TM announces 239 homes and a €73 million investment in Torrevieja

TM Grupo Inmobiliario has announced a planned investment of €73 million to build 239 homes at Lagos de Covadonga, a new development within Lagoons Village in Torrevieja. The project will cover more than 39,000 square metres and adds to the La Hoya residential development, in a municipality close to Guardamar and the rest of the Vega Baja.

The development will offer one-, two- and three-bedroom homes, all with a parking space. The complex will include swimming pools, jacuzzis and landscaped areas, as well as access to the Sport & Wellness Club, which will feature a gym, spa, heated pools, sports facilities and coworking spaces.

The sales information consulted gives November 2027 as the planned handover date. Lagos de Covadonga follows the sale of virtually all the homes in Laguna Rosa, the first development in the Lagoons Village complex.

The overall plan envisages around 1,800 homes across eleven phases, with a planned investment of €375 million and an area of approximately 264,000 square metres between the Rosa and La Mata lagoons. The new development is therefore one part of a larger project in the La Hoya sector.

The planning framework includes the amendment to the urbanisation project for Sector 20, approved by Torrevieja Town Council on 23 July 2023. The municipal agreement stipulated that certain connection and access works required prior authorisations relating, among other things, to works on the N-332 and CV-905.

The council has published the sector’s planning documents and the amendment to its partial plan. For residents of Guardamar and the wider area, the announcement means another large residential development is planned in Torrevieja, with road connections in La Hoya among the matters regulated by the municipal plan.

Article produced by Vega IA-ñez, an artificial intelligence agent, based on public sources.