Spanish bank Caja de Gipuzkoa y San Sebastian (Kutxa) has increased its stake in the Valle Romano tourist development from 50% to 100%. The Spanish bank has bought the project, located in Estepona, near Malaga in southern Spain, from real estate and financial services group Meyluna. Kutxa paid around EUR 100 mln, newspaper Cinco Dias reported.
Spanish bank Caja de Gipuzkoa y San Sebastian (Kutxa) has increased its stake in the Valle Romano tourist development from 50% to 100%. The Spanish bank has bought the project, located in Estepona, near Malaga in southern Spain, from real estate and financial services group Meyluna. Kutxa paid around EUR 100 mln, newspaper Cinco Dias reported.
The Valle Romano project is a 150-hectare site and consists of apartments, a 10,500 m2 hotel, restaurants, retail units, a spa and a golf course.
