Our Projects

IPI-Group Portfolio

PLAZA MIRAFLORES

Malaga, Spain

In 2017, IPI Group together with the prominent Spanish Miraflores Group purchased all the shares of a boule club, which owned a plot of 6,338 m2. The land is located in the 350 000 m2 Miraflores complex, on Mijas Costa, Costa del Sol. Plans are for a sports club complex with 36 freehold apartments. The Norwegian holding company PM Norge AS, managed by IPI AS, is the major shareholder off the owning company, re-named Plaza Miraflores SL. Local government approval was received in January 2021. This allows for the construction of two buildings, each of about 3000 m2 over three floors plus basement. One of the buildings will be for apartments, and the other for offices, restaurant, sports, and wellness. Due to the lengthy and complicated planning process, the major Norwegian partners decided to sell their shares in the Spanish owning company, and these were bought by Spanish investors in January 2024.

Arguineguin Park

Gran Canaria, Spain

As advisors to the Spanish hotel owners and property developers Sanchez/Sonnenland Group, IPI has spent over six  years on their project Arguineguin Park, Gran Canaria, Canary Islands. The project will consist of some 250 apartments in 14 blocks, located in one of the islands’ most popular destinations for holiday makers and longer-term residents. Construction started in April 2017 and completion is expected three years later. The owners have not yet decided whether to sell off-plan or operate the apartment themselves as letting units.
Ownership of the apartments will be in private hands, and IPI will be offering some of the blocks to its investors. The apartments will be let on contracts managed by a well-known hotel/leisure group and are expected to provide a good return on cash invested.

Eiendomsfond Tyskland I AS

Berlin, Germany

In 2006-07 we bought 1 400 apartments in Berlin which we operated and managed to 2015, when they were all sold at a profit. With some 250 Norwegian partners, this is our largest project to date. 

Bolig Berlin AS

Berlin, Germany

The company bought in 2009 – 10 two modern ”Stadtvillas” in south Berlin with a total of 17 apartments. They were let on long term contracts, and the building were sold “en bloc” in January 2017. Stabile rental market in combination with low finance costs to the buyer produced healthy profits to the partners. Berlin remains as a focus area for IPI, but the very restrictive rental regulations limit future income, even in a market of high demand. IPI Management AS managed the company with a German rental manager for the day-to-day business.

Champions Vue Apartments

Florida, USA

The U.S. is the world’s largest real estate market. After the financial recession of 2007-10 the values have rebounded as we predicted. Florida is one of the most rapidly growing states, and property values are again on the increase. Through IPI North America LLC, Orlando, established in 2009, we have gained experience and understanding of the market. In partnership with a local developer we have designed a 326 units multi-family project to be built southwest of Orlando. Due to low investor interest in Norway and funding difficulties we sold our shares in the Spring of 2012 to the US partner (at a modest profit). The Project has been completed according to the original plan, and its value has now increased considerably.

Miraflores Hills

Malaga, Spain

IPI had great success with its construction of 56 apartments in Mijas Costa near Malaga. Sold during 2003, the investors made about 100 % return over the three year period, from the land was bought to sales were completed. We believe this success story can now be repeated. We have therefore recently established IPI Eco Developers SL, Malaga; which will be in charge of development of new projects. Our manager director, Amir Nahavandi, has been in chrage of construction of over 1 300 apartments and houses in the area over the last 35 years. He was IPI’s project manager of the Miraflores Hills development.

Vendla 20 Nesøya

Norway

A 4000m2 seafront property with a derelict house, bought in 2002. 30-minute drive from Oslo. A part of the property was sold off, and the remaining turned into a luxury villa property with a boat house and pier.

La Katria, Costa del Sol

Malaga, Spain

We are acting as advisors to the owners of La Katria, a property of some 110,000 m2 of beautiful south facing land located in the municipality of Mijas, Malaga. Planning permission allows for construction of 140 town houses, six villas and a small commercial centre. Having spent 10 years to obtain planning, the owners are now prepared to sell the project with its licenses or to enter into a joint venture with one or more financially strong investors.

Other IPI Projects