Modon Holding acquires luxury residential estate La Zagaleta in Spain

Modon Holding P.S.C., a leading Abu Dhabi-based holding company, has taken a significant step in its international expansion strategy by acquiring La Zagaleta S.L., the renowned owner of the ultra-luxurious La Zagaleta residential estate in Spain’s Costa del Sol. This landmark acquisition represents Modon’s entry into Europe’s highly coveted luxury real estate market, reinforcing its ambition to deliver world-class developments and upscale lifestyle experiences globally.

La Zagaleta, nestled in the scenic hills of Benahavís near Marbella, is celebrated as one of Europe’s most prestigious and exclusive gated communities. The luxury residential estate spans nearly 900 hectares and offers unparalleled privacy, security, and lifestyle appeal. Boasting over 400 luxury villas and plots, two private golf courses, an equestrian centre, and a private helipad, the estate has become synonymous with opulence. Its Mediterranean lifestyle appeal is further enhanced by its stunning views of Gibraltar, the Mediterranean Sea, and the distant Moroccan coastline.

Strategic Expansion into Europe’s Luxury Real Estate Market

The acquisition is a cornerstone of Modon Holding’s international expansion strategy, aligning with its mission to develop vibrant communities and luxury property developments. H.E. Jassem Mohammed Bu Ataba Al Zaabi, Chairman of Modon Holding, hailed the transaction as a critical milestone in the company’s journey to redefine luxury living.

He explained that La Zagaleta’s established reputation as an exclusive gated community and its extensive development pipeline make it an ideal addition to Modon’s portfolio. “This acquisition underscores our commitment to entering and leading the global luxury real estate market while ensuring that the estate’s legacy of exclusivity and excellence remains intact,” he stated.

Preserving Legacy While Expanding Potential

Modon Holding’s acquisition includes 2.7 million square metres of prime land within the La Zagaleta estate, enabling the company to pursue luxury property development on an unmatched scale. Additionally, Modon will oversee the estate’s existing 300+ homes and the Majarambuz project, historically known as Valderrama II. This adjacent development spans 2.2 million square metres, including protected green areas, and is set to further enhance the Costa del Sol’s appeal as a hub for luxury living.

Bill O’Regan, Group CEO of Modon Holding, emphasized that the acquisition reflects the company’s dedication to innovation and sustainability within the luxury real estate market. He noted that La Zagaleta’s combination of privacy, exclusivity, and Mediterranean lifestyle appeal aligns perfectly with Modon’s vision for luxury residential estates.

“The legacy of La Zagaleta as a globally recognised luxury residential estate is a testament to its exceptional standards. By preserving its natural habitat while expanding its potential through the Majarambuz development, we aim to elevate the estate’s status even further,” O’Regan stated.

La Zagaleta: A Beacon of Mediterranean Luxury

Known for its meticulous attention to detail and unparalleled luxury offerings, La Zagaleta provides residents with a unique lifestyle experience. Beyond the estate’s two private golf courses and equestrian facilities, its golf clubhouses offer fine dining and bespoke services that cater to its discerning clientele. The estate’s focus on blending luxury with nature ensures that residents enjoy tranquil green spaces and unrivalled views of the surrounding landscape.

Ignacio Perez, Executive Chairman of La Zagaleta, welcomed Modon Holding’s involvement, expressing confidence in the company’s ability to expand the estate’s legacy. He noted that Modon’s resources and expertise in luxury property development would unlock new opportunities, particularly through the integration of planned projects like the Majarambuz development.

Modon Holding’s Vision for Global Excellence

Modon Holding, listed on the ADX Growth Market, has built a reputation for its diversified investments and forward-thinking approach to luxury property development. With ADQ and the IHC Group as its majority shareholders, the company is dedicated to shaping the future of smart, sustainable living.

This acquisition underscores Modon’s commitment to scaling its international expansion strategy while delivering transformative projects that blend luxury, innovation, and sustainability. The company’s entry into Costa del Sol’s luxury real estate market cements its position as a global leader in high-end residential and lifestyle development.

A New Chapter in Luxury Real Estate

The acquisition of La Zagaleta marks a transformative moment for Modon Holding and the European luxury real estate market. By preserving the estate’s heritage while driving forward its development, Modon is set to redefine what an exclusive gated community can achieve. This move not only reinforces the Costa del Sol’s status as a premier destination for luxury living but also positions Modon Holding as a trailblazer in luxury property development worldwide.