Three signals in the last few weeks tell you where serious capital thinks Marbella is heading: a €260 million longevity resort backed by Goldman Sachs Alternatives, a €200 million overhaul of Puerto de la Bajadilla after 16 years in planning, and Armani Residences on the Golden Mile. None of them is a speculative announcement. They are funded, permitted and moving.
In this article
- Oakmond: Goldman Sachs Alternatives backs a longevity resort
- Puerto de la Bajadilla: a 16-year wait ends
- Armani Residences Marbella on the Golden Mile
- What these three projects signal together
- Positioning ahead of the next decade
Oakmond: Goldman Sachs Alternatives backs a longevity resort
Goldman Sachs Alternatives is putting €145 million into Oakmond, a €260 million longevity and wellness resort being built by Ilanga Capital on the former Incosol site. The project combines a 140-room hotel with 28 private residences, and it is built around a “precision health” model rather than a conventional spa offering. Construction starts this autumn, with opening targeted for 2029.
Puerto de la Bajadilla: a 16-year wait ends
Puerto de la Bajadilla has finally been given the green light for its €200 million overhaul, after 16 years in planning.
- Berths go from 268 to roughly 750.
- The port will take vessels up to 70 metres, including cruise ships.
- Four beaches get sand replenishment as part of the works.
- The new operator takes over under a 40-year concession from January 2027.
Armani Residences Marbella on the Golden Mile
Armani Residences Marbella has been confirmed: 33 ultra-luxury homes on a 50,000 m² plot in Nagüeles. It is developed by Sierra Blanca Estates with Palya Assets, the investment vehicle linked to Rafael Nadal and Abel Matutes, with interiors by Armani/Casa. Works were scheduled to begin in June 2026, subject to the licence, with completion expected in 2028.
What these three projects signal together
Individually, each is a large project. Together, they show how institutional and private capital is reading Marbella’s next decade: not just more villas, but infrastructure, brand, and health and lifestyle positioning aimed squarely at the top of the market. A wellness resort backed by one of the world’s largest asset managers, a port finally unlocked after nearly two decades of delay, and a branded residence project from names with real capital behind them all point in the same direction.
Positioning ahead of the next decade
If you are weighing where to be positioned ahead of that, we are happy to talk it through. Get in touch with Nicolas Estates to discuss villas, penthouses and new developments across Marbella and the Costa del Sol.
Sources: The Spanish Eye, El Economista, idealista/news, The Olive Press, Hilton Real Estate. This article is based on a post originally shared on LinkedIn.
