Costa Blanca Leader edition 609

Page 1

No 609

Monday 14th - Sunday 20th Mar, 2016

By Staff Reporter The real estate development company TM Grupo is to invest 100 million euro in developments on the Orihuela Costa over the next couple of years, creating 2,000 direct and 3,000 indirect jobs, all helping to boost one of the most up and coming areas on the southern Costa Blanca, and generating billions in additional revenue. The developer is set to construct between 600 and 700 new homes in the calle Pablo Picasso area of Playa Flamenca, between 2017 and 2019, creating what they are describing as the “Golden Mile” for mixed residential and tourist real estate, based on similar successful devel-

opments in the Marbella area, pitching the Costa Blanca as the number one location for investment in Spain, and specifically in the Torrevieja and Orihuela Costa areas, where property sales numbers still make the area the fourth most popular after Madrid, Barcelona and Costa Del Sol, but unquestionably number one for foreign investors with its internationally diverse population. The company, which was founded in Orihuela in 1969, is based in neighbouring Torrevieja and has developments in 16 countries around the globe. In Spain, they have major projects in Murcia, Almería and Mallorca, as well as Torrevieja and the surrounding area, and have also just secured the contract for developing two 25-floor tower blocks in Benidorm. Continued on Page 2

Tel: 637 227 385

TM GRUPO TO INVEST 100 MILLION EURO INTO ORIHUELA COSTA


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