Nuovit Homes will invest 100 million to build 234 homes on the Costa del Sol

The real estate developer Nuovit Homes will develop, alongside the Spanish investment fund Stronghold Asset Management, a residential park of 234 homes on the Costa del Sol. The financing agreement sealed amounts to 54.5 million euros, to which another 43.5 million euros will be added including the acquisition of the land and the construction of the project, bringing the total valuation of the operation to 98 million euros, according to data from DC Advisory, an international investment bank of Daiwa Securities which acted as advisor on the deal.

The residential project, named Lakün, will be executed in Las Lagunas de Mijas, specifically on land located next to the Miramar Commercial Park, which marks one of the boundaries between this town and Fuengirola. It is an exclusive residential area featuring outdoor pools, spa, gym, and coworking area, as well as garages and storage rooms. "The privilege of living as in a hotel," summarizes Nuovit Homes, which has already begun to market this "exclusive residential where every detail reflects the values that define it: elegance, quality, and exclusivity."

Prices start at 511,750 euros, plus VAT, for a two-bedroom house with an area of 125 square meters, and go up to 1,144,250 euros, excluding taxes, for homes with four and five bedrooms covering 213 square meters. There are also properties with three bedrooms and an area of 187 square meters (517,500€ plus VAT) and of 184 square meters with between three and five bedrooms (814,000 euros, not including taxes).

More promotions and sustainable growth

Next to the plot where this residential complex of 234 homes will be built, Nuovit Homes is already constructing Laguna Suites, a development of 187 homes ranging from one to three bedrooms whose prices vary between 407,925 and 744,975 euros, taxes excluded, and with areas ranging from 187 to 315 square meters. Additionally, the developer is constructing five more residential complexes in Málaga, and a sixth in Granada.

Since 2014, Nuovit Homes has developed more than 380,000 square meters and, according to its CEO, Inmaculada Cobo, it is positioned for a new phase of sustainable growth.