Lar Sol and Morgan Stanley are investing 600 million € in what is being described as ‘Europe’s largest golfing resort.’

Desarrollos Lar Sol MS SL, jointly owned by the real estate funds which Morgan Stanley manages, and by Lar Sol, is buying almost one million square metres of land in La Cala Resort, in Mijas. Their project includes more than 2,000 homes, a five-star hotel, restaurants, and leisure and commercial premises.

The partnership has started two other projects in Málaga province since their alliance for investment and development of the housing sector on the Spanish coastline was formed just over a year ago. Those projects are in Estepona and Casares. They have other ongoing projects in Alicante and Murcia.

By M. Sese
http://realestatepress.org