Moonlake plans to invest more than €1B on mega-project in Malaga

Moonlake plans to invest more than €1B on mega-project in Malaga

This project had already been announced by the company last year, but the total investment was only now disclosed.

In a release issued this Thursday, Moonlake recalls that it plans to develop more than 5.000 dwellings, as well as a 195.000 sqm space for corporate use, a 112.000 sqm logistic space and a 30.000 sqm commercial space on a 2.6 million sqm terrain. «Four of these projects are currently pending approval for its partial plans», revealed the company in the same document.

For the company, «this ambitious plan would represent the development of space with great strategic interest, since it is one of the few very large terrains available within the entire Costa del Sol, and with great prospects within Malaga’s corporate development».

Besides developing urbanisations, the company focus its activity on other segments, such as housing, logistic and, now, it is planning to carry out the acquisition of NPL and REO portfolios from funds and financial institutions with a new 600 million euro investment vehicle.

And this is not the company’s only plan for the country, last October Moonlake revealed that «it plans to launch a 600 million euro investment vehicle as a future project for the acquisition of Prime Assets in the best locations in Spain». Costa del Sol, Madrid, Barcelona, Seville, Valencia and the Balearic Islands are some of the locations under the company’s radar.

Another plan is to expand its activity in other countries such as Switzerland, France, England, the Nordic countries and the USA. In order to achieve that, the company should «launch 400 million euro of alternative investment in strategic locations in Europe in 2020».

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