Banderas buys into property development

Arty Towers


Endorsed by Zorro himself, the brand new Picasso Towers in Malaga has caught the eye of Spanish and Hollywood icon, Antonio Banderas who has already purchased himself an apartment in this luxury five-star residential development.

Picasso Towers is a turnkey development in Malaga, which in recent years has undergone a true renaissance thanks to millions of euros of clever investment.

Drawn by the Mediterranean beaches, easy access from across Europe, a safe environment with a strong infrastructure, international schools, vibrant gastronomic and cultural scene and of course, the golden weather, Britons are still the main international buyers of second homes on the Costa del Sol, joined by Americans, Germans, Belgians, Dutch and Scandinavians among others.

Picasso Towers comprises three towers of ultra-high-end apartments designed by reputed Spanish architecture firm Estudio Lamela and award-winning interior designer

The project has been constructed and developed by leading Spanish developer Metrovacesa and renowned expert in luxury properties in southern Spain, Sierra Blanca Estates Developments are according to both real estates: “The epitome of true luxury residences having great ceiling height, the finest flooring and carpentry, top brand kitchens and bathrooms, world class amenities and fitness centre/spa, full-floor pool and leisure deck, executive board-room work space, day care centre for children, 24 hour concierge service and much more.”

More than a quarter of the apartments are already sold to buyers from Europe and the US: “They choose Picasso Towers for build quality, location, astounding sea views, the Mediterranean climate and the fact that Malaga is the fastest growing city in Spain with vast investment projected over the next 10-15 years,” says Metrovacesa’s Land Development Manager, Mr. Daniel Raya.

But most of all, according to Sierra Blanca Estates Developments CEO, Mr. Carlos Rodriguez: “Buyers are drawn to the exceptional services that will be provided to all owners and residents in Picasso Towers.”

The first tower to be constructed, which will be called Living, will boast three swimming pools (indoor and outdoor infinity pools), premium spa, fitness centre, private cinema, playroom, co-working area and nursery, as well as the latest technology and security.

The average price to acquire an apartment overlooking the Mediterranean Sea in this exceptional residential development is of £1mGBP. For purchasers not using their property throughout the season, there is the rental option providing maximum return on investment. These properties represent a unique opportunity for buyers looking for luxury seaside property with high income potential. The first apartments will be delivered by the end of 2021, and the whole resort with nearly 60,000 m² is expected to be completed by 2023.

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