Picasso Towers is the latest addition to Malaga and Europe’s residential world-class choice. The exclusive €225 million development, created by Sierra Blanca Estates and Metrovacesa, involves three towers featuring 213 luxurious apartments.
This project is a reflection of the renaissance that Malaga has undergone in recent years. Just in 2018, Malaga’s economy grew 4.47%, positioning the city as one of Europe’s top residential and holiday destinations. The popularity of the city and Costa del Sol region has soared due to national and international investment, and it’s no surprise that Brits are the main international buyers of second homes on the Costa del Sol, followed by North Americans, Germans, Belgians, Dutch and Scandinavians.
More than a quarter of the apartments are already sold to buyers from Europe and the United States. Referring to the new purchasers, Daniel Raya, Land Development Manager at Spanish leading real estate Metrovacesa said “They choose Picasso Towers for its high quality, prime location, astonishing sea views, the pleasant Mediterranean climate and the fact that Malaga is the fastest growing city in Spain at the moment.”
Malaga is a city with 320 days of sun a year, an asset that Picasso Towers have harnessed in both the exterior and interior of the towers via a detailed study measuring sunlight according to seasons and time frames.
The first tower will be called Living, and will feature three swimming pools, a premium spa, fitness centre, private cinema, playroom, co-working area and nursery, as well as the latest technology and security. Carlos Rodriguez, CEO at Sierra Blanca Estates Developments explains: “Buyers are drawn to the exceptional services that will be provided to all owners and residents in Picasso Towers, which are the epitome of true luxury residences”.
The three towers will be finely decorated by the award-winning interior designer Jaime Beriestain and designed by architect Carlos Lamela, who is well-known for designing Amsterdam’s Schiphol airport, Madrid’s new Barajas airport terminal and the renovation of Real Madrid’s Santiago Bernabeu football stadium.
The first phase of Picasso Towers apartments will be ready by the end of 2021, and the whole resort is expected to be completed by 2023.
About Metrovacesa
Metrovacesa builds innovative and sustainable housing, unique and welcoming homes following the highest quality, design, and safety standards. We are determined to create spaces that combine sustainability and comfort. We work with the best architects, interior designers, and local suppliers to offer you spaces that are worth living in, paying attention to the small details and providing high-end design solutions. Every real estate property we build is projected following the most stringent criteria in terms of energy saving and respect for the environment.
About Sierra Blanca Estates Developments
Sierra Blanca Estates Developments is a luxury property developer since 1986 operating exclusively in prime residential areas in southern Spain offering premium luxury residences in villas and apartments. The group offers fully integrated services to its exclusive clientele, real estate brokerage, conceptualization, design and turn-key projects to the highest standards in quality control with innovative and advanced building technology. Sierra Blanca Estates Developments’ philosophy is to offer to the most innovative high-end residences to investors and end-users alike always providing a substantial return on investment and the ultimate in luxury living.