Following Board approval of a masterplan in mid-2014 and the concept designs in mid-2015 an application was submitted to MEPA in June 2015 effectively commencing the approval process of this prestigious development.
The business park project is being designed by a world class international firm of architects, Ian Ritchie Architects Ltd, with the support of Maltese based engineers, TBA Periti, and assisted by a multi-disciplinary team of local and international experts and consultants.
The development will celebrate Maltese industrial heritage and be an exemplary transformation of a magnificent ‘industrial’ building which will provide outstanding contemporary workspace and public attraction. The design will introduce state-of-the-art environmental technologies for the cooling and heating of the buildings and set new green local standards for workspace environments.
Furthermore, the Group has affirmed its intention to hive off a number of its properties from its core food and beverage business into a separate and distinct property-focused public limited liability company which is scheduled to be setup in mid-2017.