The Malta Independent on Sunday
The Shoreline’s Phase I sold out
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.