Cordia successfully completes the structure of Jade Tower in Fuengirola, Spain

More than two months ahead of schedule, Cordia has completed the structure of Jade Tower, its first luxurious and highly energy-efficient residential real estate project in Spain. The company has also announced its second development in the country.

More than two months ahead of schedule, Cordia, member of Futureal Group - one of the largest property developer and investor groups in the European region - has completed the structure of Jade Tower. As Cordia’s first luxurious real estate project in Spain, construction work was carried out by the Spanish company, Sacyr.
Tibor Földi, Chairman of the Board, Cordia International, has commented: “Cordia International has become a diverse leading residential developer and investor in Europe, with numerous projects across Hungary, Poland, the UK and Romania. Jade Tower is our first development in Spain, and I am pleased to announce that we will soon be launching our next project here. The next residential development will be located in a magnificent location in Marbella, and will offer excellent views of its surroundings. Above all, we are committed to further strengthening our presence in Costa del Sol.”

Jade Tower was completed ahead of schedule thanks to the excellent management team of the Cordia-Sacyr tandem. The team effectively mitigated the impact of both volatile material prices driven by high inflation and the shortage of materials caused by the supply chain crisis in the first half of last year.

Mauricio Mesa, Country Manager of Cordia Spain and Romania, said: “Our strong alliance with Sacyr guaranteed the flawless execution of Jade Tower. In addition to delivering the construction works at Jade Tower, Sacyr has also been our main strategic partner, with whom we have been efficiently working with throughout the entire process.”

Mariano Peláez, Sacyr's Regional Director for Andalusia, said: “Thanks to the workers, the team and Cordia for the excellent work, we were ablet to reach this important milestone more than two months ahead of schedule. We are proud that Cordia gave this opportunity to Sacyr thus we can participate in the development of one of the most iconic, sustainable and luxurious projects on the Costa del Sol.”

Jade Tower also aligns with Cordia’s overarching sustainability and energy efficiency standards, with construction taking place under the internal seal, BREEAM, the world’s leading sustainability assessment method for the wider property industry. Most recently, the development has received a preliminary certificate of ‘very good’. This certification guarantees, amongst other things, that energy consumption will be reduced by up to 70% and water consumption will be cut by up to 40%, while using innovative solutions that minimise environmental impact.
“Once construction commenced at Jade Tower, a development which is unique in the Fuengirola property market, we never stopped monitoring the changes in customer demand. People are always looking for more sustainable homes that are highly energy efficient,” said Mesa. “We have also incorporated elements that benefit the physical and emotional well-being of our residents, such as a gym, sauna, spa and a private cinema room. There is also a co-working area where residents can telecommute and even hold face-to-face meetings with clients. The inclusion of these services in Jade Tower, which are usually only found in super luxurious hotels, is what differentiates us from the competition and adds value to the properties.”

In total, around 1,200 people have been - and will be - working on the development of the entire project. So far, 430 have contributed to the now completed structure, working towards a scheduled delivery of late July 2024.