Malta Now Attractive Shopping Destination

  • 14 years ago
  • Uncategorized
Malta’s largest mall, the €60 million The Point, part of Sliema’s Tigné Point development, will open at the end of March 2010 to introduce a new retail experience to Malta.
 
The Point’s 14,000 square metres of rentable space is to be occupied by 49 retail units, many of which are flagship stores of well-known global brands already established locally and a host of new names making their debut in Malta.
 
Among them is the 2,500-square metre Debenhams store, besides a collection of international fashion brands. At the lower level, Chains supermarket will take up 1,800 square metres with what promises to be a high quality, diversified proposition.
 
According to Ben Muscat, chief executive officer of Tigné Point developer Midi plc, most of the stores, which average over 200 square metres in size, will be fully operational on opening date.
 
“One aspect of The Point’s design brief was the creation of a sense of space,” said Mr Muscat. Mr Muscat added that the retail units at The Point are innovative in design as similar headroom and size have never been available to tenants in Malta before.
 
Mr Muscat pointed out that all tenants at the mall are Maltese. Entrepreneurs have endeavoured to invest millions of Euro in shop fits and new jobs, and The Point’s management has been encouraged by the take-up of retail units at comparably high rents. It was evidence, Mr Muscat believed, that Maltese business confidence is heartened despite the economic climate.
 
The Point will be served by over 1,000 basement car parking spaces. The entire development’s pedestrian areas are extensive. Mr Muscat said that at 2,500 square metres, Piazza Tigné is as large as Valletta’s Pjazza Regina, while the north public piazza occupies a further 1,000 square metres. A network of pedestrian passageways permeate the entire peninsula on which Tigné Point sits.
 
Mr Muscat said. “Tigné Point is a peninsula adjacent to Sliema, a thriving and bustling commercial destination with a considerable residential component, so it was a natural evolution of Sliema for Tigné Point to have a strong commercial element.”
 
Mr Muscat also believed Tigné Point has much to offer to the local community.
 
“The Point is not a retail centre in isolation – it is part of something larger, something that was always envisaged as a mixed-use holistic destination,” he explained. “Pjazza Tigné will be commissioned in May and, following this, Fort Tigné will then be launched as the first heritage and leisure destination in Sliema. For the first time, tourists will also then have a cultural reason to visit Sliema.”
 
Tigne Point. Brand new luxury residential homes for sale.
A secure and gated environment in landscaped gardens surrounded on three sides by the sea. The homes, state of the art offices, retail complex ( a 60 store shopping Mecca) plus sports and leisure facilities are all within a 30 acre car free environment.
 
These are brand new contemporary style waterfront properties with magnificent views. Designed to capitalise on their unique location at the entrance to the natural harbour of World Heritage city, Valetta, the homes are beautifully appointed, with opportunities to personalise to ones private taste.
 
There is a choice of views of the Capital of Valletta across the harbour waters, the brand new Piazza, landscaped gardens or the sparkling Mediterranean. There is access to a brand new shoreline pool, recently created walkways and sports facilities.
 
Properties currently available comprise –
Two bedroom apartments starting from £360,000
Open plan penthouses, each with private infinity swimming pool from £1,333,000.
 
TIGNE POINT
www.tignepoint.com
+356 2065 5510

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