Rafa Nadal to invest $200m with Palladium in ‘branded residences’ on Costa del Sol
Luxury Homes by Rafa Nadal. The Costa del Sol property project includes 50 beachfront homes in Estepona and an additional 40 apartments in the exclusive Nagüeles area of Marbella. Work in Estepona will begin later this year and is expected to be completed in 2027, while Marbella will be ready in 2028.
Reportedly Five daysBusinessman Abel Matutes and Rafa Nadal will launch the project through their new company Palya Invest and, in collaboration with developer Sierra Blanca, will invest more than €200 million in the construction of 100 luxury homes in Marbella and Estepona.
Selected model branded residences This is a global trend. According to auction house Sotheby’s, units of this type of asset have doubled their value over the past eight yearsThat’s why they sell for between $4 million and $15 million.
On a global scale, branded residences They sell for between $4 million and $15 million.
Malaga developer Sierra Blanca will be responsible for building and marketing the homes. The real estate company, headed by Pedro Rodriguez, is promoting branded residences with luxury brands such as Dolce & Gabbana, which generated sales of 250 million euros on Marbella’s Golden Mile.
Establishment of Palya Invest
Palya Invest emerges after spin-off of Mabel Capitalcompany that Nadal and Matutes shared with real estate businessman Manuel Campos. While Campos retained the restaurants Tatel and Totó, Nadal and Matutes took over the real estate and other investments, such as the production company Komodo.
The new luxury homes will be stamped with prestigious brands, following the trend of combining luxury real estate with exclusive services. Although in this case they will not be linked to hotel services, as in other similar projects, these brands will bring their style to both the exterior and interior design, as well as the furniture.
Matutes and Nadal have been working together for almost ten years. Among the most iconic projects are the Mabel Villa complex in Paris and a luxury residential complex in Madrid. Matutes expressed his intention to continue this development with Nadal, emphasizing the excellent relationship between them.
The project complements the various investments of Nadal, who through his holding company Aspemir has significantly increased his capital in the last year. For its part, the Matutes family continues to expand its hotel business with such established brands as TRS, Ushuaïa and Hard Rock.