The Malaga port project includes one million square metres and is divided into three parts. The first of these, already developed, is the 37-storey hotel planned for 2020.
Malaga is looking for investors. The capital of the Costa del Sol wants to claim that it is much more than tourism and is presented as an alternative to large cities. "It would be very good if Malaga were also known for being a smart city or the city of museums," says the coordinator of urbanism, José Cardador, to EjePrime.
With this objective in mind, Malaga City Council is developing more than thirty projects to be implemented over the next ten years. Some of them are in the development phase, immersed in political battles, while others are waiting for investors. For this reason, among others, the City Council of Malaga wanted to make an act of presence in the Mipim, occupying almost a third of the Spanish Pavilion, in the boulevard of La Croisette.
"We came with many meetings, but here we have doubled them," says one of the people on the stand. This town offers high profitability both in high street and in shopping centres and prime offices, ahead of Seville, Valencia, Bilbao and even Barcelona and Madrid.
Malaga offers high yields in shopping malls, 'high street' and 'prime' offices.
Malaga is prepared for the arrival of investors. One of the projects in progress is the special plan for the port, which includes one million square metres and is divided into three parts.
The first wharf, already developed, has as protagonist the 37 floors hotel that Qatar Investment Authority wants to build, with an investment of 130 million euros. In the event of an investment, three office buildings and a customs building would be built on the second quay.
A large auditorium for cultural events is planned on the last quay. To this end, the urban development plan, still to be approved at the plenary session, will have to be ratified by the Council of Ministers. Local, provincial, Autonomous Community and State administrations will also have to approve an investment of 110 million euros in the project.
The city wants to build a large auditorium to hold cultural events
The second big project is Los Martiricos. The land, of a total of 67,000 square meters, foresees the construction of 220 subsidized housing, under construction, and 450 open houses.
The housing would be located in two towers of mixed use, without license yet, which also provides for the installation of offices and a commercial area. The homes, developed by Inmobiliaria Espacio, are expected to be completed within a year. In addition to the buildings, the area is expected to have a public park of 40,000 square meters and a space for equipment.
The last great project is the land of the former Repsol, in a bet of the City Council of Malaga to create an office area. The land also provides for the construction of four blocks of subsidized housing.
Of the total 177,000 square metres of the project, 25,000 square metres would be used for bricks. The rest is expected to be occupied by a public park, 80,000 square meters, and an area of equipment.
In addition to these projects, the Andalusian city has many more in progress. Most of them respond to the growth in residential demand, especially that which has to do with alternative assets such as student and elderly homes. "The urban planning permissions for major projects have increased by 40% in 2018," Cardador recalls.
Credits https://www.ejeprime.com/residencial/el-puerto-los-martiricos-y-repsol-los-tres-macroproyectos-de-malaga-2030.html