The Real estate luxury continues to take positions in Malaga and now extends its footprint to the east of the capital. To the residential promotions of the first … Level developed in the surroundings of the Paseo de Sancha by promoters such as Adndia or Urbea, formed by the construction company begins 21st century and Swedish and South American investors, new projects are added in the Pedregalejo environment by the hand of the promoter and consultant Longline, founded in July 2022 by David Martín.
This real estate company, dedicated especially to investment management, which develops its projects by opening them to the capital entrance of several partners, has launched two actions for a total of nine homes that will start from a price close to one million euros and will be around 1.5 million.
One of them will be carried out at number 151 on the avenue of the painter Joaquín Sorolla, just in front of the bathrooms of Carmen. This is the building that housed an oriental food buffet called Wok Asia. In this space, of 610 square meters, two bass and two luxury attics of three bedrooms each will be made, with large terraces that will have the sea views. Low will have 175 square meters of private plot each, and the penthouses will have solarium. Longline will soon request the works license to carry out this project.
The other is also located near the bathrooms of Carmen, about 450 meters from the natural place next to the spa, at number 18 of Jarama Street. In this case, it is a lot of 874 square meters in which five homes are going to be built, of which two will be three bedrooms and one two bedrooms with terraces of up to 70 square meters. Also, in the upper area of the plot two duplex of 240 square meters built each have been designed. This action, which includes the execution of new roads to connect Jarama and Vicente Espinel streets, and the latter with Solano Street, already had a license of works granted, so Longline will present a renovated project of the project before the Municipal Management of the project to initiate the work.
national investors
As David Martín pointed out, both projects, which will have Spa and Gymnasium, “have successfully filled their investment rounds” to give entry to national investment capital. “We have had a great demand and have even forced ourselves to leave numerous investors who were interested in participating,” said Longline head.
These two luxury residential projects in the surroundings of the Baños del Carmen, which total an investment volume of about 10 million euros, are added to the portfolio of actions of this promoter based in the central Larios street, which also includes a project of three luxury homes in the area of Arturo Soria in Madrid, with a sales volume of 7.6 million euros; another of nine homes at number 48 of Lagunillas Street (already delivered); one of 25 tourist apartments in numbers 14 and 16 of the Capuchinos race, next to the space in which the works of a four -star hotel on the Zenit chain have begun; and a tertiary land in the Sevillian municipality of Bormujos, with capacity for 6,500 square meters built, “on which we are exploring different business models for commercial, geriatric, ‘coliving’, or a mix of them,” Martín said.
