A PROJECT for a new Malaga landmark building has been re-activated in the Spanish city.
The former industrial zone of La Princesa, which decades ago housed the Confecciones Sur factory, is being redeveloped under an urban regeneration plan and will feature a 22 storey, 75- metre tall building.
Plans for regenerating the area have been on hold for several years but have now re-started as the economy and housing market has strengthened.
The project for the area of Santa Rufina consists of four underground car parks with three apartment buildings.
In total 750 homes will be built. Local architect Ángel Asenjo has put its signature to the project of what will probably be the first of the skyscrapers that will be built next to the high-speed train line where it resurfaces in the run up to Malaga’s main railway station.
It is planned that this project will be followed in the coming years by 3,000 more homes on what is today the San Rafael industrial estate, which will be dismantled to make way for a new district of around three thousand dwellings.
Aquila Capital plans to invest some one hundred million euros in the projects for the La Princesa area.