Best European commercial real estate market since 2007 sees Taylor Wimpey España and FBD Property & Leisure join forces in Spain
Leading Spanish house builder Taylor Wimpey España has announced a joint venture with FBD Property & Leisure Limited, just as two separate reports confirm the revival of the Spanish property and European commercial real estate markets. Taylor Wimpey España and FBD Property & Leisure will join forces to develop a key apartment site at the luxury La Cala Resort in Mijas, located between Marbella and Fuengirola on the Costa del Sol.
- Construction activity in Spain shot up by 23.9% in February 2014 (Eurostat)
- Investment in European commercial real estate climbed to €166 billion in 2013 (CBRE)
- 13 developments across Spain currently under construction by Taylor Wimpey España
The revival of the construction industry in Spain was revealed by two sets of data release recently, which heralded significant growth in the sector’s activity. EU statistics office, Eurostat, confirmed that according to the organisation’s production data in Spain, construction activity shot up by 23.9% in February this year, compared to the same period of 2013.
The increase positions Spain as the third most active nation in Europe for construction and Taylor Wimpey España is proud to be at the forefront of the country’s development. The established developer has over 50 years’ experience of building in the Spanish market and currently has 4 projects under construction on the Costa Blanca, 5 on the Costa del Sol and 4 on the Balearic island of Mallorca.
Javier Ballester , CEO of Taylor Wimpey España, comments,
“Our joint venture with FBD Property & Leisure at La Cala Resort is the latest stage of our growth strategy in the Spanish market. La Cala, with its first class golf and leisure facilities, offers a very attractive destination for second home buyers. We are very confident in the Spanish market going forward and are moving ahead with the development of a number of our Spanish sites.”
Commercial real estate is also looking strong across Europe. A survey based on the European Real Estate Investor Intentions study by CBRE, has shown that during 2013 the volume of investment in the commercial real estate market in Europe climbed to €166 billion euros: the highest amount since 2007. The figures show that investor interest has increased dramatically, rising 30% when compared with 2012.
For those ready to take advantage of the revival of the Spanish market, the joint venture between Taylor Wimpey España and FBD Property & Leisure will see holiday homes at La Cala Resort available in the form of luxury apartments, townhouses and villas, as well as villa plots.
La Cala Resort is the biggest golf resort in Spain and offers three golf courses, as well as an executive par 3 course. It is surrounded by stunning mountains with great views of the Mediterranean Sea. The site includes a 107 bedroom, 4 star superior hotel and top class leisure facilities, including a UEFA-approved soccer facility. Although located in a tranquil and relaxing environment, it is only 20 minutes away from Marbella and 30 minutes from Malaga International Airport, in the heart of Spain’s popular Costa del Sol region.
For more information please contact Taylor Wimpey España today on 08000 121 020 or visitwww.taylorwimpeyspain.com. If you reside outside of the UK you will need to call 0034 971 70 69 72.