Our property Development Business
Quartiers’ operations comprise the development, sale and management of real estate. In the Property Development segment this is done by developing carefully designed concepts for villas and apartments, which are then marketed and sold.
Quartiers continues to see good opportunities for acquiring real estate assets at attractive prices in Costa del Sol. The fact that Quartiers is a property developer listed on Nasdaq First North Growth Market is an important competitive advantage, which facilitates a more rapid pace of growth compared with competing property companies in Costa del Sol. The link to the Nordic capital market implies an option to obtain capital in a way that other local developers cannot.
APARTMENTS
22 BY QUARTIERS
The property in brief
- Status: Sold.
- Municipality: Benahavís.
- Number of apartments in the project: 22.
- Number of apartments sold: 22.
- Exclusive agent: Quartiers Estates.
- More info: www.quartiersestates.com
Project description
Project 22byQuartiers is sold with final completion of the last apartments in December 2019. The project has been sold exclusively by Quartiers’ jointly owned subsidiary Quartiers Estates, based in Puerto Banús. Phase 1 of the project, consisting of 10 apartments, was delivered to buyers in September 2018 and handover of phase 2 is taking place on an ongoing basis and started in May 2019.
The apartments are part of the Hacienda del Señorío de Cifuentes apartment complex, so buyers have access to the complex’s full range of services, including pool restaurant with heated pool. Most buyers in the 22byQuartiers project have chosen to sign up to Quartiers’ concierge programme, which provides assistance with everything from contact with the local authorities to help with letting.
22 BY QUARTIERS
Quartiers’ operations comprise the development, sale and management of real estate. Quartiers is completing the sale of the 22ByQuartiers project in Hacienda del Señorío de Cifuentes in Benahavis (https://www.22byquartiers.com/).
22 BY QUARTIERS
The property in brief
- Status: Sold.
- Municipality: Benahavís.
- Number of apartments in the project: 22.
- Number of apartments sold: 22.
- Exclusive agent: Quartiers Estates.
- More info: www.quartiersestates.com
Project description
Project 22byQuartiers is sold with final completion of the last apartments in December 2019. The project has been sold exclusively by Quartiers’ jointly owned subsidiary Quartiers Estates, based in Puerto Banús. Phase 1 of the project, consisting of 10 apartments, was delivered to buyers in September 2018 and handover of phase 2 is taking place on an ongoing basis and started in May 2019.
The apartments are part of the Hacienda del Señorío de Cifuentes apartment complex, so buyers have access to the complex’s full range of services, including pool restaurant with heated pool. Most buyers in the 22byQuartiers project have chosen to sign up to Quartiers’ concierge programme, which provides assistance with everything from contact with the local authorities to help with letting.
Ocean View
The property in brief
- Status: Under development
- Municipality: Benahavís.
- Buildable area: 8,064 square metres.
- Number of units: 60 to be sold.
- Purchase price: EUR 2,953 thousand.
- Valuation: EUR 7,500 thousand.
- Taken over and paid for in full.
Project description
Significant progress was made on the Ocean View project in 2018. The apartments to be developed will be included in the same cooperative association as 22byQuartiers and the company’s apartment complex in Benahavís. This association also includes other private owners whose approval was required to make changes to the design and layout of the project. This approval was successfully obtained at an extraordinary association meeting in December 2018.
Since receiving this approval, the company has been working intensively together with Stockholm-based concept developers Whyte&Lilja to develop a Scandinavian concept for the project, which is attracting a wide-ranging target group of buyers in the region. This cooperation is aiming to create an exclusive apartment product that stands out from other projects in the region through exclusive design and high quality.
OCEAN VIEW
The Ocean View projects comprises 60 residential units, and a number of changes is currently being implemented to the planning work, which should contribute to higher sales values compared with the original project.
Ocean View
The property in brief
- Status: Under development
- Municipality: Benahavís.
- Buildable area: 8,064 square metres.
- Number of units: 60 to be sold.
- Purchase price: EUR 2,953 thousand.
- Valuation: EUR 7,500 thousand.
- Taken over and paid for in full.
Project description
Significant progress was made on the Ocean View project in 2018. The apartments to be developed will be included in the same cooperative association as 22byQuartiers and the company’s apartment complex in Benahavís. This association also includes other private owners whose approval was required to make changes to the design and layout of the project. This approval was successfully obtained at an extraordinary association meeting in December 2018.
Since receiving this approval, the company has been working intensively together with Stockholm-based concept developers Whyte&Lilja to develop a Scandinavian concept for the project, which is attracting a wide-ranging target group of buyers in the region. This cooperation is aiming to create an exclusive apartment product that stands out from other projects in the region through exclusive design and high quality.
VILLAS
Amapura
The property in brief
- Project type: Detached villa, turnkey project.
- Municipality: Marbella.
- Plot: 831 sqm, acquired with deeds.
- Construction volume: 365 square metres.
- Number of units: 1.
- Acquisition price (plot plus project): EUR 550 thousand.
- Est. selling price: EUR 1,800 thousand.
- Plot taken over and paid for in full.
Property description
With views over the Mediterranean Sea and the town of Marbella in the popular Nueva Andalucia, Quartiers Properties is developing a turnkey villa that will be sold and marketed by Quartiers Estates.
