Mijas Garden, Spain

In 2016, IPI Group, together with investor friends, founded Mijas Garden AS, a Norwegian holding company. With an equity of NOK 18,6 mill (some € 2 mill.), the company has acquired a 13,000 m2 plot in the historic village of Mijas Pueblo, Costa del Sol.
The property consists of a very centrally located plot in the village of Mijas, totaling 13,027 m2. A stream divides the buildable area into two sections:

A. 10,048 m2 to the north and east where final approval has been obtained for the construction of 12 individual villas with swimming pools and private parking. Building volume is 35% (4,575 m2).
B. 3,042 m2 sloping towards the west, known as “Phase 2” (plot 8), where a application is being prepared for the construction of 4-6 smaller homes. Building volume is 35% (1,261 m2).

The application for the start permit (proyecto de execution) for the 12 villas has been approved, including the streambed, water and sewage, electricity, roads, and infrastructure.