Dozens of new luxury flats are coming to La Cala de Mijas on the Costa del Sol, it has emerged.
The 54 high-end apartments are being Reverest Fund Management, a Lithuanian investment company.
This is their first project in Spain, following an initial investment of €40million.
The homes will feature one to three bedrooms, generous terraces and open views of the Mediterranean.
Ground-floor properties will include private gardens, while prices are expected to start from €490,000, according to information obtained by idealista/news.
Prospective buyers should be aware that typically with new-build developments, once the first units begin to sell, the prices start rising.
The development has already secured its building licence, with construction expected to begin in the first quarter of this year. Completion is scheduled within three years, placing delivery in early 2028.
Reverest has confirmed that 20% of the apartments are already reserved, with the majority of buyers coming from international markets – a trend that continues to underpin demand for new-build properties along the Costa del Sol.
Residents will have access to a wide range of communal facilities, including:
- An infinity-style swimming pool
- Landscaped relaxation areas
- A private gym
- An indoor pool for year-round use
Penthouse apartments will also benefit from private rooftop terraces, complete with jacuzzi and barbecue areas.
Commenting on the decision to enter the Spanish market, Justinas Galginaitis, partner and director at Reverest Fund Management, said Spain’s economic performance was a decisive factor.
He pointed to the country’s strong recent growth among major Western economies, alongside fiscal policy, infrastructure investment, a solid industrial base and rapid population growth, all of which are driving demand for real estate, particularly new housing.
According to Linas Žilevičius, this first development fits squarely within the fund’s strategy due to its location, panoramic views and surrounding infrastructure.
He added that, given the high demand for this type of product, the firm is confident in the project’s success and is already planning further investments in Spain.
Read more Andalucia news at the Spanish Eye.
