Las Laderas del Pinillo
179 homes with 0 to 4 bedrooms, commercial units and garages in Torremolinos (Málaga), with views over the Alboran Sea and a communal Rooftop Club.
179 homes · 0-4 bedrooms · Luxury penthouses
179
Homes
11,204 m²
Land
26,462.42 m²
Buildable area
May 2028
Construction start
Construction start dates do not affect the debt investment repayment schedule.
Project summary
A large-scale development on the Costa del Sol.
The project brings together two adjoining plots — one municipal (7,079 m²) and one private (4,125 m²) — into a single 11,204 m² site. Total buildable area reaches 26,462.42 m².
- Homes with 0 to 4 bedrooms and an average surface of 133 m²
- Luxury penthouses with solarium, private jacuzzi and sea views
- Ground-floor commercial units
- Underground garages and storage rooms
- Communal Rooftop Club and shared amenities
Use program
| Use | Surface | Price | Revenue |
|---|---|---|---|
| Free-market housing | 22,858 m² | €4,200/m² | €96.00 M |
| Subsidized housing (VPO) | 1,023 m² | €2,350/m² | €2.40 M |
| Commercial units | 2,582 m² | €1,350/m² | €3.49 M |
| Garages and storage rooms | 5,135 m² | — | €2.96 M |
Figures taken from the May 2026 feasibility study. Urban planning parameters will be confirmed with the municipal file.
Gallery
Finishes and spaces designed for living.
Financial structure
Project figures.
The financial model is based on a total investment of €70.78 M and estimated revenue of €104.85 M, with a pre-tax profit of €34.08 M.
€70.78 M
total cost excl. VAT
€104.85 M
sales excl. VAT
€34.08 M
before taxes
32.5%
ATU scenario
Main costs
- Land acquisition€5.53 M
- Construction (building + development)€44.99 M
- Marketing costs€6.29 M
- Technical fees€4.69 M
- Financial costs€3.71 M
Public interest of the ATU
The Urban Transformation Action (ATU) multiplies municipal buildable capacity compared to the 1996 general urban plan and delivers more infrastructure and development to the municipality.
×2.9
Municipal buildable capacity
+€72.4 M
Additional revenue
Timeline
Urban planning milestones and construction schedule.
The urban planning process takes 24 months. As of September 2026 we are in phase 4 (municipal approval of the PRI). Construction of the homes is expected to start in May 2028.
Urban planning phases
1 · Drafting and delimitation proposal
Nov 2025 – Jan 2026
2 · Municipal approval (delimitation)
Feb – May 2026
3 · Interior Reform Plan + consensus
Jun – Sep 2026
4 · Municipal approval (PRI)
Oct 2026 – Mar 2027
5 · Reparceling project
Apr – Jul 2027
6 · Development + construction start
Aug – Oct 2027
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