New Hacienda del Alamo resort investors will build 1,100 homes

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The company has also announced that it will develop “an extensive network of green spaces” in the urbanisation located in Fuente Álamo, creating a place to “Live and enjoy”

With the proposed construction of more than 1,100 homes, the Spanish conglomerate Hozono Global Group, which consists of nine companies and is considered one of the leading Spanish groups in project management, specialising in construction and services in the public and private sectors, announced on September 20 through its Murcia office, its investment in the Hacienda del Álamo urbanisation, in the municipality of Fuente Álamo.

The company also stated that it intends to create “an innovative residential project that is distinguished by its full integration into the natural environment and its commitment to sustainable development”.

The purchase was enabled through the Hozono Group’s developer company Abala Desarrollo Inmobiliario, who plan to start work on undeveloped parts of the urbanisation and expect to build 1,100 homes in an operation with several phases. However, they stress that it will not be a typical urbanisation, but that the homes “will be surrounded by an extensive network of green spaces and designed to integrate harmoniously with the natural environment”. The construction of the first phase of homes has already begun and are being advertised with starting prices from €174,900.

Marketed under the slogan ‘La Hacienda, vivir y disfrutar’ (La Hacienda, live and enjoy), the project represents a clear commitment to sustainability and respect for the environment. “Every detail, both in the architectural design and in the urban planning, has been meticulously planned to minimise the environmental impact, respecting the natural landscape and promoting sustainable practices at all levels,” says Grupo Hozono.

Energy efficiency and carbon footprint

Committed to achieving the A energy label in all their homes, the developers aim to ensure that “the highest standards of energy efficiency” are met and the reduction of the carbon footprint is maximised.

The proposed development comes after an agreement in July 2022 by Fuente Álamo Council to write off a total 1.3-million-euro debt owed to the council by the then joint owners, Sareb bank and a development company who, as part of the agreement signed over to the council some three million square metres of land for its inclusion in the El Valle and Carrascoy Regional Park. This agreement gave the green light to further development on the Hacienda del Álamo residential, leisure and tourism complex.

The Hacienda del Álamo resort was originally developed at the time of the property boom by Procam the real estate subsidiary of the CataluñaCaixa corporate network.

Between 3,500 and 4,500 homes were planned by Procam for completion by 2012, plus a luxury hotel and two golf courses, on a total of 550 hectares, with a projected investment of 900 million euros. But the financial crisis resulted in the unfinished urbanisation and incumbent debts being taken over by Sareb, the so-called 'bad bank' which was set up by the Bank of Spain to manage toxic debts and assets left behind by bankrupt developers. The Hozono Global Group have in turn purchased the Hacienda asset from Sareb.

The Hacienda del Álamo resort currently has around 1,500 homes, as well as an 18-hole golf course, a 4-star hotel, plus shops and restaurants.

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