Sotogrande is a prime location, yet it never brags about its many attributes compared to other resorts on the Costa del Sol. This is one of the reasons why this refined resort continues to attract a particular kind of resident. They are usually high net worth individuals and their families who seek privacy and security combined with a sophisticated and luxurious lifestyle. Now Sotogrande is to get a further boost to its appeal in the form of €50m in investment that will provide improvements to infrastructure and sports facilities, plus an additional 200 new villas.
The Sotogrande estate, which encompasses renowned world-class golf clubs that include Valderrama and La Reserva, a Venice-like marina with stylish boutiques and restaurants, and the Santa María polo club as well as the area’s palatial mansions and high-end apartment complexes, is managed by Cerberus and Orion private equity funds who bought it from NH hotels in 2014.
The financial crises affected Sotogrande as elsewhere, but it has rebounded well since 2015. The new investors are building on this momentum and Sotogrande’s rich heritage and reputation for exclusivity to take it to a new level. As Cerberus and Orion are quite right to point out, when there is an opportunity to make something that is great even better it makes sense to take action.
The first area to get the new golden touch is La Reserva, a residential area with a stunning golf course and country club. Two hundred new villas are being built here, seven of which will be on one-hectare plots. Buyers in this new development will become members of the country club, which features elegant restaurants, tennis courts, watersports and a children’s club.
In addition to this injection of new properties, the investors also plan to add more leisure activities, among them a classic car rally and regular sailing regattas, while the weekend market at the marina has also added a new attraction at the heart of the yacht harbour.
Sotogrande is a perfect location for year-round living as well as vacations boasting a remarkable variety of appealing, well-priced properties in great locations. The fresh investment into the local infrastructure is sure to make it an even more attractive residential and investment prospect for international buyers seeking a very select place in the sun.
For more information about selling and buying property in Sotogrande contact the specialists.
By The Holmes Team ·