Housing
Under construction
La Térmica · seafront homes, hotel and offices
- Public body
- Ayuntamiento de Málaga
- Homes
- 500
- Budget
- Hotel plot: €33.7M + VAT
Record updated: June 2026. Data from official sources.
Works under way according to the council on 13 February 2025
Hand-reviewed major project. The timeline summarises public sources; the link is the latest source checked.
An 11 ha seafront sector on the old power-station site: about 500 homes by Naiz Homes on two beachfront plots (273 protected homes in the sector), plus a municipal plot for a 5-star hotel.
Timeline
- Urbanisation project finally approved · source
- The city reports that works in the La Térmica area are under way · source
- Naiz Homes takes control · source
- Sale of the 5-star hotel plot launched (€33.7M plus VAT). This is the hotel plot, not a step for the homes · source
Change history
- Developer: from “GINKGO Advisor, AEDAS Homes, Naiz Homes, hotel plot” to “GINKGO Advisor, AEDAS Homes, Naiz Homes”
- Developer: from “GINKGO Advisor y AEDAS Homes, Naiz Homes desde mayo de 2026, parcela del hotel” to “GINKGO Advisor, AEDAS Homes, Naiz Homes, hotel plot”
- Developer: from “Naiz Homes, Azora” to “GINKGO Advisor y AEDAS Homes, Naiz Homes desde mayo de 2026, parcela del hotel”
- Homes: from “not stated” to “500”