The Marbella Property Magazine 2008 Ed. - Part 1

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The Marbella Property Magazine PUBLISHED BY PANORAMA, MARBELLA’S LONGEST ESTABLISHED REAL ESTATE AGENCY

Page Letter from the Publisher .............................. 5

The Marbella Property Market Report: Perspectives for 2008 ...................................

Page 27 Villas Panorama markets Marbella’s most exclusive villas

6 Page 14 The Beginnings of The Marbella Club

By Count Rudi von Schönburg

Special Feature: The Beginnings of The Marbella Club ......... 14

Four Generations and over 100 years dedicated to the Real Estate Profession ........ 20

Page Feature Article: Legislative News ........................................ 122

Villas ............................................................. 27 The Property Seller’s Guide ....................... 126 Apartments and Townhouses ........................ 67 Local and International Partnerships .......... 135 Long-Term Rentals ...................................... 105 Arturo Losada, photographer ..................... 136 The Property Buyer’s Guide ....................... 112 The Panorama Team ................................... 137 Feature Article: Marbella: A City of the Future .................... 118

Map of the Urbanizations of Marbella ....... 138

The information contained in this magazine is provided in good faith and believed to be accurate at the time of publication. Nevertheless, it is subject to error or ommission, and the properties advertised are also subject to prior sale or and withdrawal from the market.

EDITA / PUBLISHED BY: PANORAMA PROPERTIES SL TEL: +34 952 774 266 FAX: +34 952 822 111 info@panorama.es www.panorama.es

Publisher: Christopher Clover

Domicilio Social: Edif. Centro Expo Blvd. Alfonso de Hohenlohe, s/n 29602 Marbella, Málaga, España DEPÓSITO LEGAL: MA-4432004

Professional Photography: Arturo Losada, Nicholas & Juan Carlos Teuma, Claudio Curia. Wayne Chasan (cover, pages 44, 45 and 55), Bradley Cobb (page 30), Christopher Lawton (page 50), Tania A. Aves (page 58), Pedro Garrido (page 62), Gary Edwards (page 95).

PANORAMA y el logotipo de Panorama son marcas registradas.

MARBELLA PROPERTY MAGAZINE es una marca registrada.

Contributors: Inge Strik, Sarina Garber, Williston H. Clover, Count Rudi von Shönburg, Ignacio Pérez de Vargas, Mauro Cruz Conde, Jaime Abrisqueta Ynzenga, Jorge Garvayo, Beatriz Garvayo, Susana Urra Calzada

Editors: Katinka Clover, Patricia Torney Production Manager: Adriana Couceyro Méndez Art Director & Design: Eurodimension, Kirsten Clover

Impreso en España por Artes Gráficas Reunidas.

Copyright © 2007 Panorama Properties S.L. Se reservan todos los derechos. Ninguna parte de la presente publicación, su formato o la información en ella contenida puede ser reproducida, vendida, traducida, transmitida o retenida en ningún tipo de sistema de almacenamiento o de recuperación de información sin el consentimiento previo por escrito del editor. Se ha hecho todo lo razonablemente posible para asegurarse de que la información contenida en la presente publicación sea exacta. No se acepta, sin embargo, responsabilidad alguna por cualquier perjuicio sufrido, de la forma que fuere, por cualquier sociedad o persona que confíe en la información aquí incluida. Tampoco se acepta responsabilidad alguna por cualquier error u omisión o cambio en la información contenida en la presente publicación.

Cover photo by Wayne Chasan: Entrance to the Domecq Palace, built in the second half of 18th century, in Jerez de La Frontera, Cádiz, Andalucía.

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_xààxÜ yÜÉÅ à{x câuÄ|á{xÜ Dear Reader, There is the scent of optimism and excitement in the air! Marbella’s recent election of our new Mayoress, Ángeles Muñoz (see her introduction to this magazine), has resulted in the immediate and definitive closure of the Gil era and the commencement of, in her words, the “Rebirth of Marbella”, a period where excellence and transparency in municipal leadership and government has already clearly shown a marked improvement in all aspects of Marbella, with a lot more to come. Our Market Report contains important information about this event.

In this issue, our fourth and largest, in addition to our feature Market Report and a marvellous article by Count Rudi von Schönburg, there are other informative articles written by top lawyers in their fields, one about the new General Plan of Marbella and the other about new tax legislation. And, of course, some beautiful samples of properties available through Panorama for purchase at the time of printing, along with our classic advice articles dedicated to our buyer and our seller clients, in the last section of the magazine.

In these recent years, I have worked to bring together a team which is highly professional, energetic, enthusiastic, well educated, multi-lingual and charismatic, and especially one which shares my family’s values of service and dedication to our profession on the highest levels. I feel fortunate to be surrounded by such caring professionals (see the team on page 137).

I would therefore like to dedicate this magazine to this special team, who in fact make Panorama what it is today, as well as to my six family members including my two children, their dear mother and my wonderful second wife, by brother and especially my father, all of whom have given me great support over the years. And, of course, last but not least, to our thousands of buyer and seller clients over the past 38 years, (and our advertisers!) without whose support and, in many cases, friendship and advice we would not be here today.

We hope you enjoy this publication, totally edited in-house by our own team, and we welcome any comments or suggestions you may have for its improvement.

Christopher Clover Managing Director, Panorama Properties

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The Marbella Property Market Report The Rebirth of Marbella – Perspectives for 2008 In this year’s edition of Christopher Clover’s award-winning series of Marbella property market reports, once again we present a complete analysis of all aspects of the current Marbella property scene.

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R E P O R T

a national scale in Spain with that of residential tourism on the Spanish coasts, (particularly the Costa del Sol and Marbella), have ignored one critical, fundamental fact: that what might be turning into a bubble and over-construction nationally (the Spanish national newspaper El Mundo stated last year that up to 60% of the homes built nationally were sold to speculators) is not fully representative of the market on the coasts, which adheres to substantially different market criteria and sources of demand.

O

ne of the oldest and best-known rules of economics is the law of supply and demand: that supply and demand are constantly seeking equilibrium, but when demand exceeds supply, prices rise and when supply outstrips demand, prices fall.

This law also applies, of course, to real estate and partly explains the cyclical nature of our industry. However, in the medium-term, the scales are almost always in favour of purchasers who buy with intelligent criteria, location being one of the key factors: urban land is usually in limited supply and even more so in the “best areas” within municipal boundaries. Cities grow, and those that are popular with higher income purchasers, who identify with a level of quality such as that offered by Marbella, grow even faster.

This is precisely why real estate investment, carefully made with respect to location, price, quality and timing, is and will continue to be among the most reliable and consistent sources of wealth creation. And at the same time, with respect to residential property, such investment can offer a life style that is highly attractive to the purchaser, thereby combining the best of two worlds.

Buyers, nevertheless, should always exercise caution. Newspaper articles may be misleading and should of course not constitute the sole basis for investment decisions.

For example, those who write “market information” articles equating what is happening in the real estate market on

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It is a multi-source market, fed from all European countries and from others even further afield.

Multi-source demand The critical factor differentiating the Marbella area market from the national market is that the former is comprised not only of national buyers but also, and especially, of international buyers. It is a multi-source market, fed from all European countries and from others even further afield. Thus, when one country’s demand for foreign property starts to drop (which might be the case in some years for the British market, now still strong due to a strong economy and strong pound), it will be replaced by another source of demand (which may be, for example, the German market as Germany is finally beginning what has already been called its “second economic miracle”, after years of economic problems).

Such multi-source demand creates deeper and longer-lasting market stability than would be found in any single-source market, anywhere.

Property speculators Unlike property speculators on a national basis, most foreign as well as Spanish speculators for coastal investments stopped investing for all practical purposes when the off-plan purchases, inevitably and predictably, ground to a

halt in the year 2004, when prices of land and construction reached unacceptable levels, preventing buyers from selling on their speculative purchases to an end-user or another speculator.

The consequent oversupply on the coast of new two and three-bedroom apartments and townhouses, especially in areas which are not consolidated or fully developed, has resulted in a price drop in real terms of maybe 15% or more for these types of property in the last three to four years. It is indeed a buyers’ market for this category of property in some parts of Marbella and surrounding areas and, one should note carefully, there are some real bargains now appearing at price levels that may not repeat themselves in future years.

