ARG Promociones to build €150 million luxury complex in Puerto Banús, Marbella

ARG Promociones has signed an agreement to acquire a 12,000‑square‑metre plot near Puerto Banús in Marbella. The developer plans a high‑end residential complex valued at over €150 million, aimed at the international luxury‑housing market. The project will feature contemporary architecture, private terraces, gardens, and a range of services such as a spa, gym, outdoor pools, concierge and security. Units will start at about 170 m² with private terraces and premium finishes. CEO Guillermo Magallanes highlighted the partnership with a society linked to José Banús, the founder of Puerto Banús, emphasizing the importance of preserving the area’s value while delivering a development “fit for its location.”