Zagaleta acquires Valderrama in €40 million deal
Zagaleta Limited — a UK subsidiary of Grupo la Zagaleta Holding, headquartered in London and the owner of the luxury resort and gated community by the same name in Benahavis (Malaga) — today announced that it has acquired the Valderrama Group, the owner, amongst other assets, of the world famous Valderrama Golf Course, in Sotogrande, San Roque (Cadiz). In addition to acquiring the golf course, the deal valued at €40 million, also includes the real estate project known as Valderrama 2, located nearby in Castellar.
The development of a new ‘Championship’ Golf Course is included as part of the Valderrama 2 project, and the residential project will follow the same model and philosophy as the residential and services business already developed over the past 25 years by la Zagaleta in Benahavis and Marbella. The project will represent an investment into the area of €200 million over the next ten years.
Commenting on the acquisition, Jacobo Cestino, managing director of La Zagaleta Group in Spain said: “This transaction confirms our position at the forefront of the high end luxury property market as well as connecting us to one of the world’s most prestigious golf brands. The company has not discounted the possibility of acquiring other luxury and lifestyle brands over the medium term.”