As a result of those off-plan investments cooling down in 2004, many of the original speculators have consequently moved their investments to other countries such as Bulgaria, Croatia, Morocco, Egypt, Brazil, Cabo Verde, Mexico, the Dominican Republic and others that are starting out as second-home destinations.

They may well, however, be in for an unpleasant surprise when they find that the construction, in many cases, will far outstrip the supporting infrastructure and necessary services around it, and prices may often be inflated by unscrupulous “get-rich-quick” agents. Those who choose this type of investment should be careful to use agents known for their integrity and long market experience.

Market consolidation So, what does all the above mean? It means that the end-user is the dominant player in the market today. The pure speculator for lower-priced, off-plan properties has all but disappeared, leading to a market which is presently, in general terms, consolidating and maturing.

The “in-and-out” speculator buyer to a great extent distorts any property market, and the fact that the off-plan purchaser is influencing the market to a far lesser extent today than in the past is a very healthy indicator of a return to more nomal conditions than those experienced from 1996 to 2004.

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The speculator, however, hasn’t totally left the scene. Instead, he is more cautious and more demanding.

Higher priced properties still very much in demand It is worth noting that properties in the €800,000-€1,000,000 range and over, which are located in the more consolidated areas closer to services, etc. have been maintaining their value extremely well.

They are still in good demand by the classic, end-user client and continue increasing, albeit at normal levels, but sometimes even reaching record prices.

The speculator, however, hasn’t totally left the scene. Instead, he is more cautious and more demanding. The product he seeks has to fulfill key criteria which include: a well located development, good facilities and security, closeness to amenities, quality in design and specifications, etc. And the timing is important: he seeks to invest right at the start of construction, when he can get the best choice at the best price and, today, he might take a more medium-term view of the market rather than a short-term one.

In addition, the last three to four years have seen a general leveling of prices, an integral part of the consolidation process, and there is less volume of sales than in years past. A great part of this lesser volume is a result of less speculation, as indicated above. Another reason, particularly in Marbella, is that there is

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now much less zoned building land available for new construction due to the delay in the approval of the new General Plan, which has provided a strong cushion of support for the resale market.

And, as the market returns to normal after the “boom” years, properties are taking a longer time to sell today than two or three years ago.

The real estate agencies that have made fortunes in years gone by through exhibitions abroad and “inspection flights”, selling new or off-plan properties especially in the lower price ranges, are having a much tougher time today, and some of the smaller and even larger agencies have closed, especially those without great experience in the resale sector of the market. This is a perfectly normal part of a market adjustment witnessed many times over the past four decades.

The reason for the continued strength in the higher priced properties is that there are very wealthy buyers out there looking for quality homes in quality areas.

According to the 2007 Merrill Lynch and Capgemini World Wealth Report, there are 9.5 million high net-worth individuals in the world, up from 7.2 million in early 2003, many of whom are only a short direct flight away from the Costa del Sol and who either already own or wish to acquire a second or third home here. Not only are the wealthy becoming more numerous, but the alreadywealthy are also becoming increasingly more so, and there are only a limited number of outstanding, appropriately priced properties in the best areas.

With these clients, as well as the tens of thousands of others who are free of economic worries but do not consider themselves jet-set material (nor do many of them want to), Marbella is very much the place to be, with direct and easy flights from most major cities in Europe, a vastly improved infrastructure compared with years past which far surpasses that of other newer resort areas in the world, a 12-month season with activity of all types in the winter months, and the best climate in Europe, even though it is not as cheap as it was in times gone by.

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Moreover, there are sales every single day of properties priced between €2,000,000 and €5,000,000 or more, a market which was virtually non-existent before 1996, as most of these luxurious properties have been built since then.

Properties on the beach side of the Golden Mile and in the most consolidated and best areas are very difficult to find, and when they come on the market, at intelligent asking prices, they sell very quickly. Once again, all this goes to show that the age-old rule of “Location, Location, Location” being the three most important words when purchasing property, still holds true.

Recent bad press, already a factor of the past During the past three years, up until mid 2007, the national and international press have had an orgy of exaggeration and prediction of doom and gloom, deriding Marbella, its surrounding areas and its people due to the unfortunate events and disorder of the recent past, caused by urban planning issues and corruption. The corruption which has been brought to light in Marbella, thanks to “Operación Malaya”, is unique in its magnitude, stemming directly from the enormous demand for properties in

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R E P O R T

this very special part of Spain and the consequent amount of new property development from which this corruption was born and fed.

Corruption linked with politics and city development is not unique to Marbella, but rampant in many Town Halls throughout Spain, as observed in countless articles in the national press: in Valencia province, for example, 31.3% of citizens recently ranked corruption as their most serious problem. Part of this problem is the system for financing Town Halls, which derive between 40 and 60% of their income from different levels of urban development activities, a system devised by the political parties themselves, of course, and a system which must be modified on a national level as an essential first step to reducing and eliminating corruption throughout the country.

Properties on the beach side of the Golden Mile and in the most consolidated and best areas are very difficult to find…

Unfortunately, corruption has not been the only issue affecting the image of Marbella. In 1997, then Mayor Jesús Gil made an incredibly unwise decision in raising his political aspirations from a municipal to a regional level. The immediate result was a decision by all of the political parties and their accompanying press of all categories, to destroy him and his party, and Marbella itself fell victim to these politics. Although consensus had already been reached in principle between Gil and the Regional Government with respect to the General Plan of 1998 before Gil’s political expansion, one of the first main steps taken by the Regional Government as part of its anti-Gil strategy was to reject this plan. Had this not happened, the 1998 plan would be in effect today, and most of the building permit problems of the last few years, would have already been resolved.

Very unjust, politically motivated discrimination and maneuvering against Marbella, with the collaboration of the media, has therefore been one of the principle factors negatively affecting the city in the past decade, a fact which many of the resident and non-resident owners have not yet fully perceived in its real light. Fortunately, there is every indication that this attitude has changed

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with the election of Ángeles Muñoz as new Mayoress of the City, and a new spirit of collaboration has commenced between the City Hall and the Regional Government.

Only 752 units cannot be legalized in accordance with the proposed General Plan for Marbella Much of the press has clearly enjoyed publishing articles stating that there were over 30,000 illegal homes constructed in Marbella and that many of these would probably be demolished, spawning totally unnecessary public fear and insecurity. The real number is around 19,000. Almost all of the owners of these living units bought their properties with a valid building license issued by the maximum authority, the City Council, almost all are inscribed in the land registry which is the last word with respect to ownership, and many also have valid first occupancy permits.

The press conveniently ignored that third-party end-users who bought properties such as these in good faith, would always be protected by Spanish law, except in the most extreme cases where a solution could not be reached to legalize the property.

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…there is very little question that there will be some fair solution reached protecting those who have purchased in good faith…

Coming as no surprise for many who understand the planning procedures, and the amazingly ill conceived politics promoting public fear and insecurity, it was announced (El Pais, 15/07/07) that the initially approved New General Plan for Marbella, only anticipates that 752 living units will not have the potential of becoming legalized. And of these, one can rest assured that for those which have already been occupied by end-users (377 in all) there is very little question that there will be some fair solution reached protecting those who have purchased in good faith, as already announced recently by our new Mayoress.

What happened to the 30,000 living units which were going to be bulldozed into oblivion? Well, solutions have been found to accommodate them and legalize their situation within the context of the

New Municipal General Plan, so urgently required by Marbella, as everyone in the know had anticipated (see the article by the Urbanistic Lawyer Ignacio Pérez de Vargas on “Marbella: A City of the Future” on page 118).

New political leadership resulting in the “Rebirth of Marbella” The new Mayoress has campaigned with great energy for many years to lead Marbella out of its recent political and financial quagmire into a new era. She has met with virtually everyone in the city. She has carefully and meticulously organized and prepared herself and her team, as no other candidate ever before her. She has surrounded herself by topnotch Town Council members of her party and advisors. She has proven herself to be qualified to do the job and easily convinced the people, resulting in sweeping the elections in May 2007, winning 16 of the 27 seats on the City Council.

