Real estate group invests in Calahonda

Real estate company Ayco has said it has bought five plots in Calahonda to build homes.

It hopes to construct 144 properties on the land of different types and invest a total of 6.3 million euros.

In this first phase it has spent 2.5 million euros. Ayco has also been the owner of the iconic Byblos hotel on Mijas Golf for the past year, which it plans to reopen.