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"The entrepreneur is essentially a visualizer and an actualizer... He can visualize something, and when he visualizes it he sees exactly how to make it happen." - Robert L. Schwartz |
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At the tip of Tigné peninsula, historic Fort Tigné looks out over the clear expanse of the Mediterranean. Behind the fort, works on the impressive MIDI Consortium Tigné Point mixed use new town development continues at a steady pace. As part of this development, MIDI plans to bring to market its twin block world-class office building in mid 2010. With a net rentable area of 16,000 square metres, this building will be the largest and most technologically advanced office offer on the Island and will form an integral part of the entire development at Tigné Point. Malta’s strategic location in the central Mediterranean and the anticipated growth in the market in the coming years will certainly make this office offer one of the most attractive office offers for both local and foreign tenants alike. More importantly, this timing will converge with Malta’s emergence from an underdeveloped office market into one which must compete with the city and suburban markets of other commercial centres around Europe. The development of the building will also parallel with a period of intensive marketing by the Malta Financial Services Authority (MFSA) to promote the island as a best choice financial services operational. The office block will occupy a pivotal location within this development - the North block with extensive sea views and the South block overlooking the picturesque central Piazza, the heart of the development. The top floors will naturally enjoy views of the country’s capital city, Valletta over Marsamxetto creek. MIDI is conscious of the fact that office space users in other mature office markets around the world have forced the pace in making developers build to specifications that address the real current and anticipated future needs of occupiers. The world has moved on from the simple maxim of the 3 L’s of real estate selection. Indeed, at Tigné Point, the 4 P’s may be more appropriate: Parking, Public transport, Premises and Proximity. Parking Public Transportation Premises Proximity The ancillary Theatre and Business Centre facilities will be located to the north of the block which is ideal as this area offers open sea-views and a more private setting than that on the Pjazza. The development also includes four levels of underground parking. At ground floor level it has long been recognized that the block's southwesterly orientation makes it ideal to house catering establishments with extensive dining terraces on the Pjazza. These will require kitchen facilities which will be housed at the levels below.
Malta’s economy is changing and moving on from a predominantly industrial base to a service/knowledge-based economy. Financial services currently generate 12% of GDP and this is expected to double over the next decade. On-line betting firms and back-office operations are also a growing market. As the number of expatriates coming to Malta to work increases, so does the demand for office accommodation. This shift in the economy has brought about a large increase in the demand for international-grade office buildings, an increase which is expected to continue. Overall, there is a positive outlook for the office market – Malta was recently ranked third in the list of countries that are most attractive for financial service companies to operate from. Movement and Massing Contact Tigné Point for Commercial Space enquiries |
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