Muñoz (see her introductory letter to this magazine) has pledged a policy of total transparency and of cordial relations with her political opponents, which for the moment has produced a very favourable reaction from all parties, and a return to a normal political situation.

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She has already started cleaning up the city and re-organizing the financial situation she inherited. She will make transparent efforts to safeguard our municipal patrimony and to recover that which was illegally taken away. She is taking many steps to counter-measure the negative public press Marbella has received in recent years. She has welcomed the opinions of both residents and non-residents alike, to help her to do a better and more effective job, and created the organisms to do so with the appointing of one of Marbella’s original founders, Count Rudi von Schönburg as the head of the Tourist Consortium of Marbella (see Count Rudi’s article about the beginnings of the Marbella Club Hotel on page 14).

Marbella is quickly returning to normal, with exceptionally qualified and transparent leadership, which was the necessary prerequisite to do so. What can we predict for the near future?

1. The new General Plan, at the top of the priority list, should be definitively approved within the second half of 2008.

This Plan will protect Marbella from future overbuilding, provide new green zones and service zones, and even the mere anticipation of the new Plan is already bringing the situation back to normal, with a sigh of relief from everyone that we are well on the way to resolving the urbanistic insecurity of the past few years.

R E P O R T

3. Financial order and discipline, already strictly imposed by our new Mayoress, will be the order of the day and, well before the end of her four-year term, solid foundations of financial good health will return to our beloved city. A part of the municipal assets sold in the past in a manner to enrich a few, against the interests of the local community, will be recovered. We will see the city cleaned up, services and infrastructure improved and our city cared for like never before.

4. The new airport terminal and runway, well under construction, will almost double the airport’s capacity to 20 million passengers a year.

5. In a few short years, the new planned coastal railroad, with an estimated budget of three billion euros, linking Nerja, to the east of Málaga, and Estepona in the west, will become a reality.

6. The completion of the tunnel (finally now begun) under the bottleneck of San Pedro, will ease the congestion on the Coastal Road west of Puerto Banús.

7. The new AVE fast train from Madrid to Málaga will reduce travel time between the two cities to only 2 hours 30 minutes, opening a very viable and very comfortable alternative route of travel to the province.

8. The oversupply of lower budget apartments in Marbella and the Greater Marbella area will be absorbed little by little between 2008 and mid-2009, and in the meantime, important opportunities will exist in this price range.

9. The more expensive properties €800,000, €1,000,000 and substantially more in the most consolidated residential areas, will continue to be in demand by those buyers wanting “the best” areas, and for those sellers who price their properties realistically.

10. Quality will be the key word for the developers of the future of real estate in this area: quality in location, concept, construction and finishing materials, architecture, and special features, with added value given to low-density developments, security, and high-tech living units. The “caring developer” who

2. There are already new protection laws for our environment, with the POT (Plan de Ordenación Territorial) which coordinates the services and growth along the whole stretch of coast between Mijas and Manilva, in addition to those measures taken in the proposed new General Plan.

Quality will be the key word for the developers of the future of real estate in this area…

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puts his experience and heart into his project will be the winner. The model of the developer of the past, whose creed was “build them quickly, cheaply, sell them and move swiftly on to the next project” is dead and buried.

Is it easy and safe to drive to different destinations nearby as it is here with Gib, Sevilla, Puerto de Santa María, Ronda..?

There are of course alternative residential resort locations in the world, some of them mentioned at the beginning of this article. However, the important questions one should reflect upon before purchasing property, especially to use part or full time, are as follows: • Is there a 12-month season with a great winter and summer climate, with sporting and cultural activities of all types, nightlife, superb restaurants, or is it a resort, as most, which is highly seasonal in nature and “rolls up the side walks” from October to May?

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• Do quality public and private services exist?

• How about the infrastructure – roads, airports, sewage, rubbish collection, water supply, etc?

• And how about the educational system?

Are there international English, German and French schools close by? And are there prestigious universities in the country?

• Are there quality hospitals and health care services available?

• What about cleanliness?

• Are you surrounded by poverty?

• How about one’s physical security? Can one walk around during the day and at night feeling safe?

• Is there a “police state” where sometimes policemen are looking for “tips” or might make problems for you, or do the police respond to civil government norms which protect citizens and tourists alike?

• Is there legal security, or can “rights” given today be taken away tomorrow by the next government in office?

• Is there respect for human and civil rights? Is there discrimination against women, children and workers?

• Is it easy and safe to drive to different destinations nearby as it is here with Gib, Sevilla, Puerto de Santa María, Ronda, Granada, Córdoba and the Andalusian white villages?

• How many direct flights are there from

the capitals and other major cities of Europe, and how long does it take to get there?

• Is there any social life, public and private events, concerts, parties, glamour and excitement available, if you want it?

• Are there over 30 easily accessed golf courses in the area?

• Does it offer the protection of the European Union?

Think about it. Marbella offers all the correct answers to the above questions, and much more. Think about the special and relaxed life style here! How many places in the world can match the Marbella of today with respect to the above criteria?

With the closing of the Gil era, and the arrival of Ángeles Muñoz, we are in the process of witnessing the “Rebirth of Marbella”, and exciting times lie ahead for the city and its people. A sharp and clear improvement of its image, finances, infrastructure and public services is well underway. Marbella is now reaching out to realize its true potential, and to consolidate its place as the world class, quality resort destination of the 21st century.

By Christopher Clover Copyright © 2007 Panorama Properties SL. All rights reserved

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S P E C I A L

F E AT U R E

The Beginnings of the

`Marbella VClub

By Count Rudi von Schönburg

Introduction by Christopher Clover I had the pleasure of meeting Rudolf Graf von Schönburg, known in Marbella simply as “Count Rudi,” and his gracious wife Princess Marie Louise of Prussia, in the first year of my arrival in Marbella in 1973 when I took charge of Panorama’s office here.

Over the years I have come to know Count Rudi and Princess Marie Louise well. I never cease to be impressed by the exemplary life they lead, and by how much this couple gives of themselves and so sincerely from their hearts, with so much humility, to the Marbella community, to their friends, to their family, to their work and their many responsibilities, and to the people having the good fortune to meet them.

The Marbella Club is fortunate to still have Count Rudi in his major leadership role with them: this is a man who has lived the Marbella Club story in full since its very beginnings in the Spring of 1954, and not only witnessed the very awakening of tourism in Marbella fourteen years before the inauguration of Puerto Banús, but especially has been at the very heart of the development of “quality tourism” in our beloved city since that time.

I have known few people of Count Rudi’s 75 years of age who can accomplish in one day what would be for another two day’s full schedule, with great German self-discipline and attention to detail, and with the vitality of a young man.

Wherever he goes, his indomitable spirit of grace, hospitality and good will towards others accompanies him.

His activities, carried out with the simple but select style of the Grand Seigneur that he is, include his many responsibilities with his beloved Marbella Club, his Presidency of the Brotherhood of Santa Marta, the Patron of Hotels and Gastronomic Establishments, his Presidency of the Board of the best international school in Marbella, the Juan Hoffman German School, his work in the Municipal Government as a principal advisor to the Mayoress and as Chairman of the

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PRINCESS MARIE LOUISE OF PRUSSIA AND COUNT RUDI VON SCHÖNBURG TODAY

Marbella Tourist Consortium, his constant support to his beloved wife in her indefatigable work with Concordia and other charitable organizations, and his equal devotion to his children, relatives and his many friends both here in Marbella and around the world.

In recognition of his contributions to the city of Marbella and to bilateral relations between Germany and Spain, in 2002 Count Rudi was awarded the Great Cross of Isabel la Católica and the Grand Cross of the Order of Merit of Germany.

An Avenue in Marbella has been named after him. He was awarded the Spanish Silver Medal of Merit for Tourism, as recognition for his valuable work as President of the Spanish and Portuguese Delegation of the prestigious French organization “Relais et Châteaux”; the Medal of the Ideal Citizen by the Rotary Club Marbella; the famous Arch of Marbella, and countless other awards during his 50 years presence in this city.

I am deeply grateful that Count Rudi enthusiastically agreed to write the following article and share a few of his many experiences with our readers. How he found the time to do so in his busy schedule confounds me. He writes just as he talks, with style, good humor and grace. The accompanying photos supplied are all from Count Rudi’s personal collection.

