Less than a month after officially launching, over 60% of apartments have been sold at EuroCity – Gibraltar’s landmark luxury real estate project.
Developed by Bentley Investments, EuroCity is an innovative 366 home mixed-used development that is set to raise the bar and change the face of the warm British Overseas Territory. Designed by the award-winning British Manser Practice of Architects, EuroCity is situated in Gibraltar’s central business district, punctuated by three sustainable towers, including the territory’s tallest at 22 storeys, with views towards Spain, Africa and the Rock.
Entered via stunning and distinctive entrance lobbies, the high specification apartments sit amongst landscaped raised piazzas designed by RHS Chelsea Flower Show winner Andy Sturgeon along with a range of amenities including 24 hour concierge, car parking, a gym and three swimming pools including a 25m Olympic lap pool.
At ground level, swathes of high quality retail and commercial space will help to deliver a pioneering destination for families, businesses and professionals alike. The rest of Gibraltar is mostly reachable on foot, with good schools, restaurants and a Morrisons supermarket nearby, while the recently upgraded international airport is just a five minute drive away.
Mike Nicholls, Managing Director of Chestertons Gibraltar, comments: “The Gibraltar property market has remained robust, with little sign of faltering in the face of Brexit uncertainty. The combination of mild Mediterranean climate, favourable tax system, almost non-existent crime rate and a rapidly expanding economy make it a rock solid proposition for the future, which will be further bolstered as landmark projects like EuroCity.”
Situated on the southern tip of Spain, Gibraltar is easily reached from the UK (2.5 hours), Europe and beyond, housing a rapidly expanding economy which includes gaming, insurance, fintech and financial services. Property demand continues to outstrip supply, with circa 13,000 Gibraltar employees living in Spain, many of which would choose to live in Gibraltar if suitable properties were available.
Meanwhile, Gibraltar’s Government is innovative and forward-thinking. In January, the Gibraltar Financial Services Commission (GFSC) became the first jurisdiction in the world to introduce a regulatory framework for companies involved with DLT (Distributed Ledger Technology, commonly known as blockchain) – the backbone of cryptocurrencies including BitCoin and Ethereum. This open approach is expected to attract investors and businesses, particularly fintech companies, who understand the appeal of a decentralised – yet regulated – alternative currency.