A British fund is investing 25 million euros in the building of five ultra luxury Villas

A British fund is investing 25 million euros in the building of five ultra luxury Villas
Publication: 15 Dec. 2016
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The duration of the planned works is approximately 20 months and the average selling price of each of these exceptional villas is estimated at seven million euros.

Proponents believe that the strong economic growth experienced by Spain, and the internationally renowned Marbella, guarantees a perfectly secure investment. ´Pacific Investments´ who are based in London, are the British Fund who are involved in this construction project in Marbella and they are investing the 25 million. This target achievement market share is for buyers of a high level as the selling price of each house is set at seven million euros.

The project, designed by the architectural firm Sierra Torras, authors of the hotel “Finca Cortesin”, was presented yesterday at the Marbella Club by Mark Johnson, director of Pacific Investments, and Christopher Penna, head of Penna Properties Partners, based in Marbella.

Work will start as soon as the building permit is obtained and we have the assurance that this will be issued by the city and should only take a few weeks. The Villas will be located in the Cascada sector Camojan on the heights of the residential area “Sierra Blanca”, and target completion is at the end of 2018.

According to its promoters, the uniqueness of the “Fontana” project is being aimed not only to the very high end British market, but also the Scandinavian countries, Central European and Arab countries. The five houses will have a different architecture, but nonetheless retain some elements in common. Each villa will be built on a plot of 2,000 to 3,000 square meters and will have a surface built from 1000 to 1500 square meters, five bedrooms, a gym, a wine cellar, a pool and a residential area reserved for service personnel. Each villa also benefit from beautiful sea and mountain views.

The realization of this project will create a dozen permanent jobs within the security, maintenance, gardening and cleaning sectors and will also benefit from 24 hour security.