Commercial Property in Malta

Since becoming a full member of the EU in 2004 and adopting the euro in 2008, Malta’s commercial activity has rapidly expanded across the island. This healthy commercial climate can be attributed to the economic growth of Malta, the fact that we have attracted upwards of 35,000 foreign workers, and Malta’s commitment to attracting foreign investment- forging the way in cutting edge industries such as Blockchain, Cryptocurrency, and iGaming.   

Malta’s Commercial Scenario

Malta is praised by foreign businesses for its relatively competitive establishment and operating costs, attractive tax rate, stable economic growth, and modern legal framework with a respected jurisdiction in place that allows for easy incorporation of low-tax companies. Apart from the tangibles that make Malta an ideal place for company relocation, the island also offers an unmatched lifestyle for employees. Malta enjoys 300 days of sunshine per year, warm welcoming people, a reputed healthcare system, great private and international schools, and endless dining, cultural, and historical events and activities. Malta an optimal destination- not only for tourists, but for entrepreneurs, retirees, and those seeking economic opportunities and a coveted Mediterranean lifestyle. 

The majority of Malta’s commercial activity takes place in the administrative capital of Valletta and the Sliema and St. Julian’s area, which is situated close by along the north-western coast. This is also where the island’s shopping, leisure and tourism activity is concentrated. Businesses are increasingly being spread throughout the island to address the growing need for workspaces. Master planned business developments are also available to meet demand- offering a full range of amenities for employees to enjoy such as landscaped gardens, cafes, restaurants, fitness centres, and childcare facilities. Many new commercial developments are planned and will not only change the face of Malta’s skyline, but elevate the standard of office space facilities. A number of the commercial developments below enjoy SDA (Special Designated Area) status—a status granted that allows both EU and non-EU nationals to purchase property in Malta with the same acquisition rights as Maltese citizens. Therefore, there are no limits to the amount of properties a buyer can purchase, the property can be purchased in the name of a company or trust, and once acquired the owner can lease the property without restrictions.  

The Quad Business Towers, Mriehel

The Quad Towers is a stunning development, soon to be sited in the geographic centre of Malta. This mixed-use development will provide an exciting mix of Grade A professional, retail and commercial office space in Malta, supported by a diversified range of retail and amenity outlets, ample parking facilities and spacious landscaped outdoor areas and piazzas. Being developed by the Tumas and Gasan Groups, two of the most notable property real estate developer companies in Malta, and designed by leading architectural firm DeMicoli & Associates, this extraordinary new business centre will set the standards for the workspace of tomorrow

Smart City, Kalkara 

More than a lifestyle, the next level of seafront living. Located in Kalkara in the south of the island, the project epitomises the ‘media city’ concept, blending information technology, business, residential, and leisure in one dynamic development. Luxury real estate housed in SmartCity include premium apartments, detached villas, and townhouses – all designed for the Mediterranean lifestyle and surrounded by serviced common grounds and landscaped gardens. SmartCity is one of Malta’s largest, most ambitious development projects; encompassing an area of 360,000 square metres along the south Maltese coast, the site will house a modern mix of offices and retail spaces, luxury residential property, and open areas complementing the surroundings, centred on a flowing lagoon with views over the open Mediterranean. 

The Shoreline is a newly proposed extension of the existing Smart City lifestyle development with over 400 residencies planned featuring some luxurious seafront villas, spacious apartments, and penthouses many of which will have breath-taking sea views, as well as an underlying retail shopping mall, communal swimming pools, and residential car parking facilities. Proposed adjacent works include a branch of Sapienza Universita de Roma, a state-of-the-art hospital, 300 room 5-star Marriott hotel, and a hospitality campus to cater for 2,500 students. Proposed infrastructure projects such an undersea direct route linking Sliema to Valletta and beyond to the Three Cities will aid in accessibility.

