The luxury development of Estany den Mas processes 15 swimming pools in a flood zone

ManacorManacor's urban planning never ceases to offer unpleasant surprises. Especially in the coastal area stretching from s'Estany d'en Mas to Cala Mendia. During the last municipal terms, works and projects have followed one another that have little to do with the protection of the coastline. Four years ago, in 2022, the Manacor City Council announced that the permits granted to the developer Cranborne Invest SL were being reactivated to finish the phantom development (begun shortly before the 2008 crisis by CAM), of 159 homes on the s'Estany d'en Mas torrent. Luxury townhouses, many with pools, which in 2023 were put on sale for prices between 380,000 and 744,590. Now the minimum price is 405,000 euros plus VAT.

Now, the Government's Directorate General for Water Resources has released for public information a "modification during the course of construction of fourteen terraced houses and one detached house and the addition of swimming pools". That is to say, 15 pools of the development are being processed separately because they are located within the public hydraulic domain zone. It is a development that will in itself push a sewage treatment plant that is already at its capacity limit to the breaking point. And all this without the current mayor of Manacor, Ferran Montero, or the head of Urban Planning during the first part of the term and former mayor, Miquel Oliver, knowing anything about it. In fact, even now, a week after the announcement and faced with questions from this media outlet, no one from the Manacor City Council consulted knows (or will not say) anything about it.

The announcement, published in the BOIB at the end of last week, gives 20 days counted from the publication of the announcement, to present allegations before the Directorate General for Water Resources, providing the relevant application and technical documentation, as well as allegations regarding the management of the public hydraulic domain and flood risk.

Luxury townhouses on a torrent

The holding company Cranborne Invest SL had planned to finish all the homes in the s'Estany d'en Mas megacomplex before the end of 2024. In fact, the townhouses at Sunrise Bay Residences, which is the commercial name for the development, were already put on sale in 2023 at prices that ranged between 380,000 and 744,590 euros. Now, the ones that remain, promoted with the phrase "affordable luxury life," are already more expensive.

These are two-story villas with between 112 and 150 square meters of living space with different options regarding the number of bedrooms and bathrooms, with a garage and the possibility of a private pool for 15,000 euros more. The 380,000 euro homes have 300 square meters of plot and 75 m2 of useful space.

According to the real estate portal, Sunrise Bay Residences offers newly built detached and semi-detached villas. "Each home has 2/3 bedrooms, a washroom and a full bathroom, as well as a parking space near the property. They are very bright houses, each with a large plot that can be turned into a private garden".

Furthermore, it is explained that the residential complex will also have several common areas such as community pools, a cinema, gym, gastrobar or even a shuttle service to and from the beach. "The complex is 3 minutes from the beach and 10 minutes from Manacor, an ideal place to enjoy the comfort and tranquility of this area".

The real estate operation in Cala Romàntica (S'Estany d'en Mas) is structured through an international corporate structure linked to the investment fund Blantyre Special Situations II, managed by the British firm Blantyre Capital. According to the mercantile records consulted, the Irish company BSSF II Ireland DAC appears as the owner of Jessington Invest SL, domiciled in Madrid, which in turn is the sole partner of Cranborne Invest SL, the company that markets the Sunrise Bay Residences development, consisting of 159 homes distributed in a 62,000 m² complex.

Ibero Capital Management, linked to real estate management and development, also participates in the operation, while the Santander Real Estate Debt Fund I has provided financing through a senior secured loan. In this way, the project combines an international investment structure with specialized financing to develop and market the homes on the Manacor coast.