Golf News Sotogrande: La Zagaleta buys Valderrama

Sotogrande represents the future of the rich & famous.

The classiest golf club in Spain buys the best golf course in the country or even in whole of Europe. La Zagaleta pays for Valderrama around 40 million Euros, an additional 200 million Euros to invest by the new owners in a second golf course with hotels and villas.

The magazine Golf World, Golf Digest or Peugeot Golf Guide – everyone agrees: Valderrama is the No. 1 of golf courses in Europe. Here among other things the first Ryder Cup in 1997 held in continental Europe, to various Volvo Masters came. In 2010 the “THE STRIPE GROUP” owned also by Golf-Star Greg Norman bought the estate for around 35 million Euros. Now the previous competitor takes over.

The La Zagaleta group runs the most “exquisite” urbanization for the richest people in the world in Benahavis at the Costa del Sol. Here it’s not a question who of the Forbes List is the owner of an estate at “La Zagaleta”, but rather who still does not own a property here. Among the many prominent owner are ex UBS CEO Oswald Grübel and actor Hugh Grant. According to unconfirmed information also Russian’s President Vladimir Putin owns a big mansion in precious resort. On 900 hectares, the group sells plots of land between 3,000 & 10,000 square meters & the majority of properties cost more than 10 million Euros. La Zagaleta is the most noble conglomeration of owners from Europe & perhaps worldwide.

Now, the La Zagaleta Group has taken the next logical step beginning of this year: For some 40 million Euros they have bought one of the most attractive golf clubs in Spain, Valderrama. In the upcoming years, there will be constructed Valderrama II and around the courses will pop up new luxurious homes. The plan is to invest over 200 million Euros in the next 10 years. An amount, which probably will refinance very quickly. Valderrama II will reach the borders of “Castellar de la Frontera”. Naturally, the new owners are getting name rights plus all the land; construction licensees are considered guaranteed. Sotogrande will be exploding, because the demand for really great luxury has never been better. In the emerging markets, whether in Russia or China, investors nowadays don’t feel sure about their money & therefore this new project of La Zagaleta comes just in time.

Check out our properties for sale at La Zagaleta & Sotogrande here.

Source: andalu.tv

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