The prestigious La Zagaleta residential community, nestled in the picturesque hills of Benahavís near Marbella, has been acquired by Modon Holding, a prominent conglomerate based in Abu Dhabi. This landmark acquisition marks a significant expansion of the Emirati company’s presence in the European luxury real estate market.
A Visionary Acquisition
Modon Holding, publicly listed on the ADX Growth Market and backed by major shareholders ADQ and IHC, has built a reputation for creating dynamic urban developments, luxury lifestyle experiences, and premium sports facilities. The purchase of La Zagaleta is seen as a strategic milestone in their international expansion plans.
Jassem Mohammed Bu Ataba Al Zaabi, Chairman of Modon Holding, described the acquisition as a pivotal step in the company’s vision to redefine luxury housing. “This deal sets a new benchmark for future operations and aligns perfectly with Modon’s ambition to consistently exceed expectations,” he stated.
Why La Zagaleta?
La Zagaleta, often hailed as the epitome of luxury living in Europe, spans 900 hectares of pristine land, featuring over 400 villa plots and world-class amenities. Residents enjoy:
- Two private golf courses, one ranked among Spain’s top ten.
- Exclusive clubhouses with fine dining.
- Equestrian facilities and a private helipad.
- Access to expansive natural areas, with breathtaking views of the Mediterranean, Gibraltar, and the Andalusian mountains.
In addition to its existing offerings, the property includes development opportunities, such as land for a luxury hotel and over 2.7 million square meters for high-end residential expansion.
Majarambuz: The Next Chapter
The acquisition also encompasses the Majarambuz project, historically known as Valderrama II. Located adjacent to Sotogrande, this 2.2-million-square-meter reserve is poised for development while maintaining protected green zones. This initiative will expand the Zagaleta brand internationally and solidify its position in one of Europe’s most desirable luxury real estate markets.
Bill O’Regan, CEO of Modon Holding, emphasized the company’s commitment to preserving La Zagaleta’s legacy while enhancing its exclusivity and natural beauty. “La Zagaleta is synonymous with luxury, privacy, and security. We aim to honor its heritage while driving its growth,” he said.
The Future of La Zagaleta
Under Modon Holding’s leadership, La Zagaleta is set to enter a new era of development and global recognition. With plans to expand its offerings while maintaining the utmost quality, the acquisition positions La Zagaleta as a beacon of luxury on the Costa del Sol and beyond.
For those seeking unparalleled elegance and exclusivity in one of Europe’s most sought-after locations, La Zagaleta remains a top-tier destination.
For more information on buying property in Marbella and Costa del Sol, visit Nookhomes for expert guidance and listings that meet your criteria.
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