Summary of building work taking place in the holiday resort of Costa Teguise.
Oasis Lanz Beach Mate
A new comercial shopping centre is being built on the front of the Oasis Lanza Beach Mate hotel in the centre of Costa Teguise. Booking errata: The work will be visible, including from the pool area, and you may experience some noise disturbance at times. The hours of work are anticipated to be between 08:30 and 18:30, Monday to Saturday. The shop fronts have now been uncovered and are available to let. There’s still some construction work on the street front of the hotel at both ends. Updated April 2025.
Nua shopping centre
Work began in late November 2022 on the frontline of Playa Las Cucharas beach to build Nua, a new shopping centre on the plot next to the Peskera restaurant. The main construction has now been completed and the finishing work is well underway. Updated April 2025.
Owned by Kumar Dadlani, this building is sure to be another example of his talent for creating high quality businesses such as Lani’s Suites & Serenity in Puerto del Carmen. The investment is in the region of 50 million Euros and the project term is a maximum period of 2 years.
Kora Maresía
Work started on 15 Oct 2025 to construct the brand new Kora Maresía. Situated frontline in the centre of Costa Teguise this prime land has been derelict for years. This 46 million euro investment includes 144 properties consisting of 1-3 bedrooms (from 78-266m2) with ocean views. The 12,700 metres of communal space will include 3 swimming pools, 8,500m2 of landscaped gardens, wellness and gastronomy spaces as well as a co working centre. Plus 152 parking spaces and 40 bicycle spaces. Kora Living will manage the rental properties, 60% of units have already been sold. The project is scheduled to open in 2027. Hotels in this area which may be affected by noise from the construction include the Galeón Playa by SeaSense, Apartamentos Neptuno Suites / Nautilus, Alexandre Teguise Playa and Barceló Teguise Beach.
New 5* Gloria Palace Costa Teguise Hotel
Work started in late 2019 on the new frontline hotel to be built next door to the Sands Beach Resort in Costa Teguise. The main hotel accommodation blocks are now very visible, much work remains to complete the construction. Some construction noise may be heard at the neighbouring hotels, Siroco Adults Only by SeaSense and Sands Beach depending on the wind direction. Updated Oct 2025.
The 5* Gloria Palace Costa Teguise is licensed for 709 beds and was originally scheduled to be inaugurated in 2024. Room types will include 252 double rooms of which 7 are adapted; 40 suites (2 adapted), 60 suites with their own pools (2 adapted), 3 single rooms and a premium suite with private pool. Plans include building one of the largest spas in Europe (4,812 m2) a strong focus on health and well being. Sports facilities include a multi purpose track, padel courts and a gym.
Costas the agency responsible for Spain’s coastline has rejected permission for a new beach to be created in front of the hotel. This decision has been appealed by Gloria Hotels.
El Guarapo
Notification of work at the back of El Guarapo Apartments has been advised in May 2025 for the construction of new tennis courts and a swimming pool. No significant impact is expected, the work will be visible from outside the hotel grounds and mild noise may be heard during 08:00-15:30 Mon to Fri.
We routinely give this kind of information to our clients as part of our service. Can we help you price up your next holiday? If so, please complete the form below, or call us any time for a chat on 0800 810 8404.
