is a family-owned Basque business group with 55 years of experience. Its business lines operate in three sectors: property development, the Basque iron and steel sector and asset management.
In the field of property development, the company is mainly based in the Basque Country, with occasional developments throughout the country, tackling each project with its own staff for both property development and construction, establishing relationships with external collaborators on an occasional basis.
Its own staff consists of 62 people divided into different departments: land management, architecture studio, technical office, production department, commercial department, financial department and administration department. The sustained construction and delivery volume over the last 10 years is 200 homes per year. Portfolio guaranteed to maintain the above mentioned volume for the next 5 years.
