The View, an ambitious development of more than 120 luxury apartments in Benahavís that already has its construction permit, will be the first project

Marbella, April 2nd 2019- Wilma Europe Holding, a real estate development group with 79 years of experience in the real estate sector and more than 100,000 properties in Germany, Holland, Belgium and the USA, touches down in Spain thanks to the construction company Sierra Blanca Global to promote distinct luxury property projects in the Costa del Sol. The first of these, The View, which already has its planning permission and whose construction will begin in two months, entails an investment of 120 million euros.

Under the name Wilma Sierra Blanca, the joint venture makes its debut in Spain with the acquisition of approximately 50,000m2 of land in the area of Benahavís, where The View will be built. An ambitious project of more than 120 luxury apartments with a spa, pools, gardens and an exclusive 24 hour concierge service. But what distinguishes the project is its impressive panoramic views thanks to the circular glass design of the apartments, into which exclusive solar protection technology will be incorporated to ensure both comfort inside and energy saving.

For the architectural design of The View, they have had to bear in mind each criteria of construction, engineering and amenities, from decoration to home automation, in order to achieve total integration from the start. The View also boasts an A-B energy certificate, the most efficient on offer. With all of this, Wilma Sierra Blanca is looking to set a benchmark in the construction and luxury property development sector in the Costa del Sol. The properties have a starting price of 609,000 euros and they are aimed at Norwegian, Swedish, Danish and particularly Belgian and German buyers, who in recent years have shown particular interest in the Costa del Sol.

The first Real Estate Project

The initial investment of Wilma Sierra Blanca in the Costa del Sol will have a final market value of 130 million euros, and will generate 250 job opportunities in the area during seasonal peak periods, a figure that doubles if indirect employment is included. The launch date is predicted to be spring 2021, although there are already numerous reservations made by northern and central Europeans interested by the climate, the services and the connections that the Costa del Sol boasts. The price of the properties ranges from 600,000 to 2.5 million euros.

The View will be the first of Wilma Sierra Blanca’s real estate projects to be developed in prime areas of southern Spain, a destination that is becoming increasingly preferred by central Europeans. As part of an ambitious expansion plan, the board of directors is studying other projects for future investments.

Pedro Antonio Rodríguez, managing partner of Sierra Blanca Global and Wilma Sierra Blanca, stated that “Wilma comprises of a total of 300,000 projects and a history of 450,000m2 of constructed land, and our synergy with Sierra Blanca Global signifies a strategic step for our diversification into the luxury property sector in Spain.”

Also he has highlighted that both of these companies and Wilma Europe Holding “are very aligned, as they share the same values and it is for that, with the creation of Wilma Sierra Blanca, we are shaping long term prospects and are convinced that we will establish fruitful relations with new alliances in the sector.”

About Wilma Europe Holding:

Founded in 1939, it occupies second place in the 2015 Bulwiengesa Project Development rankings, after its German subsidiary, Wilma Inmobilien. With an annual sales volume of 350 million euros, a portfolio of 2,000 million euros and more than 150 employees, the company specialises in sustainable residential projects that are top quality in every step of  the project, from the property acquisition, planning and construction coordination, to the turnkey delivery.

About Sierra Blanca Global:

With over 10 years of experience, Sierra Blanca global is characterised by its offer of a high quality luxury property construction service in the Costa del Sol, at the forefront of innovation and technology, counting on infrastructure and experience to manage multiple property developments each with their own team. It forms a part of a group of businesses that includes Sismo Building Technology, a pioneer in construction technology in Spain, whose care for the environment and energy efficiency give them a clear conscience.

La entrada Wilma Europe Holding enters the luxury Spanish real estate market together with Sierra Blanca Global se publicó primero en MN Comunicación.

Marbella, January 25th 2017: Since the ‘Brexit’ ruling after the June 2016 referendum, when the British public made the decision to leave the European Union, the Costa del Sol’s property market has been awash with uncertainty. Historically, the Costa del Sol has always benefitted from private investment from the United Kingdom.

However, renewed interest in the Andalusian coast from Scandinavian and Central European markets is dispelling the shadow of ‘Brexit’ on the real estate sector. This is reflected on a national level in the figures for the third trimester of 2016 from the Spanish Real Estate Statistics Records, as well as on a local level in terms of the luxury property sales at the Palo Alto development in Ojén.

According to the Statistics Records, foreign buyer numbers appear to have stabilised at a figure above 13%, which maintains a position as one of the all-time highs. Britons come top of this list, just as when the research began in 2006. However, the market accumulates three consecutive trimesters, losing traction in relative terms and giving rise to figures under 20%. In fact, the decrease between the second and third trimester of 2016 is especially marked, dropping from 19.73% to 17.66%, demonstrating a decrease of almost 2%.

French buyers, who increased by nearly 2%, come in second, with 8.91%. This significant growth renders them one of the most active nations, with their increase compensating in part for the reduced British demand. Germans (7.32%), Swiss (7.14%) and Belgians (6.2%) come third, fourth and fifth respectively in the rankings for buying a second home in Spain, strengthening their presence in the housing market and increasing their importance both in absolute and relative terms. These figures compensate for the decrease in British investment and maintain the sales figures to match up to those in previous years.

With 50% of its first phase sold, Palo Alto supports this trend on the Costa del Sol. According to their own buyer statistics; Germans and Belgians top the sales figures with 38% and 15% respectively. Norwegian, Italian, Dutch and Spanish buyers follow behind, all with a figure of 6%, while French constitute half of that, at 3%.

Accordingly, Sales Director Simon Boxus explains: “The crucial commitment by the developer and architects to quality of design and materials and the privileged environment, together with the recovery of the economy at both a national and international level means that Europeans view the Costa del Sol as an exceptional destination”.

“In these circumstances, destinations like Ojén, where we are developing the Palo Alto project, offer both physical and legal security”, he continues.  

“According to the figures deduced from both the luxury reservations and the marketing reports, the decrease in the British market is undeniable. However, German, French, Belgian, Italian, Dutch, Spanish and Norwegian buyers have found an answer to their demands for high-quality real estate in Palo Alto”, Boxus concludes.

More about Palo Alto

With 250 million euros investment, Round Hill Capital, a leading global property investment firm, is the developer in this project, designed by the prestigious, award-winning architecture studio Villarroel Torrico. Palo Alto is built on 50 hectares and offers a selection of spacious apartments, penthouses and villas in a low-density residential area.

Thanks to its cutting-edge contemporary architectural design, Palo Alto combines the best quality amenities to cater for the necessities of active modern life with the very best nature can offer. Nestled in the incomparable natural beauty of Ojén and only a few minutes away from bustling Marbella, Palo Alto impresses primarily for its location, which offers panoramic views of the mountain and sea.

www.paloaltomarbella.com 

Emma Williams

Web: www.marie-noelle.es

Email: eventos@marie-noelle.es

Móvil: (+34) 626 681 308

La entrada Scandinavian and Central European Markets Dispel the Shadow of ‘Brexit’ on the Costa del Sol’s Real Estate Sector se publicó primero en MN Comunicación.