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C L U B

T

o the reader, this will probably sound more like a fairy tale than the authentic description of the beginnings of the Marbella Club, but it is the exact way that it all started. …A lovely small pinewood, on the edges of a large olive grove, giving shade to delicious vineyards, 3 miles to the west of the historic fortified town of Marbella, overlooking the straights of Gibraltar with the “Columns of Hercules” where the people from Classical Antiquity believed the world ended, made young Prince Hohenlohe fall in love with this “sleeping beauty” in 1944. The unique microclimate, the beautiful light, the delicious aroma of the air, the dark blue sea full of fish, virgin beaches and, last but not least, the friendly character and hospitality of the local people fascinated the Prince to such an extent that he decided to alter his travel plans and to start negotiations to purchase the finca Santa Margarita, the property on which he and his father had entered to have a swim and picnic lunch. On this beautiful finca the Marbella Club is situated today.

It immediately became their firm intention to save this “Garden of Eden” for posterity, and send word of their discovery all over the world. After building his own home in the lovely pinewood, he transformed the abandoned farmhouse into a meeting point for the new settlers and called it the Marbella Club.

PRINCE ALFONSO WITH JAMES STUART

With his style of “elegant simplicity” he soon added twenty simple but charming rooms to accommodate not only transit guests desperately seeking overnight accommodation, but also all those friends who he had convinced to visit Marbella with his enthusiastic reports of his “Paradise on Earth”.

It immediately became their firm intention to save this “Garden of Eden” for posterity and send word of their discovery all over the world.

But also the often-blamed primitive telecommunication service helped the new Club to become very popular! Since the hotel had one of the very few telephones in Marbella, neighbours from all around came to the Club to make their telephone calls and enjoyed all the other facilities while waiting for their connections. It should be explained that there were few telephones available, and there were only two lines on the whole coast between Algeciras and Málaga and one depended on the kindness and efficiency of the operator in town to connect you to one of those two lines as soon as one became free. Knowing this you will not be surprised when I tell you that it took between one and two hours to connect a call to Málaga, and between four and six hours to connect with Madrid or other European capital. This gave the customer plenty of time to swim, play tennis, have lunch or even play a rubber of bridge while waiting for the connection, which created a very jolly atmosphere at the Club – plus additional income!

The price of a double room, in those days, including full board, was 285 Ptas. per person per night, or about €1.70!

It would be wrong to pretend that the hotel was only filled with celebrities, film stars, aristocrats and politicians.

Had that been so, the hotel would have been ruined after a very short time!

No, there were so many faithful transit guests, who discovered the Marbella Club by pure chance while searching desperately for overnight accommodation on their

PRINCE ALFONSO AND THE DUKE OF WINDSOR

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M A R B E L L A

C L U B

way from Morocco back to France, or from Portugal to Granada… They were enchanted to find such a charming, clean “Motel” amidst beautiful gardens, with the result that some stayed on an extra night and returned next time for two or three weeks and obviously told their friends of their marvellous discovery – so the news travelled by word of mouth.

But obviously our greatest Ambassador was Prince Alfonso who, with tremendous enthusiasm during his continuous journeys around the world, told everybody of his beautiful hotel. It is therefore not surprising that suddenly illustrious members of the European Aristocracy like the Fürstenbergs, Bismarcks, Metternichs and Archdukes of Austria, Scandinavian royalty and exiled kings; as well as famous Hollywood stars like James Stewart, Merle Oberon, Ava Gardner, Kim Novak and beautiful Audrey Hepburn with her husband Mel Ferrer; bankers like the Rothschilds and Oppenheims; industrialists like Henry Ford, the Krupps and the Agnelli family, Onassis and Stavros Niarchos showed up in Marbella.

The people of Marbella could hardly believe their eyes when they recognized in their narrow streets such celebrities they had up to then only ever seen on the movie-screens or in popular magazines.

As I was cousin of the Prince and graduate of the Swiss Hotel Management School in Lausanne, Prince Alfonso, in 1956, convinced me to come to Marbella and introduce modern management techniques and a high-standard, personalized service into the Marbella Club. It was not an easy task to satisfy the expectations of all those

MEL FERRER, AUDREY HEPBURN AND MRS. RUBINSTEIN

THE DUCHESS DE LA ROCHEFOUCAULD AND SENATOR EDWARD KENNEDY

…with entertaining weekly parties and excellent service, the international globetrotters soon considered a stay in the Marbella Club to be a “must”.

THE DUCHESS DE LA ROCHEFOUCAULD AND ARTHUR RUBINSTEIN

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important guests, used to travelling from one palace to another, in what was still an extremely simple but charming hotel.

However, with professional experience, diplomacy and aristocratic style, we were able to turn that small “Country Inn” into one of Europe’s Top Hotels, forming a part of the Leading Hotels of the World and member of Relais et Châteaux.

Thanks to knowing how to combine the special Club atmosphere with entertaining weekly parties and excellent service, the international globetrotters soon considered a stay in the Marbella Club to be a “must”.

Amusing, regular Tuesday informal dress dinners at the Beach Club, which we pompously called “gala dinners”, encouraging the guests to come elegantly dressed but without a tie, added a special flair to the normally casual atmosphere

GINA LOLLOBRIGIDA WITH THE SPANISH DANCER ANTONIO

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T H E

B E G I N N I N G S

and gave us evenings to remember, like the night when the Duke and Duchess of Windsor attended one of those “galas” trying to follow our dress code, very much against the Duke’s normal habits to always wear a tie, even in summer.

O F

T H E

M A R B E L L A

Marbella Club the necessary touch of female taste, royal glamour and class.

The 15 previous years of bachelorship had given me time to dedicate every minute of my day to improve the success of the Club, but had also created a lack of feminine influence in the management.

The guests, informed of the attendance of such an illustrious guest, decided to abandon their elegant informal dress and all the men showed up with coats and ties! When the Duke entered the Beach Club, he was wearing a Hawaiian shirt with an open collar! The Duke blushed and disappeared without the other guests noticing it and returned soon afterwards impeccably dressed in a dinner jacket.

What a shock to all the other guests, who had meanwhile relaxed and taken off their ties, to be confronted with this further controversy! Only a man as great as the Duke of Windsor could resolve the situation by taking off his bow tie and throwing it into the pool!

Devoted to our work, the Prince and I formed a perfect team, using our different talents and world-wide contacts to create one of the most emblematic hotels in the world, and succeeded to encourage friends to invest in Marbella, creating luxury developments and residential areas with golf courses, marinas and polo fields. Right from the beginning, it was always our aim to keep the style of this “small oasis” free from high-rise buildings and overcrowding, and to maintain a garden city where traditional local charm and cosmopolitan style and elegance blended smoothly together.

WEDDING OF PRINCESS MARIE LOUSIE AND COUNT RUDI IN 1971

C L U B

After the most beautiful marriage in the Black Forest in May 1971 and the marvellous honeymoon of six weeks, travelling from the North to the South of the American continent, we were welcomed by Prince Alfonso on our return to Marbella, with an unforgettable Beach Club party, followed by weeks and weeks of festivities which made the summer season of 1971 at the Marbella Club to be remembered as one of the most amusing and entertaining summers in its history.

We were so incredibly happy, but missed very much having children. Finally in May 1979 our long-awaited first child was born, our darling daughter Sophie.

The joy over this long-expected birth filled the hearts of the Marbellíes and of the whole of Spain, to such a point that Her Majesty Queen Sofia offered herself spontaneously to be the Godmother of her newborn niece. Nobody in Marbella will ever forget the glorious entry of Queen Sofia with the baby girl in her arms, into Marbella’s main church, La Encarnación, to the overwhelming

Our aim was to maintain a garden city where traditional local charm and cosmopolitan style and elegance blended smoothly together.

My marriage in 1971 to Princess Marie Louise of Prussia, great-grand daughter of Germany’s last Emperor, brought about a great change, turning my life into happy family life and giving the QUEEN SOFIA WITH LITTLE SOFIA VON SCHÖNBURG IN 1979

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O F

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C L U B

sound of the famous organ “Sol Mayor”, as well as the jubilant acclamation of the population. The birth, six years later, of our son, Friedrich Wilhelm, now studying at the famous hotel school in Lausanne, completed our happiness.

