Leading Spanish Real Estate Agency Lucas Fox Expands To Mallorca

New office will launch XO JONQUET, a ground-breaking luxury residential development on Palma’s Paseo Maritimo

Lucas Fox, established in 2005, is delighted to announce its strategic expansion into the prime market of Mallorca. Recently voted Best Real Estate Agency in Europe*, Lucas Fox brings to Mallorca 19 years of experience in selling the finest properties in Spain, Andorra, France and Portugal to a wide range of international clients. This expansion marks a significant milestone in the agency's history, solidifying its commitment to providing exceptional property services to clients in Spain's most sought-after destinations.

Lucas Fox aims to bring a fresh approach, international perspective and experience in new developments and branded residences to the Mallorca real estate market, which to date has been dominated by local players. The new office will work together with Lucas Fox’s Madrid-based Investment & Capital Markets team, to assist matching luxury residential and hospitality projects with national and international investors and meet the continued demand for luxury investment opportunities.

As part of their launch strategy, Lucas Fox will collaborate with luxury Mallorcan developer, XOJAY, to launch XO JONQUET, a ground-breaking new residential project on Palma’s prestigious Paseo Maritimo. The 57-apartment development will offer buyers the rare opportunity to purchase a luxury new build property in the heart of Palma, overlooking the city’s iconic marina and less than 10 minutes from Palma International Airport – an ideal bolthole in one of Europe’s most exciting hub cities.

As well as 5* facilities such as a spa, fitness centre, golf simulator and cinema, the project will include a new urban park and affordable housing, testament to XO Jay’s commitment to corporate responsibility in its projects. The developer XOJAY, renowned for some of Mallorca’s most successful projects such as XO PARC, is highly regarded for its dedication to excellence and innovation, crafting exceptional living spaces that redefine luxury living in Mallorca.

Alex Vaughan, CEO of Lucas Fox comments: “Mallorca has been one of our target markets since the agency’s inception, we are confident that Lucas Fox can deliver unparalleled service and unmatched opportunities for those seeking premium properties on the island. With a focus on quality and creativity, we are poised to deliver unique and best in class residential opportunities to our global client list.”

"Mallorca is a highly competitive market, where the majority of prime property transactions involve international buyers. The previous German dominance on the island has faltered due to the country’s economic slowdown and at Lucas Fox, we are seeing a growing interest from luxury real estate investors across the globe including Northern Europeans, the British, Scandinavians and increasingly North Americans, who are drawn to Mallorca’s stunning landscapes, pristine beaches, and vibrant culture."

“Our collaboration with XOJAY is the perfect launch for our new Mallorca offering, combining XOJAY's focus on design-centric living and complete development solutions with Lucas Fox's extensive experience in the global luxury real estate market.”