The company has received a building permit and construction of the villa has begun. The villa is expected to be completed by summer 2020. The interior of the villa has been designed by Swedish interior architect Djon Clausen.
AMAPURA
The Amapura villa has views over the Mediterranean Sea and the town of Marbella and is located in the popular Nueva Andalucia district.
Amapura
The property in brief
- Project type: Detached villa, turnkey project.
- Municipality: Marbella.
- Plot: 831 sqm, acquired with deeds.
- Construction volume: 365 square metres.
- Number of units: 1.
- Acquisition price (plot plus project): EUR 550 thousand.
- Est. selling price: EUR 1,800 thousand.
- Plot taken over and paid for in full.
Property description
With views over the Mediterranean Sea and the town of Marbella in the popular Nueva Andalucia, Quartiers Properties is developing a turnkey villa that will be sold and marketed by Quartiers Estates.
The company has received a building permit and construction of the villa has begun. The villa is expected to be completed by summer 2020. The interior of the villa has been designed by Swedish interior architect Djon Clausen.
Los Flamingos Villas
The property in brief
- Project type: Two free-standing villas.
- Municipality: Benahavís.
- Plot: 2,950 sqm.
- Construction volume: 1,255 square metres.
- Number of units: 1.
- Purchase price: EUR 1,600 thousand.
- Est. selling price: EUR 5,000 thousand.
- Acquired through companies and paid for in full.
Project description
These two villas are located in the attractive villa area of Los Flamingos in Benahavís municipality, a stone’s throw from the five-star Villa Padierna Hotel with two 18-hole golf courses. Both villas have views of the sea and golf courses and will be designed with a combination of classic Andalusian style and modern luxury.
The villas will be marketed and sold by Quartiers Estates. The total building area for both the villas is 1,255 square metres, with a further 400 square-metre terrace and 1,600 square metres of gardens.
LOS FLAMINGOS VILLAS
Two villas located in the attractive villa area of Los Flamingos in Benahavís municipality, a stone’s throw from the five-star Villa Padierna Hotel with two 18-hole golf courses.
Los Flamingos Villas
The property in brief
- Project type: Two free-standing villas.
- Municipality: Benahavís.
- Plot: 2,950 sqm.
- Construction volume: 1,255 square metres.
- Number of units: 1.
- Purchase price: EUR 1,600 thousand.
- Est. selling price: EUR 5,000 thousand.
- Acquired through companies and paid for in full.
Project description
These two villas are located in the attractive villa area of Los Flamingos in Benahavís municipality, a stone’s throw from the five-star Villa Padierna Hotel with two 18-hole golf courses. Both villas have views of the sea and golf courses and will be designed with a combination of classic Andalusian style and modern luxury.
The villas will be marketed and sold by Quartiers Estates. The total building area for both the villas is 1,255 square metres, with a further 400 square-metre terrace and 1,600 square metres of gardens.
FORESTAL RESIDENTIAL
Forestal Residential
The property in brief
- Status: Work under way on plan changes.
- Municipality: Marbella.
- Buildable area: Awaiting new local development plan.
- Area of existing buildings: 2,329 square metres.
- Plot area: 13,730 square metres.
- Purchase price: EUR 4,195 thousand.
- Valuation: EUR 6,300 thousand.
- Taken over and paid for in full.
Property description
This 13,730 square-metre property is located next to Boho Club and is less than two minutes’ walk from the beach in Marbella. Quartiers is planning to develop this plot into an exclusive gated community with villas and/or apartments. This new residential complex will be able to benefit from all the services that Boho Club will offer, creating clear synergies between both projects. For Quartiers this unique aspect of the project is expected to lead to a higher selling price per square metre than other projects in equivalent locations. Development of the property requires special approval of the change to the plan from Marbella municipality or completion of the new local development plan. Work is underway on the new local development plan and a decision on a new local development plan in Marbella is expected in around three years. It is therefore expected that CFS Residential will be able to be developed after the Ocean View project has been launched and sold.
FORESTAL RESIDENTIAL
Next to Boho Club hotel project in Marbella golden mile lies the forestal residential plot of 13,730 square-metre, less than two minutes’ walk from the beach in Marbella, Quartiers is planning to develop this plot into an exclusive gated community with villas and/or apartments. This new residential complex will be able to benefit from all the services that Boho Club will offer, creating clear synergies between both projects.
Forestal Residential
The property in brief
- Status: Work under way on plan changes.
- Municipality: Marbella.
- Buildable area: Awaiting new local development plan.
- Area of existing buildings: 2,329 square metres.
- Plot area: 13,730 square metres.
- Purchase price: EUR 4,195 thousand.
- Valuation: EUR 6,300 thousand.
- Taken over and paid for in full.
Property description
This 13,730 square-metre property is located next to Boho Club and is less than two minutes’ walk from the beach in Marbella. Quartiers is planning to develop this plot into an exclusive gated community with villas and/or apartments. This new residential complex will be able to benefit from all the services that Boho Club will offer, creating clear synergies between both projects. For Quartiers this unique aspect of the project is expected to lead to a higher selling price per square metre than other projects in equivalent locations. Development of the property requires special approval of the change to the plan from Marbella municipality or completion of the new local development plan. Work is underway on the new local development plan and a decision on a new local development plan in Marbella is expected in around three years. It is therefore expected that CFS Residential will be able to be developed after the Ocean View project has been launched and sold.