Our devotion since our first arrival to Marbella, to enhancing and improving the success of Marbella, preserving the beautiful traditions of the old town and supporting the people in need, made the Marbella people soon consider us one of them.

We were devoted to improving the success of Marbella, preserving the beautiful traditions of the old town and supporting the people in need…

THE MARBELLA CLUB HOTEL IN 1975

GERT GORDON STENGER, ADNAN KASHOGGI, PRINCE ALFONSO AND MRS. KASHOGGI

PRINCE JOHANNES VON THURN UND TAXIS AND ADNAN KASHOGGI

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The arrival of Crown Prince Fahd and his brother Prince Salman from Saudi Arabia in the late seventies leant wonderful support to our philosophy: luxurious palaces hidden in large gardens granting comfort and privacy.

Soon after, several potentates and wealthy businessmen from the Emirates, who cherished the company of the Saudi Royal Family, followed them. They brought the badly needed petrodollars into the post-Franco Spain and justified the hope that our fight to save the beautiful resort for posterity had not been fought in vain.

HAROLD ROBBINS WITH MR. AND MRS. JEAN NEGULESCU IN 1976

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T H E

B E G I N N I N G S

O F

T H E

M A R B E L L A

C L U B

Sadly these spring feelings were soon suffocated by the uncaring municipal administration during 14 unfortunate years, from 1977 to 1991, to the point that Marbella plunged into the worst moment of its history. In addition to this catastrophic situation, Prince Alfonso’s Saudi partner died and left his shares in the hands of his heirs, who had no other interest than to sell the hotel for the best possible price in the quickest way.

All seemed lost… but again a lucky star appeared on the horizon in the person of David Shamoon, owner of one of the nicest beachfront homes in the Marbella Club’s residential zone “Santa Margarita”, who realized that all his investments and the glory of Marbella would vanish if nobody were to take the initiative to save the flagship, the Marbella Club. He convinced a few friends to buy the Club’s shares with him and invested a lot of money in hotel to bring it back to its old glory, improving and modernizing all installations and the restaurant to super standards, without loosing its typical charm and personalized service. He convinced me to return to the Club to help him achieve this aim and partly recuperate the famous clientele.

PRINCE ALFONSO AND DAVID SHAMOON

BARON AND BARONESS VON THYSSEN

I am proud to say we succeeded with this crucial move, and contributed to bringing the Marbella Club, and consequently helped bring the whole of Marbella, back to its old fame.

There is justified hope that now, after the elections of the new Municipal Administration on May 27th 2007, the new City Council will support our efforts to preserve our glamorous Marbella, so that it may continue to be, as to this day, the harbour for the new generation of opinion leaders from all over the world.

PRINCESS MARIE LOUISE AND COUNT RUDI AS THE PRESIDENT OF SANTA MARTA, THE BROTHERHOOD OF HOTELS AND GASTRONOMIC ESTABLISHMENTS

By Count Rudi von Schönburg Copyright © 2007 All rights reserved MRS. KASHOGGI, DON JAIME DE MORA Y ARAGÓN AND PRINCE ALFONSO

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1904 - 2008 A Family Dedicated to Real Estate for more than a Century

By Williston H. Clover

Panorama, as many know, is Marbella’s longest established Real Estate Agency, founded in 1970, with a reputation for providing a highly professional and quality service to its buyer and seller clients which stands alongside those of the best agencies in the world.

BURTT BYRON CLOVER, IN 1904

What most people are unaware of is that Christopher Clover, Panorama's owner and Managing Director, comes from a three-generation-old family of real estate agents and entrepreneurs. The fourth generation of professionals, Christopher's children, Alex and Katinka, have also joined Panorama.

Panorama's mother company was founded in 1966, in Washington D.C. and purchased by Bill Clover, Chris's father, in 1968. Bill was already an established estate agent in Charlottesville, Virginia, since 1952, which he founded with his father Burtt B. Clover upon Burtt's retirement. B.B. Clover founded his first agency in Chicago in 1904.

Panorama was established in Marbella by Bill Clover in 1970, and was the first real estate agency in the area to bring clients by charter inspection flights to view property on the Costa del Sol. Panorama's Washington office closed in 1975, when the Marbella office became an independent company under Christopher Clover's direction.

Below is a summary of some of the highlights of the Clover family in the last century, along with some photos and documents from our archives.

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F A M I LY

A R T I C L E

B.B. CLOVER'S PLAN OF A NEW ITASCA, AROUND 1925

B.B. Clover, Chris’s grandfather, was one of the first golf course developers in the United States.

1904 - B.B. Clover opens his first real estate agency headquartered in Chicago on Evanston Avenue followed by a second branch in the town of Itasca with the intention of developing Itasca into a desirable place to build a home and enjoy a comfortable suburban lifestyle.

LETTER FROM B.B. CLOVER ENCLOSING A GUARANTEE FOR DEVELOPMENT OF PUBLIC LAND IN 1924

1952 - B.B. Clover and his son Williston (Bill) L. Clover open the Clover Realty Company in Charlottesville, Virginia.

The company is still in business today, although under different ownership, in its original building in the town's historical Court Square.

1925 - One of the first golf course developers in the United States, B.B. Clover built a 9-hole golf course and a clubhouse on the land originally owned by the first settler in the area of Itasca.

The Itasca Country Club still stands today as one of the most luxurious establishments of the Chicago suburbs.

1926 - B.B. Clover's grand plan to develop Itasca as a glamorous Chicago suburb in the 1920's included building a handsome half-timbered commercial building, today a landmark in the town's Historical District.

Bill Clover, Chris’s father, was among the most prominent brokers of farms and estates in this wealthy area of the eastern coast of the USA. BILL CLOVER, CHRIS’S FATHER, ABOUT 1933

1939 - Williston L. Clover moves to Charlottesville, Virginia and becomes a Black Angus Cattle Farmer and Tennis Professor at the University of Virginia.

ON-SITE SALES OFFICE AROUND 1938

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CECI, BEVERLY, BILL AND BILLY CLOVER, IN 1944

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F A M I LY

A R T I C L E

SMALL CHRIS ON A PRIZE CHAMPION BULL WITH BROTHER BILL & FATHER, IN 1951

1960s - Bill Clover develops several golf and residential developments in and around Charlottesville, Virginia. Montvue and West Leigh are, to this date, still among Charlottesville's most luxurious real estate developments.

1966 - Panorama International Ltd. is formed in Washington DC and is the first company to offer international properties and developments to investors in the United States.

1968 - Bill Clover acquires Panorama International Ltd.

BILL CLOVER AND THE CLOVER REALTY TEAM, IN FRONT OF THE CHARLOTTESVILLE OFFICE AROUND 1960

Panorama International established the first international real estate agency in Marbella in 1970.

1970 - Panorama International opens Marbella's first international real estate office in the Edificio Capitol at Avenida Ricardo Soriano, 1, and becomes the first real estate agency to bring clients by charter inspection flights to purchase property on the Costa del Sol. 1970 - Williston H. Clover (Bill Clover Junior), establishes a sister company specializing in Leisure Real Estate and Financing. This company is today known as Panorama International Inc. and is located in San Antonio, Texas.

Bill is one of the world's leaders in Leisure Real Estate Consulting.

THE THREE GENERATIONS IN 1961

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B.B. WITH HIS SON BILL AROUND 1957

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F A M I LY

A R T I C L E

Panorama International was the first real estate agency ever to organize property inspection flights to the Costa del Sol.

PANORAMA SOLD OVER 150 HOMES IN NUEVA ANDALUCIA IN THE EARLY ‘70’S

1971 - Christopher Clover joins his father and brother at Panorama International in 1971 in Washington DC. 1973 - Christopher Clover takes over Panorama International's offices in Marbella.

1975 - Christopher Clover forms an independent company, decides to transform the long-term goals of the Marbella office, and increases the marketing of prestige properties in the area.

2004 - Panorama launches its magazine “The Marbella Property Magazine”. In addition to the award winning market report written by Christopher Clover, it contains other interesting articles both for buyers and sellers, as well as an excellent selection of properties differentiating itself from most real estate magazines which are mere catalogues of properties.

