The Shoreline - shaping the south-eastern coastline into a new destination
Located a stone’s throw from the seafront overlooking the azure Mediterranean Sea, The Shoreline is an unparalleled mix of more than 400 luxury residences and a shopping mall. Set to be completed by 2022, this luxurious project will be creating a unique lifestyle and sophisticated destination in the area of SmartCity Malta.
The Shoreline is a €200 million private project by Ricasoli Properties Limited. The residences will be enjoying spectacular views, landscaped open spaces, and an assortment of community amenities. The varied mix of 1, 2, 3-bedroom apartments with spacious terraces are all offered highly finished throughout with an excellent choice of sizes and layouts. Owners and tenants will benefit from a unique and exciting experience of contemporary living in a new environment on the Mediterranean coast.
These apartments enjoy a Special Designated Area Status (SDA), and fully conform with the parameters of the approved 2008 Masterplan for SmartCity Malta. Both EU and non-EU nationals can purchase property at The Shoreline with the same acquisition rights as Maltese citizens, and without the need to obtain an Acquisition of Immovable Property (AIP) permit. There are no limits on the amount of properties a buyer can purchase and, once acquired, the owners may also lease the properties out.
“Following a sellout of the first 100 apartments at The Shoreline’s Phase 1 within a few weeks from its launch, enquiries for Phase II apartments are already gaining momentum. These units are within a particular block where all apartments enjoy views of the Mediterranean sea,” said Steve Carter, managing director of Ricasoli Properties Limited.
Ricasoli Properties Ltd is currently offering Phase II seafront units with client-friendly payment terms. Payment structure consists of a 10% deposit on promise of sale agreement (POSA), 10% payment upon the issuing of full development permits, 10% payment upon completion of the unit in shell form while the remaining 70% will be paid upon final deed of purchase in a finished state. Garage spaces are also available.
Moreover, four major banks – APS Bank, BNF, BOV and HSBC - are all offering various loan packages for clients interested in purchasing properties at The Shoreline, giving buyers added flexibility and choice.
“Very positive ratings are being generating by leading Maltese and foreign real estate agencies as they are seeing a great upside potential for investment in these residences,” added Mr Carter.
The Shoreline will also combine two levels of retail outlets – The Shoreline Shopping Mall - covering 25,000 square metres, with ample space for underground parking and overlooking the SmartCity Laguna.
Enquiries and reservations for the remaining units of Phase II are being received at sales@theshorelineresidence.com and tel: +356 2180 8895; +356 9949 7518 More information is available at www.theshorelineresidence.com.