Picasso Towers Malaga to become Europe’s residential elite
Picasso Towers is a turnkey development in Malaga, which in recent years has undergone a true makeover thanks to Spanish and international investment.
The €225m development includes luxury penthouses priced at €3m, designed by renowned architect Carlos Lamela
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.