Development Focus: The Shoreline
This is by far the largest and most significant mixed-use development of its type in the South of Malta
THE RESIDENCE
Synonymous with a serene lifestyle in this emergent part of Malta, The Shoreline consists of a residential element of just under 370 upmarket residential units made up of a mix of studios, 1-2-3-bedroom apartments, duplexes and penthouses, all finished to the highest standards and having an assortment of landscaped open spaces and community amenities. Most units enjoy spectacular views from spacious terraces and the literally shoreline location of this project is unique in the Maltese Islands, as well as being the only current Special Designated Area with significant numbers of units available for sale, allowing both EU and non-EU nationals to purchase multiple units with the same rights as Maltese citizens. Market reception has been excellent, with over 160 units units already on Promise of Sale Agreements registered with the authorities or under Reservation Agreement against holding deposits. Buyer ratios are 49% local and 51% overseas clients, with the Chinese and South African markets showing particularly keen interest. Given the wide selection of layouts, orientations and sizes, there is a healthy mix of investors, first time buyers, retirees, buy-to-let clients and end-users who intend to reside permanently at The Shoreline. The latest launch of another two upmarket blocks in June this year has also been well-received by discerning clients in search of something truly different and special, be it the outstanding floor plans, the fantastic views or the unique foreshore position. This is Mediterranean living at its finest.
THE MALL
The retail element is composed of an upscale shopping mall having a gross floor area of 25,500 sqm and just over 14,000 sqm of lettable outlets that will
provide expansive retail areas over two double-height floors of retail space, illuminated naturally on both levels via a large central atrium. The Shoreline Mall will be offering a shopping experience like no other in Malta in terms of circulation space, feel, natural light and quality of materials, not to mention the three spacious levels of parking that underly the whole project, giving customers ease of access in a secure and intelligently managed parking facility that is set to be one of the most modern and innovative in the Maltese Islands. Expressions of interest have been forthcoming from about 70% of the brands and operators presently in Malta, and The Shoreline is actively engaged in discussions with several major foreign brands not yet present in Malta, with a view to attracting them to The Shoreline Mall. Great attention is being given to optimising the brand selection and clustering effect in order to offer the optimal mix of retail, leisure, entertainment and catering in this exciting new destination. Excavation works are currently in full swing and it is envisaged that The Mall will be completed and open for business within two and half years from start, with all The Shoreline residences completed and handed over a further one year down the line. It is the developers’ intention to build the whole project at once.
Live, shop, explore and dine — all this and more may be enjoyed from the literally shoreline location of this project, in a safe, child-friendly, carfree and unpolluted environment.
For more information:
Call: (+356) 2180 8895 or (+356) 9949 7518
Email: [email protected]
Visit: www.theshorelineresidence.com
Source: Malta Property Annual 2019/2020
Please click here to download a PDF version of the Malta Property Annual 2019/2020.