A&G Global Investors will develop 125 protected homes for affordable rent in Estepona, with a total investment of 43 million euros. The project, scheduled for 2029, aims to alleviate the housing deficit on the Costa del Sol.
The investment fund A&G Global Investors has announced the launch of a complex of 125 protected homes for affordable rent in the municipality of Estepona, Málaga. The operation, which will mobilise a total investment of 43 million euros, is part of the fund's strategy for urban regeneration and sustainable tourism managed by the entity.
A response to the structural housing deficit
According to estimates based on data from the Bank of Spain and the INE, the province of Málaga has a housing deficit of 26,105 homes over the last five years. This mismatch between the formation of new households and the available supply is particularly acute on the Costa del Sol, where Estepona has a sustained residential demand.
The project is covered by Decree Law 1/2025 of the Junta de Andalucía, which allows for the development of affordable housing on land designated for tertiary use.
“Estepona accurately reflects the thesis of our strategy: deploying institutional capital to create affordable and sustainable housing in markets with an evident structural deficit,” says Jaime Trigo, Managing Director of A&G Global Investors.
Project details: homes, timelines, and rents
The residential complex will feature one, two, and three-bedroom homes, which will include parking spaces and storage rooms, as well as green areas and services with high standards of efficiency and sustainability. Delivery is scheduled for 2029.
Rents will be significantly below the levels of the free market in the area, indexed to inflation. In a market with strong price pressures, this accessibility proposal is particularly relevant for residents of the Costa del Sol.
Financing with European funds and private capital
A&G will contribute 9 million euros through its vehicle A&G Real Estate Sustainable Developments SICC S.A., using resources from the Autonomous Resilience Fund (FRA) allocated by the European Investment Bank (EIB). This capital, combined with that from private investors and bank financing, completes the total investment of 43 million.
For the execution of the project, A&G will rely on Obra Nueva.com, a national developer with over 25 years of experience and more than 10,000 homes delivered, which will act as the delegated promoter.
The development of these 125 affordable rental homes in Estepona represents a concrete step to relieve residential pressure in one of the most sought-after areas of the province. Interested parties will be able to consult the rental conditions as the delivery date approaches, scheduled for 2029.
You may also like
