Rafa Nadal is planning a golden retirement on the Costa del Sol. The tennis player has teamed up with businessman Abel Matutes to create the real estate company Palya Invest which they will develop in alliance with the developer Sierra Blanca Estates. two luxury housing projects in Malaga.
These luxury developments, planned for Estepona and Marbella, represent a significant investment and demonstrate the a tennis player’s interest in expanding his brand beyond the sporting realm.
Rafa Nadal’s luxury projects on the Costa del Sol
Rafa Nadal’s mark on the real estate and urban development of the Costa del Sol is expected to be profound. Therefore, in EsteponaNadal and Matutes, through their real estate company Palya Invest, are planning to develop a complex of 47 luxury beachfront homesThis project will be carried out on a plot of approximately 36 hectares in the Los Llanos area, a privileged area of the Estepona coast that has yet to be developed.
The land was acquired in 2019 by Mabel Capital, the company of Abel Matutes and Manuel Campos Guallar, before Nadal and Matutes severed their business relationship with Campos earlier this year. The project is continuing with the initial intention of creating a exclusive urbanization with direct access to the seaa concept that strengthens the supply of high-end housing on the Costa del Sol.
For its part, the investment of Rafa Nadal and Abel Matutes in Marbella It is expected to exceed 200 million euros. This second project will be located in the prestigious Nagüeles neighborhood. Around forty luxury homes are expected to be built there. This development also follows the concept of branded residencesoffering high-end properties with services comparable to those of a five-star hotel.
Sierra Blanca Estates: a successful alliance
The alliance between Nadal and Matutes’ company and the developer Sierra Blanca Estates is a guarantee of success. Sierra Blanca has a extensive experience in the real estate sector and is famous for its luxury developments on Marbella’s Golden Mile. This developer will be in charge of building and marketing the Nadal and Matutes projects on the Costa del Sol.
The company has made a name for itself with projects such as Epic, a complex of 74 high-end homes and five exclusive villas designed in collaboration with the late designer Karl Lagerfeld. Three of these homes have already sold for around 15 million euros. Sierra Blanca is also behind the upcoming 92-home project designed by Dolce & Gabbana in Marbella. In this case, half of the units have been sold off-plan and prices are fluctuating between four and twenty million euros.
A Rafa Nadal tennis club in Malaga
Rafa Nadal’s foray into the Costa del Sol could be completed with the presence in Malaga of a tennis club that would bear his brand. The initial intention was to locate this center next to the Martín Carpena Sports Palace. However, we ended up opting for the Inacua Facilitiesa public space but for which there is an administrative concession in favour of Serveo, a company made up of Ferrovial and the Portobello fund.
Locating the Rafa Nadal Tennis Club in Inacua would involve the renovation and expansion of the center. Something that, With its current administrative situation, it is not viable.. The solution is, in any case, to financially compensate Serveo so that it gives up the remaining years of its concession. In this case, the Malaga City Council could recover the space and launch a new public tender to award said concession.