1990's - Panorama capitalizes on its success and reputation and opens offices in the most prestigious areas of Marbella, at the Puente Romano Hotel and directly opposite the Marbella Club Hotel.

1995 - Panorama launches one of the first Internet property websites specific to the Marbella area.

2001 - Alex Clover joins Panorama to help fine-tune the company's image and implement a series of internal improvements. Today he is an adviser to the company.

2003 - Katinka Clover joins Panorama in the capacity of property consultant and public relations specialist. Today she is Panorama's Listings Director and Board Member. Williston H. Clover, Christopher's brother, becomes a permanent consultant to the company.

IBERIAN DAILY SUN, MARCH 16, 1973

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THE FIRST ADVERTISEMENT ANNOUCING THE OPENING OF PANORAMA’S OFFICE IN MARBELLA IN 1970

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F A M I LY

A R T I C L E

2006 - Panorama presents a redesigned website, and the addition of an information section about Marbella.

2007 - Panorama completes its “dream team” with the return of Mary Dunne as Senior Sales Consultant and Board Member; the promotion to Board Members of Michael Dolan, Katinka Clover and Pilar Larios; Patricia Torney as Vice-chairman of the Board and Assistant Managing Director; the appointment of Louise Bowser as Sales Consultant and Carole de Travieso as Sales Coordinator.

CHRIS AND HIS WIFE JOVITA TODAY

KATINKA CLOVER AND KIRSTEN, CHRIS’ FIRST WIFE AND ALEX AND KATINKA’S MOTHER

WITH BEST FRIENDS KHALID KANOO (BAHRAIN) AND HUSSAIN SHARIF (PAKISTAN)

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HONORARY CHAIRMAN BILL CLOVER TODAY AT 92

CHRIS WITH HIS SON ALEX IN USA

BILL CLOVER (JR.)

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W I T H

WITH COUNT RUDI VON SCHÖNBURG

WITH IGNACIO PEREZ DE VARGAS AT THE ROTARY GALA

WITH SABAH AL RAYES (KUWAIT)

F R I E N D S

WITH NORMAN LANCASHIRE, WORLD'S BEST COIFFEUR

WITH KRZYSZTOF NIEZGODA AND ANDRZEJ CZERNECKI (POLAND)

WITH AHMAD AL AYOUB (KUWAIT) IN KARLSBAD

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WITH DR. MAHMOOD AHMAD (PAKISTAN) IN SARJA

LINDA AND FRANK KHALASTCHI (LONDON) IN INDIA

WITH BEST FRIEND GILDAS RENAUX (FRANCE) IN TANGIERS

WITH LANY AND PING OF THE THAI GALLERY

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W I T H

ALLEN SALMASI (USA) AND JEAN RAFAEL SOUCARET (FRANCE)

WITH LORENZO SORIANO (TENERIFE)

F R I E N D S

WITH ANTONIO BELON CANTOS (MARBELLA)

WITH DR. DOMINIQUE SOUCARET (FRANCE)

WITH GHAZI ABDUL JAWAD (SAUDI ARABIA) AND MOHAMMED AL SHROOGI (BAHRAIN)

WITH JOVITA AND OLD FRIENDS RAMON CONESA MORENO AND ENCARNITA IN GRANADA

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WITH PATRICK OP DE BEECK (BELGUIM)

WITH PEDRO PABLO HOZ (MARBELLA)

MOIRA MCNAMARA, NICOLE SALMASI AND BERNARD MCNAMARA

WITH RENÉ WAXWEILER (LUXEMBURG)

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VILLAS Panorama has marketed quality Marbella properties longer than any other estate agency. Here you will find a selection of some of the most exclusive villas available in Marbella today. We take great pride in being one of very few agencies that are able to consistently handle the complexities involved in marketing properties of this category.

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V I L L A S

Price Range over â‚Ź 6 million

Elegant second-line Beach Mansion IN A TRANQUIL AREA CLOSE TO SEVERAL GOLF COURSES AND SAN PEDRO TOWN This recently built, colonial-style mansion is accessed via a circular driveway; annexes include two single garages, guesthouse and playroom, with independent entrance.

Spacious entrance hall decorated with a mural; large living room with fireplace, leading onto the terrace with garden views; dining room; study; fully equipped top quality kitchen with utility room; guest toilet; staff quarters with 2 bedrooms, bathroom, living room and independent entrance; TV room and en-suite bedroom.

An impressive staircase gives access to the upper floor: 3 guest en-suites with dressing rooms; master en-suite with sitting area and fireplace, "his and hers" dressing rooms and large bathroom. All rooms have access to terraces with sea views. This villa, built and decorated to the highest standards, is set on a large rectangular even plot (approx.

4,000 m2) with landscaped garden, large swimming pool and an area for sauna and changing rooms. Less than 100 mts. from the beach.

5 bedrooms, 5 bathrooms 3,611 m plot, 996 m2 built including terraces Ref 5744 2

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V I L L A S

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www.panorama.es

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V I L L A S

Price Range over â‚Ź 6 million

Exquisite Mansion in a Prime Area SURROUNDED BY A LARGE TROPICAL GARDEN, ENJOYING PANORAMIC VIEWS OF THE COAST Perfectly located in a well established area, it is one of the finest residences available on Marbella’s Golden Mile. An impressive driveway leads up to the residence through the mature garden with pool, waterfall feature and large summer dining area.

Built over 3 levels, it comprises, on ground floor: large entrance hall with imperial staircase; onyx marble guest toilet; enormous lounge, library with fireplace and dining room, all opening onto the main terrace; spacious kitchen with breakfast area; 3 amples en-suite bedrooms; independent studio or bedroom with en-suite bathroom.

Upstairs: master en-suite with wardrobe area and terrace; further 3 en-suite bedrooms.

Lower level: top quality cinema room with adjoining bar; spa area with indoor heated salt water pool, relaxion room, bar, steam bath, sauna, shower room and changing room; wine cellar; staff apartment; laundry room.

8 bedrooms, 8 bathrooms 4,010 m plot, 1,236.5 m2 built, 268 m2 terraces Ref 5879 2

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Tel.:(+34) 952 863 750

V I L L A S

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V I L L A S

Price Range over â‚Ź 6 million

Magnificent Beachfront Mansion with Extraordinary Views NEWLY BUILT, COMBINING OLD-WORLD ELEGANCE WITH MODERN CONVENIENCES A rose garden with fountains stands in the centre of the driveway which leads to the imposing front entrance, which then opens in to a double-height entrance hall with imperial staircase, beamed ceiling and upstairs gallery supported by timber columns.

Spacious living room with views to the gardens and sea beyond. Sitting/TV room, formal dining room, large day room with fully fitted, open-plan kitchen leading onto the summer dining terrace, with sitting area; laundry room, guest toilet and staff toilet, study/library, and 2 bedroom suites.

A superb, covered porch runs almost the whole length of the house. Upstairs: master en-suite bedroom with 2 dressing rooms, sitting room and large sun terrace affording superb sea views; 2 family bedrooms adjoined by short hallway with wardrobes and shared bathroom; extra toilet and 2 further bedroom suites. Under-floor heating throughout. Basement: staff area and large garage.

8 bedrooms, 6 bathrooms 5,750 m plot, 1,740 m2 built, 118 m2 terraces Ref 4330 2

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Tel.:(+34) 952 863 750

V I L L A S

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www.panorama.es

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V I L L A S

Price Range over â‚Ź 6 million

Authentic Spanish Country Estate SET

IN A PRIVATE, EXCEPTIONALLY BEAUTIFUL, GREEN VALLEY

Designed and built in the tradition of the old Andalusian country homes, the house is centred around an interior courtyard with trees, fountains and covered terraces. Inside and out, elegance blends with rustic charm to grant a living environment that is at once sophisticated and disarmingly simple. The valley is set against the backdrop of the Sierra Bermeja Mountains and enjoys stunning views across an avocado orchard down to the sea.

Cortijo Los Gavilanes consists of 60 hectares of rural land with a garden encircling the house. Entrance is through a porch to the courtyard, which gives access to the main entrance, hall with cloakroom, kitchen, guest rooms and staff quarters. Terracotta and wooden floors, handmade tiles in bathrooms, antique doors and handsome fireplaces in all the main rooms. The master suite occupies the upper floor. Garage for 6 cars. Easy access to the coast and amenities via surfaced roads.

