Picasso Towers is unique luxury waterfront residential property development on the Mediterranean coast, located in Malaga and endorsed by Hollywood actor Antonio Banderas. The actor was born in this popular Spanish city in Costa del Sol, which in recent years has undergone a true renaissance thanks to millions of euros of clever investment. Banderas will also be a resident at the Towers, now that is a unique selling point, and major enticement for the actor’s legions of fans!
The Towers are the most recent development that you will find in Malaga, and they have been designed to enhance the already existing residential offering. The three towers of ultra-high-end apartments are designed by reputed Spanish architecture firm Estudio Lamela and award-winning interior designer Jaime Beriestain. The first apartments will be delivered by the end of 2021, and the whole resort is expected to be completed by 2023.
Picasso Towers will be constructed and developed by leading Spanish developer Metrovacesa and Sierra Blanca Estates Developments, the renowned expert in luxury properties in southern Spain. The luxury residences will all have great ceiling height, the finest flooring and carpentry, top brand kitchens and bathrooms, and will have access to world class amenities & 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.
The Picasso Towers project has been designed with a vertical structure in order to make the most of space and offer a feeling of freedom. All of the properties overlook the sea, with views that only a select few can enjoy. The building´s shape resembles the movement of sea waves thanks to the heterogeneous overlapping of layers which, in addition to creating that dynamism, are also brimming with light. The developer’s aim was to revamp standard constructions, and create something that was striking and that represented the cosmopolitan character of Malaga.
More than a quarter of the apartments are already sold to buyers from Europe and the US. They chose 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. But most of all, according to Sierra Blanca Estates Developments and Metrovacesa, buyers are drawn to the exceptional services that will be provided to all owners and residents.
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 in the development is £1million, the most expensive apartment is a four bedroom apartment of 380.80m2 with an 83m2 terrace overlooking the Mediterranean Sea it has a purchase price of £3.1million. For purchasers not using their property throughout the season, there is the rental option which will provide maximum return on investment. The properties represent a unique opportunity for buyers looking for luxury seaside property with high income potential.
