Real estate developers, Wilma Europe Holdings, based in Germany and the Netherlands, has arrived on the Costa del Sol with a project for 120 luxury apartments in the municipality of Benahavís, next to Marbella. The scheme is valued at 130 million euros in sales prices.
The group has formed a partnership with established local developers, Sierra Blanca Global, which belongs to Marbella businessman, Pedro Rodríguez, and with which it hopes to go on to develop more projects worth 200 million euros.
The launch project for the Wilma-Sierra Blanca alliance has been named The View Marbella and will be built on a 50,000-square-metre plot in Benahavís's own "Golf Valley" area.
The new development will consist of 120 apartments with an average sales price of around one million euros; they start from 600,000 euros for the cheapest and go up to 2.5 million euros for the most expensive.
The new apartments will have a communal spa area, choice of swimming pools, landscaped gardens, security and concierge, although their unique feature will be their circular design, surrounded completely with glass.
According to the company at the launch of the project on Tuesday, an energy-saving technique will be used.
Plans to be finished in 2021
The project is planned to be finished by spring 2021 and generate 250 jobs during its construction. Wilma hopes this will be the flagship development of more to come on the Costa del Sol from the company.
Although there are already some deposits paid by buyers in central Europe and the Baltic countries, the main markets for the development are expected to be Belgium and Germany.
Wilma was founded in 1939 and now has a sales volume of 350 million euros a year. According to a company statement, it specialises in sustainable, high-quality residential projects.