10 bedrooms, 10 bathrooms 600,000 m plot, 892 m2 built, 684 m2 covered and uncovered terraces Ref 5837 2

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Tel.:(+34) 952 863 750

V I L L A S

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V I L L A S

Price Range over â‚Ź 6 million

Impressive Frontline Beach Residence TOTALLY

REFURBISHED, WITH UNINTERRUPTED GARDEN AND SEA VIEWS

Located in a tranquil area in Guadalmina Baja, close to a golf course and only two minutes from San Pedro. From the street, an iron gateway opens onto a large courtyard with spacious parking area and double garage.

Impressive hall with double marble staircase. Very spacious living room with separate dining room, large library/study, enormous kitchen with laundry room, staff quarters.

All these rooms lead onto the ample covered terrace with access to the swimming pool and sea views. On the left side of the hall is a separate guest suite. Upstairs: master suite with walk-in dressing room, 2 further guest suites and large terrace offering unique panoramic views of the Mediterranean, Gibraltar and Africa. This house was totally rebuilt 12 years ago by the famous architect CĂŠsar de Leyva. A unique opportunity to acquire a first-line beach property.

5 bedrooms, 5 bathrooms 3,000 m plot, 800 m2 built, 150 m2 terraces Ref 0722 2

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Tel.:(+34) 952 863 750

V I L L A S

Tel.:(+34) 952 863 750

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Price Range over â‚Ź 6 million

V I L L A S

Exclusive Villa with Sea Views SURROUNDED BY A BEAUTIFUL GARDEN, IN THE HILLS ABOVE THE GOLDEN MILE Magnificent south-facing villa, built in the year 2000 to fine quality standards, and partially refurbished and extended. Beautiful courtyard with fountain and large, illuminated mature garden with automatic watering system. Main reception room with fireplace, second split-level reception room with bar, dining room, various terraces, office, fully fitted kitchen with breakfast area, laundry room and 8 large bedroom suites. Thalassic centre with sauna, Turkish bath and gymnasium. Bodega, games room, outdoor Jacuzzi and a beautifully equipped barbecue area with pergola, beside the swimming pool. Staff quarters with independent access from kitchen area. Machine room, large storage room and double garage.

8 bedrooms, 8 bathrooms 4,000 m2 plot, 749 m2 built Ref 5702

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V I L L A S

Price Range over â‚Ź 3 million

New, colonial-style Mansion SITUATED

IN AN ESTABLISHED AREA ON THE

GOLDEN MILE

Built to high standards and surrounded by a mature tropical garden with fruit trees, marble fountains and large pool. Spacious hall; guest toilet; living room; dining room; kitchen with porch; sitting room with bar; en-suite bedroom with Jacuzzi and dressing area. Upstairs: en-suite bedroom also with Jacuzzi and dressing area; 2 en-suite guest bedrooms; staff accommodation. Most of the rooms have access to a terrace or porch.

Top floor: solarium, kitchen and bathroom. Panoramic sea views. Basement: independent office area; sauna with changing room and guest toilet; machine and laundry room; storeroom; garage for 6 cars. Elevator. Walking distance to the beach.

6 bedrooms, 6 bathrooms 1,535 m plot, 841 m built including basement, 348 m2 terraces and porches Ref 5601 2

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V I L L A S

Price Range over â‚Ź 3 million

Brand New Villa in Guadalmina Baja A

SPACIOUS BEACHSIDE PROPERTY IN A SOUGHT-AFTER AREA, CLOSE TO GOLF COURSES

Colonial-style villa with spacious rooms and excellent finishes throughout. Entrance level: hall; bright living room with high ceiling and access to the terrace and tropical garden with pool and gazebo with bar; separate dining room; kitchen with breakfast area, pantry and access to the basement; guest toilet; corridor with access to three en-suite bedrooms, each with its own dressing room and access to the garden. Upstairs: master en-suite bedroom with dressing room and solarium. Basement: staff quarters, laundry area and a huge leisure area for home cinema, gymnasium and spa to be built.

4 bedrooms, 4 bathrooms 2,722 m plot, 899 m2 built, 123 m2 terraces Ref 5838 2

Tel.:(+34) 952 863 750

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V I L L A S

Price Range over â‚Ź 3 million

Elegant Residence in Golf Valley IN

ONE OF THE MOST ESTABLISHED AREAS OF

NUEVA ANDALUCĂ?A

Elegant family home, built to high standards and surrounded by a large mature garden with swimming pool. Large entrance hall; spacious living room with several seating areas and access to an interior patio and the main terrace; library/TV room; separate dining room; modern kitchen with pantry and ironing room; guest bathroom and master bedroom with en-suite bathroom and large dressing area. Upstairs: 3 spacious en-suite bedrooms, all with terraces and views of La Concha. Basement: storeroom; garage for 4 cars; wine cellar and staff bedroom with en-suite bathroom. Possibility to expand living space in this area to at least 150 m2.

4 bedrooms, 4 bathrooms 3,119 m plot, 535 m2 built, 119 m2 terraces Ref 5767 2

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Tel.:(+34) 952 863 750

V I L L A S

Price Range over â‚Ź 3 million

Contemporary Beachfront Family Home SITUATED

IN

GUADALMINA BAJA WITH

COMMANDING GOLF AND SEA VIEWS

Built in a minimalistic style by the architect Ricardo Piqueras with straight, clean lines, and complimenting nature’s beauty. Accommodation comprises on entrance level: hall; fully fitted and equipped kitchen with separate laundry room; beautiful living/dining room with fireplace and full-width window to enjoy sea views, access to spacious, covered porch and garden; 3 bedroom suites, two with access to porch. Access to independent quarters via outside staircase: living/dining room with fireplace all opening onto an enormous wrap-around, partly covered terrace; 2 bedroom suites; small, fully-fitted and equipped kitchen. A unique property seldom seen on the market!

5 bedrooms, 5 bathrooms 781 m plot, 259 m2 built, 126 m2 terraces Ref 5665 2

Tel.:(+34) 952 863 750

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V I L L A S

Price Range over â‚Ź 3 million

Sophisticated and Comfortable Family Home BUILT TO THE HIGHEST STANDARDS, ENJOYING SUPERB SEA, GOLF AND MOUNTAIN VIEWS Situated next to the Country Club of La Quinta Golf, between San Pedro and Puerto BanĂşs, only a 10-minute drive from Marbella centre. Built and decorated in Tuscany style, this sophisticated villa is surrounded by a landscaped garden with pool and enjoys spectacular views of the mountains, golf courses and the Mediterranean Sea. Entrance level: hall with corridor leading onto both south and north wings; main living room opening onto a porch, dining room and library, both with terrace; fully fitted kitchen with utility room; guest toilet; en-suite bedroom. Upper level: 4 additional en-suite bedrooms with dressing areas. Basement: gym and pre-installation for sauna, Jacuzzi and Turkish bath. Guest cottage/guardhouse comprising bedroom and bathroom, machine room and pantry. A grand residence, full of charm and style!

5 bedrooms, 5 bathrooms 2,084 m plot, 591 m2 built, 477 m2 terraces and porches Ref 5715 2

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V I L L A S

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V I L L A S

Price Range over â‚Ź 3 million

Charming Frontline Golf Bungalow ON A

LARGE PLOT OFFERING COMPLETE PRIVACY, NEXT TO

GUADALMINA BAJA

Close to two golf courses, within a short walk to the beach. This east-facing villa is surrounded by a mature tropical garden with heated pool and pool house with bar.

Entrance hall; large lounge with fireplace and access to two covered porches, one for winter with fireplace; separate dining room with access to the summer porch; spacious kitchen, pantry, utility area and patio. Independent master de-luxe suite; 2 bedrooms sharing bathroom and a further guest en-suite bedroom. Staff accommodation (3 bedrooms and 2 bathrooms). Double garage and carport for 3 cars. A wonderful family home with potential to be extended.

