La Zagaleta has been sold.

Modon Holding an Abu Dhabi based company, announced that as a “continuation of its international investment and expansion strategy,” has completed the acquisition of 100% of La Zagaleta S.L.

The transaction includes La Zagaleta’s planned Majarambuz development, known as Valderrama II within the Castellar Development Plan adjacent to Sotogrande, a 2.2 million square metre land bank that is in the process of being urbanised.

The value of the deal has not been disclosed.