Meridia and Med Capital Management acquire a prime residential plot in Palma de Mallorca, capitalizing on the region's high-end real estate demand and commitment to sustainable development.

Information on the Target

Meridia and Med Capital Management have successfully acquired a prime residential plot in the Nou Llevant District of Palma de Mallorca. This plot boasts a significant buildability of 48,200 square meters, representing the largest and final piece of residential land available for development in this sector. Its location is strategically advantageous, situated near the lively Portixol area and within close proximity to Palma’s historic old town and city center, positioning it ideally for high-potential residential development.

Industry Overview in Mallorca

The high-end residential market in Mallorca is characterized by a limited supply of developable land and a robust demand for premium housing, making it a unique investment landscape. The Balearic Islands, especially Mallorca, have seen sustained interest from both domestic and international buyers, seeking luxury living experiences in an idyllic setting. This trend has been fueled by the region's appealing climate, stunning landscapes, and cultural richness, drawing significant investment into real estate.

The scarcity of available plots has heightened competition among developers, leading to a surge in property values. Market analysts indicate that properties in Mallorca's prime locations are seeing appreciation, with prosp