Palya Invest is the heir company to Mabel Capital, a firm they shared with a third partner, Manuel Campos. As the aforementioned media reported a few months ago, Matutes and Nadal broke the alliance with this company and kept the real estate business and other business holdings such as the Komodo production company.
After the split, the Balearic partners have advanced the real estate project, which has land for 50 beachfront homes in Estepona and another plot of land for 40 additional units in the Nagüeles area of Marbella. According to Cinco Días, work is scheduled to begin at the end of 2024, first in Estepona, in an operation that could be completed by 2027, and then in Marbella, with a completion date of 2028.
For this initiative, the president of Palladium and the tennis player have teamed up with the Malaga developer Sierra Blanca, a specialist in the construction of homes on the Costa del Sol. This real estate company, headed by Pedro Rodríguez, has promoted or is promoting branded residences in the area with luxury brands such as Dolce & Gabbana, Fendi and Karl Lagerfeld.
The name chosen for the new company, Palya, is a play on the word beach, taking into account that the two partners are from the Balearics, and with the names of their respective companies: the Ibizan chain Palladium (owned by the Matutes family) and Aspemir (owned by Nadal).
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Making good use of his earnings. Property is a sensible investment. If it is legally invested.
Sorry all we hear about is tourist overcrowding and no social housing and now everyone seems to think it’s ok for some this is really distorted reporting and please try to back up what you say Rafa is a Great Person but building luxury housing all over building permission no problem for some Hello !