Abu Dhabi, UAE; 20 December 2024: Modon Holding P.S.C (“Modon Holding”), a leading Abu Dhabi-based holding company, has announced the acquisition of 100% of La Zagaleta S.L, the owner of the exclusive La Zagaleta estate in Costa del Sol, Spain. This landmark transaction marks Modon Holding’s strategic entry into Europe’s luxury real estate market, aligning with its vision for international growth and expansion.
La Zagaleta, nestled in the hills of Benahavís just 20 minutes from Marbella, is a prestigious private gated community offering residents an unparalleled lifestyle of luxury, privacy, and security. Spanning nearly 900 hectares, the estate features over 400 luxury villas and plots, two private golf courses, world-class clubhouses, an equestrian center, and a private helipad. Its pristine natural surroundings provide breathtaking views of the Mediterranean, Gibraltar, and the Andalusian mountains, as well as access to extensive green spaces and hiking trails.
The acquisition also includes a 2.7 million square meter land area within the estate, offering significant opportunities for developing luxury residential units and a hotel plot that will enhance hospitality offerings. Additionally, Modon Holding will oversee the estate’s management and accelerate its development while preserving its legacy, exclusivity, and environmental integrity.
The deal encompasses the Majarambuz development, historically known as Valderrama II, adjacent to Sotogrande. This 2.2 million square meter land bank, currently under urbanization, presents an exciting opportunity to expand La Zagaleta’s footprint.
Leadership Commentary
H.E. Jassem Mohammed Bu Ataba Al Zaabi, Chairman of Modon Holding, stated:
“This acquisition is a pivotal step in our international growth strategy and underscores our commitment to creating world-class luxury living experiences. La Zagaleta is a jewel among global luxury communities and a fitting addition to our portfolio. This milestone positions Modon Holding to set new benchmarks in Europe’s luxury real estate market.”
Bill O’Regan, Group CEO of Modon Holding, added:
“La Zagaleta represents the perfect blend of luxury, design, and environmental stewardship. We are excited to carry forward its legacy, expand its brand internationally, and unlock its full potential as part of our strategic vision.”
Ignacio Perez, Executive Chairman of La Zagaleta, remarked:
“La Zagaleta’s success is built on uncompromising quality. With Modon Holding’s investment, we can realize the next phase of our vision and further elevate the brand’s global presence. We eagerly anticipate the opportunities ahead.”
With this acquisition, Modon Holding reinforces its position as a global leader in luxury real estate, setting the stage for a new era of international success.
