The Shore­line’s Phase I sold out

The Malta Independent on Sunday - - BUSINESS & FINANCE -

Phase I of The Shore­line high qual­ity res­i­den­tial project is sold out. “Ri­ca­s­oli Prop­er­ties Ltd is now al­ready re­ceiv­ing en­quiries re­gard­ing Phase II and is al­ready ac­cept­ing book­ings for apart­ments within this phase,” an­nounced Ben Muscat, chair­man of the pri­vately-funded en­tity de­vel­op­ing the €200 mil­lion project at SmartCity in Kalkara.

A mixed use de­vel­op­ment that is al­ready syn­ony­mous with a serene life­style in this emer­gent part of Malta, The Shore­line will com­prise so­phis­ti­cated liv­ing with more than 500 shore­line res­i­dences, all en­joy­ing spec­tac­u­lar views, land­scaped open spa­ces, and an as­sort­ment of com­mu­nity ameni­ties.

Mr Muscat ex­plained that SmartCity en­joys a Spe­cially Des­ig­nated Area Sta­tus (SDA). This pro­vides a sig­nif­i­cant po­ten­tial for for­eign in­vestors who may be in­ter­ested in own­ing apart­ments at The Shore­line.

“A great lo­ca­tion, a high qual­ity vi­sion for the project, the pro­fes­sion­al­ism shown by the project pro­mot­ers cou­pled with Malta’s buoy­ant econ­omy have re­sulted in The Shore­line gen­er­at­ing very pos­i­tive rat­ings by lead­ing Mal­tese and for­eign real es­tate agen­cies as they are see­ing a great up­side po­ten­tial for in­vest­ment in res­i­dences at The Shore­line,” Mr Muscat said.

When asked what makes an apart­ment at The Shore­line such an at­trac­tive propo­si­tion, Steve Carter, man­ag­ing direc­tor of Ri­ca­s­oli Prop­er­ties Ltd, ex­plained that most of its res­i­dences en­joy breath­tak­ing views, an as­sort­ment of com­mu­nity ameni­ties, and a to­tally car free and pedes­tri­an­ized en­vi­ron­ment. The Shore­line of­fers apart­ment own­ers a unique ex­pe­ri­ence of con­tem­po­rary liv­ing in a new at­mos­phere on an is­land that has a bright future. These res­i­dences de­liver an im­por­tant and es­sen­tial res­i­den­tial com­po­nent to the cur­rent of­fices and other ex­cit­ing de­vel­op­ments pro­jected at SmartCity for the next five years.

By far the largest and most sig­nif­i­cant de­vel­op­ment of its type in the South, The Shore­line will com­prise a shop­ping mall hav­ing a gross area of 25,000 square me­tres in­clud­ing some 30-out­lets on two floors, with am­ple space for un­der­ground park­ing. Haskoll, one of Europe’s lead­ing re­tail ar­chi­tec­tural prac­tices, has been ap­pointed to de­velop a new land­mark com­mer­cial des­ti­na­tion with its flair for ar­chi­tec­ture, in­te­rior de­sign and ex­pe­ri­ence in the de­liv­ery of projects in Europe and in Asia. “The re­sponse we got from Mal­tese and in­ter­na­tional re­tail­ers even prior to any an­nounce­ment about The Shore­line Shop­ping Mall project is very en­cour­ag­ing.”

Ri­ca­s­oli Prop­er­ties Ltd is of­fer­ing com­fort­able pay­ment plans. At the same time, in­vestors know that these apart­ments will ben­e­fit from strong cap­i­tal ap­pre­ci­a­tion be­cause of the project at­tributes re­ferred to ear­lier.

The Shore­line: spec­tac­u­lar views

Newspapers in English

Newspapers from Malta

© PressReader. All rights reserved.