Investment fund Mabel Capital has announced plans to embark on a large-scale luxury property development in the Costa del Sol's Estepona.
Owned by the Balaeric entrepreneur Abel Matutes (son of the ex-minister and company of the same name) and his partner Manuel Campos Guallar, the project will involve the construction of more than 30 front-line beach residencies.
Based in Madrid, Mabel Capital's portfolio consists of investments related to property, finance, hospitality and the development of sports developments. In what is the latest beach development on the Costa del Sol, Mabel Capital has designated over 20 million euros for the acquisition of Los Llanos of Estepona, a 36-hectare plot of land located close to the areas famous beaches, sold for 600,000 euros per hectare.
The project will offer a selection of semi-attached homes and luxury single-family homes within a stones throw away from the beach, maintaining the designated green area reserved for public use.
On a recent visit to Estepona, owner Abel Matutes presented the plans to the local City Hall suggesting that potential further investors in the project include sports personalities the likes of Rafa Nadal or Cristiano Ronaldo.