La Zagaleta, Europes Premier Luxury Golf Estate sold to UAE based Modon Holdings
21st December 2024
Abu Dhabi-based Modon Holding has successfully acquired 100% of La Zagaleta S.L., the owner of the prestigious La Zagaleta residential estate in Costa del Sol, Spain. This acquisition marks a significant milestone in Modon’s international investment strategy, establishing its presence in Europe’s luxury real estate market.
La Zagaleta spans 2.7 million square meters and is renowned for its exclusivity, high-end residences, and world-class amenities, including golf courses and a proposed hotel plot. The acquisition also includes management of the estate’s 300+ luxury homes and the Majarambuz development, historically known as Valderrama II. This 2.2 million square meter land bank near Sotogrande is part of the Castellar Development Plan and features green areas and urbanised plots, further enhancing Modon’s development pipeline.
H.E. Jassem Mohammed Bu Ataba Al Zaabi, Chairman of Modon Holding, emphasised the importance of this acquisition, describing La Zagaleta as a benchmark for luxury living and a key element in Modon’s global growth. Group CEO Bill O’Regan noted plans to uphold La Zagaleta’s legacy, extend the Valderrama II masterplan, and explore opportunities for international expansion of the brand.
Ignacio Perez, Executive Chairman of La Zagaleta, expressed confidence in Modon’s ability to enhance the estate's vision while maintaining its commitment to quality, privacy, and environmental stewardship. This acquisition positions Modon Holding to redefine luxury real estate development in Europe, leveraging La Zagaleta’s iconic status and the promising Valderrama II project.
Modon Holding is a public limited company whose majority shareholders are ADQ — the state-owned company of Abu Dhabi — and the IHC Group, a company with numerous business areas, owned by the royal family of the emirate and chaired by Sheikh Tahnoon bin Zayed Al Nahyan.
Published by David