Trident Park, Mriehel

Redefining your office lifestyle- A landmark redevelopment of an iconic heritage site transformed into a green office campus, designed by internationally renowned architects and commanding one of the largest footprints within Malta’s Central Business District. The vision was to create an exceptional and exemplary work environment where businesses can flourish and excel, all whilst meeting the strictest environmental codes and aiming to achieve BREEM Excellent certification. This Grade A office development introduces state-of-the-art environmental technologies, including TABS (Thermally Activated Building Systems) for cooling. It also seeks to optimise natural lighting and ventilation, while minimising the environmental footprint to create a genuine and vibrant green office campus and world class business destination.

The development comprises 7 low-density and low-rise, terraced office blocks, all intersected by landscaped gardens, courtyards and terraces, an above ground car park, well-equipped gym and wellness centre, childcare facilities, common reception areas, retail outlets, a conference facility with supporting amenities, elegant business lounge within a historically restored venue, dining outlets including a food court, café and restaurant, brewpub with on-site microbrewery, and a skybar offering 360 degree views, serving as an ideal spot for informal meetings and an unwinding opportunity for tenants and visitors alike. The smallest office offering is 115-200 sqm with the largest single floor office totalling 2,184 sqm. 

They are being finished and fitted out to the highest standard and effectively ready to move into. The additional fit-out elements will mainly relate to furniture, fixtures and equipment, kitchenette, internal partitions, additional cooling if required, and raised floor covering. Tenants will be welcomed by 2021, with the development being managed by an experienced team with a track record of delivering projects of high standards on time. 

Tigne Point, Sliema

Tigné Point is the luxurious, much-sought after location in the peninsula of Marsamxett Harbour, with spectacular views over the capital city of Valletta and the sparkling Mediterranean. Tigné Point offers premium property in Malta – high end penthouses and spacious apartments, all boasting a unique design internally and externally. The residences take up half of the development, with the remaining space dedicated to a retail shopping mall, piazza, outdoor leisure areas, and corporate offices offering fantastic open spaces with open sea views, with underlying parking facilities. Resident amenities include a communal waterfront pool, fitness facilities, cafés, restaurants and underground parking. Q2 is the latest phase of this development- Brand new seafront residences and a state-of-the-art business centre crafted by one of the island’s leading architectural and design firms.

Pendergardens, St. Julian’s

The Pendergardens concept is: Everything surrounds you here. Occupying a total surface area of 18,500 square metres, the complex is situated in the heart of the thriving town of St. Julian’s. The self-contained, completely pedestrian development is centred around a tranquil piazza, with luxury apartment blocks enjoying large square-shaped interiors flooded with natural light, highest-quality finishes, and stunning views over Malta. The exciting projects comprises  two mixed residential and commercial towers— set to be a new leisure, financial, and business hub. The development includes underground parking, swimming pool, 24-hour security, and ample landscaped areas for residents to enjoy.

Piazetta, Sliema

This exclusive office development is situated at an address that demands attention, right in the cosmopolitan heart of Sliema, at the seafront. The Piazzetta Business Plaza has been designed to cater for the requirements of 21st-century business and offers various floor plates ranging from 110 to 912 square meters. A highly finished reception will present an attractive entry point into this superior office development. An access control system and security cameras will be operational throughout the common parts. Two hundred sixty parking spaces underly the development are connected to the reception lobby and office levels through lifts.

The Commercial Property Market in Malta

Ongoing commercial activity across the island moulded Malta’s commercial property market into one that is capable of meeting the demands and requirements of a fast-paced and fast-changing business environment. Office spaces, including turnkey fully-finished and furnished spaces that are ready to move into, as well as other commercial premises including restaurants, showrooms, and open flexible spaces are all available. Reputable local real estate agencies would have in-depth knowledge and experience in the commercial property market and are able to assist with establishing your business premises. Another sought after alternative is Serviced offices- fully-managed and ready-to-use offices and wo-working space where one can simply walk in, plug their device and start working. Serviced offices provide a highly efficient and flexible office space solution. This type of office space offers readily set up telephone and internet connections, professional reception services and a dedicated support team to attend to individual requirements. The team of real estate professionals at Malta Sotheby’s International Realty (operated by CSB Real Estate Ltd) are able to assist with any commercial property request, offering a comprehensive solution to drive your business forward.