Corporate Village ‘incorporates’ private land

The land, which includes privately owned factories and warehouses, occupies 8% of the project’s total footprint of 36,400 square metres.

Owners who have contacted this newspaper have expressed their disappointment at the fact that they have only learned that their land was included in the project from reports on the media, and after reading a call for expression of interest issued by Malta Enterprise.

The document states that most of the site is held under title by Malta Industrial Parks, but a small portion at the South end of the site (approximately 3,000m2) belongs to third parties.

The expression of interest states that the transfer of immovable property for the implementation of this project will be made in accordance with the provisions of the Disposal of Government Land Act.

Corporate Village Malta intends to achieve Malta Government’s vision of excellence by establishing a banking, financial services and trade hub in Mriehel, the nascent banking, finance and commercial district in Malta.

Located over a footprint of 36,400m2, Corporate Village Malta will provide office, leisure, retail, sports, conferencing and parking facilities in 130,000m2 of space. It will serve as Government’s single point of contact for business with the re-location of Malta government’s main regulatory and business support agencies and departments to the site.

With Malta envisaged to take over the EU Presidency in 2017, Corporate Village Malta will be the main hub of activity for the Presidency Summits and events during its six month tenure.

Following the Expression of Interest, which closes on September 3, 2010, Malta Enterprise will issue a Request for Proposals to the short-listed parties following the conduct of a due diligence process.

The preferred bidder will be granted an emphyteusis for 50 years, with the project commencing in 2012 and estimated to be finalised by 2015.