The tech giant’s new cybersecurity “centre of excellence” to be built in Malaga means that “the city will have to host many displaced employees of large companies in a short time. That is why Malaga is becoming the new “Silicon Valley”. This will lead to a surge in demand for luxury properties on Spain’s Costa del Sol.
Google’s plans in Malaga
Google’s plans to position Malaga as the new “Silicon Valley” of the Mediterranean have led to a surge in demand for luxury homes on the Costa del Sol, according to a leading developer.
Luxury residences Malaga
Berkshire Hathaway HomeServices Spain has opened a new office in the centre of Malaga with plans luxury homes to develop 400 new ones for the benefit of the burgeoning technology sector, amid Google’s announcement that it will build a cyber security ‘centre of excellence’ near the port of Malaga.
“Its technological and cultural attractions, climate and especially lifestyle have made Malaga a strategic key point for the real estate sector,” CEO Bruno Rabassa said in an interview with SER Málaga.
“Especially the interest shown by North Americans in the capital Malaga, which is rapidly positioning itself as Malaga the new” Silicon Valley” of Europe, is significant.
“In a short time, the city will have to absorb many laid-off workers from big companies.”
Rabassa’s company has already opened an office in Marbella, with plans to develop more than 1,400 luxury properties along the Costa del Sol, and foresees demand driven in part by Google’s development plans.
Google Safe Engineering Centre (GSEC)
This week, at the technology giant’s cybersecurity summit in Madrid, the Californian tech giant revealed new details about its centre of excellence, which will open next year.
The Google Safety Engineering Centre (GSEC) is being developed in a historic building near the port of Malaga and will open its doors to budding cybersecurity professionals in the second half of 2023.
And instead of focusing only on the south-western corner of Europe, as originally thought, the Malaga centre will become a global hub “at the heart of the digital revolution”, said Kent Walker, President of Global Affairs and Chief Legal Officer at Google.
” This is going to change the rules of the game: In 2023, Malaga will be our new Google Security Engineering Centre, a global centre for cyber security and malware research,” he said.
Google released a slick video featuring some of Malaga’s most iconic locations, including the Pompidou Museum, the port and the cathedral, as part of their promotion for the new project.
Such a development is likely to trigger an agglomeration effect, attracting a greater number of technology companies to Spain’s southern coast and creating the new Malaga ‘Silicon Valley’.