4 bedrooms, 3 bathrooms 4,161m plot, 459 m2 built, 251m2 porches and terraces Ref 5902 2

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V I L L A S

Price Range over € 3 million

Spacious rustic-style Family Home SET

IN

MARBELLA HILL CLUB, WITH

PANORAMIC VIEWS OVER THE

MEDITERRANEAN

COAST

Designed by César De Leyva and situated within a short drive from Marbella centre and Puerto Banús. This new south-facing property is surrounded by a mature garden with pool and pool house. Entrance level: hall; living room with fireplace; separate dining room; modern kitchen with breakfast area; large terrace with access to the pool area. Upstairs: master en-suite bedroom with private terrace. Lower level: office; 3 en-suite bedrooms with access to the garden; wine cellar; gym with sauna, Turkish bath and bathroom; extra space to build a cinema room; guest toilet; study. Garage for 4 cars. Must be viewed!

4 bedrooms, 4 bathrooms 1,580 m plot, 383 m2 built, 117 m2 terraces Ref 5872 2

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V I L L A S

Price Range â‚Ź 2 - 3 million

Brand New Villa with Lovely Views BUILT TO VERY

HIGH STANDARDS AND SITUATED IN

MARBELLA CLUB GOLF RESORT

A magnificent villa set in a gated golf estate, perched on the hills of Benahavis. A large Andalusian patio gives access to the main entrance. Entrance hall, living room with access to the garden and pool, fully fitted kitchen, pantry, two bedroom suites, one with its own entrance, perfect for use as staff quarters. Upstairs: spacious master suite with lovely bathroom and double shower, walk-in wardrobe, custom fitted with beautiful wood; additional bedroom suite and optional 5th bedroom or study. Only a 10-minute drive to San Pedro.

4 bedrooms, 4 bathrooms 5,170 m2 plot, 414 m2 built, 120 m2 covered and uncovered terraces Ref 5617

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Price Range â‚Ź 2 - 3 million

V I L L A S

Rustic-style Villa on Large Plot SITUATED

IN A PRIME LOCATION WITH FABULOUS SEA AND MOUNTAIN VIEWS

This south-facing villa, located in the prestigious urbanization Sierra Blanca, is surrounded by a beautiful garden with pool. Entrance level: hall; large living room with fireplace opening onto two porches; dining room; modern Gagennau kitchen; utility room; guest toilet; guest/staff bedroom suite; 2 bedroom suites, both with access to garden; spacious master suite with fireplace, wall-to-wall carpets, open-plan bathroom, walk-in wardrobe and access to garden. Upstairs: very spacious bedroom suite with walk-in wardrobe; storeroom. Small pool house, under-floor heating throughout, old rustic tile flooring and ceramic tile bathrooms. A fabulous family home!

5 bedrooms, 5 bathrooms 2,003 m2 plot, 416,5 m2 built Ref 5684

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V I L L A S

Price Range â‚Ź 2 - 3 million

Frontline Beach Family Home BETWEEN SAN PEDRO AND PUERTO BANĂšS, WITH

SUPERB VIEWS OVER THE

MEDITERRANEAN

This semi-detached house, recently completed and built to high standards, is distributed over several levels and surrounded by a tropical garden with pool. It comprises, on entrance level: modern open-plan kitchen; living/dining room with fireplace and access to the garden; bedroom with separate bathroom. Upstairs: master bedroom with en-suite bathroom and private terrace; two further bedrooms sharing a bathroom. Top floor: solarium enjoying magnificent views to the beach and sea. Large basement area which could be converted into a games or home cinema room. Carport for one car. A superb property situated in an excellent location!

4 bedrooms, 3 bathrooms 500 m2 plot, 330 m2 built, 100 m2 terrace Ref 5833

Tel.:(+34) 952 863 750

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Price Range € 2 - 3 million

V I L L A S

Modern Villa in a Central Location IN NUEVA ANDALUCÍA, WITHIN WALKING DISTANCE TO PUERTO BANÚS AND ALL AMENITIES Surrounded by several famous golf courses, the property has recently been renovated with top quality materials and the latest in high-tech systems, featuring floors designed

by Roberto Verino, blinds of reinforced titanium-aluminium alloy, security system with cameras, exterior and interior alarm system, carpentry of solid oak, Siematic kitchen, Turkish bath and Geisha jacuzzi. Accommodation comprises: entrance hall; living room with access to terrace and garden with pool and a wooden gazebo; dining room; interior patio and kitchen. Upstairs: 4 en-suite bedrooms, each with a dressing room and the master bedroom with a lovely terrace with sea views. Double garage.

4 bedrooms, 4 bathrooms 850 m2 plot, 600 m2 built including terraces Ref 5756

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Tel.:(+34) 952 863 750

V I L L A S

Price Range â‚Ź 2 - 3 million

Luxury Villa on the Golden Mile SET

IN

LOMAS

DEL

MARBELLA CLUB AND

RECENTLY BUILT WITH TOP QUALITY FINISHES

This bright and spacious property enjoys a beautiful garden with heated pool and partial sea and mountain views. Ground floor: spacious entrance hall; large living and dining rooms with cathedral ceilings and wooden beams, both with access to two covered porches, one with fireplace; top quality modern kitchen with breakfast area and utility room; guest toilet; two bedroom suites. Upstairs: spacious master suite with terrace enjoying mountain views. Lower level: 2 further bedroom suites; staff accommodation; office or games room; machine room and garage for 4/6 cars. Iroco carpentry, marble floors, bathrooms with Grohe fittings.

5 bedrooms, 5 bathrooms 1,016 m2 plot, 528 m2 built including terraces Ref 5631

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V I L L A S

Price Range â‚Ź 2 - 3 million

Impressive Villa with Panoramic Views SET IN THE HILLS ABOVE

ESTEPONA, DIRECTLY OPPOSITE THE KEMPINSKI HOTEL

The property has a magnificent tropical garden with pool and a courtyard with double garage. Entrance level: hall; beautiful interior patio; guest toilet and cloakroom; living/dining room with double-height ceiling, fireplace, and porch; master en-suite with dressing area and large terrace; sitting room with terrace; modern kitchen and utility room. Upstairs: gallery, used as a study, overlooking the living room; one en-suite bedroom; roof terrace. Garden level: two en-suite bedrooms with terraces; machinery room; kitchen; second living area with fireplace and games room; large guest en-suite, plus a further bathroom, both accessed from the terrace. Private and secluded family home!

5 bedrooms, 5 bathrooms 21,391 m2 plot, 591 m2 built, 378 m2 terrace Ref 5808

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V I L L A S

Price Range € 2 - 3 million

Country-style Villa with Superb Views PERCHED

ON THE QUIET HILLSIDES OF THE TOWN OF

OJÉN

Brand new villa, just a few minutes’ drive from Marbella centre and all amenities. Built on 4 levels and fully-gated, the property enjoys mountain, sea and coastal views and has a lovely swimming pool with pre-installation for heating. Entrance hall with guest toilet; ample drawing room with fireplace and large windows to enjoy spectacular sea views; charming kitchen with seating area, wooden beams, granite counters and Smeg appliances; 6 guest bedrooms; two additional sitting rooms, kitchen/laundry and guest toilet; sauna; wine cellar; storeroom. Upper level: master suite with fireplace, beamed ceiling, Jacuzzi and terrace. Double garage. Many extras.

7 bedrooms, 7 bathrooms 2,506 m2 plot, 585 m2 built, 300 m2 terraces Ref 5716

Tel.:(+34) 952 863 750

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V I L L A S

Price Range € 2 - 3 million

Stunning Villa in an Exclusive Area AN

IDEAL FAMILY HOME ON THE

GOLDEN MILE, SURROUNDED

BY A BEAUTIFUL GARDEN

Designed by the renowned architect César de Leyva, this villa enjoys spacious accommodation. Entrance level: hall; bright, spacious living room with fireplace and separate dining room; both rooms open on to a covered terrace with partial sea views; charming library; master en-suite with small terrace; 2 guest en-suites; large rustic-style kitchen with access to a patio and garage area; utility room; maid’s room with bathroom; cloakroom and guest toilet. Garden level: bathroom with sauna; wine cellar; gym; TV/cinema room; storeroom; staff quarters; porch with bar. 460 m2 Guesthouse.

A superb family home with lots of potential!

3 bedrooms, 3 bathrooms 2,500 m2 plot, 718 m2 built, 378 m2 terraces and porches Ref 5810

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Tel.:(+34) 952 863 750