Lithuanian company Reverest Fund Management has decided not to confine itself to northern latitudes and is making its debut in the Spanish real estate market. Their first project is a premium residential complex in La Cala de Mijas, located on the famous Costa del Sol. The plan includes 54 apartments with one, two, or three bedrooms, spacious terraces, and panoramic views of the Mediterranean Sea. For those seeking privacy, ground floor units will feature private gardens. Starting prices begin at 490,000 euros, with total investment reaching an impressive 40 million.
Construction has already received all the necessary permits, and initial work is set to begin in the coming months. The project is scheduled for completion by spring 2028. Demand for the new development has been so strong that one-fifth of the apartments are already reserved, mainly by foreign buyers eager not to miss the opportunity to own property in one of Europe’s most prestigious resorts.
Comfort and service
The developers have spared no expense on amenities: future residents will enjoy an infinity pool, a private gym, an indoor pool for the winter months, and a lounge area for relaxation. Penthouse owners will have exclusive access to private terraces with jacuzzis and barbecue zones—perfect spots for sunset parties.
Attention to detail and a focus on high quality of life are the project’s hallmarks. Reverest is clearly targeting a discerning audience that values not just square footage, but also atmosphere, service, and privacy. Given the growing demand for luxury real estate in Spain, this approach seems more than justified.
Strategy and Plans
Why Spain? Fund representatives are candid: the country is showing impressive economic growth, and demand for new housing consistently outpaces supply. According to managing partner Justinas Galginaitis, the combination of sound fiscal policy, large-scale infrastructure investments, and a rapidly growing population creates unique conditions for the real estate market.
The company is confident that the chosen location is not just a matter of luck, but a strategic decision. Linas Žilevičius, another Reverest representative, notes: “Strong demand for such properties leaves no doubt about the success of these investments.” The fund is already considering new sites for development—not only on the coast, but also in the country’s largest cities.
Market Perspective
Reverest’s expansion into Spain is no accident, but part of a long-term strategy. In addition to residential complexes, the Lithuanian company is eyeing commercial real estate, particularly retail and food sector properties. This approach allows for risk diversification and makes the most of a rapidly evolving market.
Notably, interest in the project comes not only from Europeans but also from investors from other regions. Costa del Sol has long been a magnet for affluent buyers, and new developments are only fueling the excitement. However, competition among developers here is just as intense as the demand for quality housing.
Trends and expectations
In recent years, Spain has confidently maintained its status as one of the most attractive real estate investment markets. This is especially noticeable amid rising prices and limited supply in the new-build segment. Experts note that projects like the one being developed by Reverest have become a kind of indicator of trust in the Spanish economy and its prospects.
Пока одни спорят о целесообразности вложений в элитные квадратные метры, другие уже бронируют апартаменты с видом на море. Вопрос лишь в том, кто окажется в выигрыше через несколько лет — инвесторы или те, кто предпочел подождать.
RUSSPAIN reminds readers that Reverest Fund Management is a Lithuanian company specializing in managing real estate investment funds. The fund is active in the markets of Central and Eastern Europe, and is now expanding its presence in Spain. Reverest’s portfolio includes residential and commercial real estate projects focused on the premium segment. The company is known for its commitment to innovative solutions and high-quality standards. In Spain, Reverest plans to develop not only resort complexes but also large-scale urban projects.
