MIDI plc is pleased to announce that its latest waterfront development Q2 has been awarded ‘Best Residential Development for Malta’ and ‘Best Residential Apartment for Malta’ at the European Property Awards 2017-18. The awards specifically recognised MIDI’s most recent residential phase, comprising 60 waterfront apartments set within a 13-storey building. Each apartment has been designed by Maltese interior designer Martin Xuereb and Associates, and includes stunning panoramic sea views and sizeable terrace.
The independent panel of 70 industry expert judges, chaired by Lord Caithness, Lord Best, The Earl of Liverpool and Lord Thurso, praised MIDI’s Tigné Point development for its superior quality, originality, innovative design and commitment to sustainability.
Hosted at the Lancaster Hotel, London, UK, on 26th October 2017, the European Property Awards were open to residential and commercial property professionals from around the globe and celebrate the highest levels of achievement by companies operating in all sectors of the real estate industry.
Tigné Point is the largest real estate regeneration project in Malta, spanning 130,000 square meters. Set on a waterfront headland overlooking the baroque capital Valletta, the development incorporates a wealth of publicly available facilities, making Tigné Point a ‘destination’ address for local residents and tourists alike.
The facilities at Tigné Point include:
- Open spaces and piazzas;
- Cafés and restaurants;
- Sports and leisure amenities;
- A wealth of retail options in the shape of The Point Shopping Mall and Pjazza Tigné;
- High specification residential apartments; and
- A commercial business centre.
Commenting on MIDI’s success at the European Property Awards 2017-18, Mark Portelli, CEO, MIDI plc, said: “We are delighted MIDI’s latest development Q2, has been awarded the Best Residential Development for Malta and Best Residential Apartment for Malta at the European Property Awards 2017-18. The awards recognise MIDI’s significant efforts in making Tigné Point a destination address, which provides a wealth of open spaces and amenities for the whole community to enjoy.”
About MIDI plc
MIDI was granted a concession to develop Manoel Island together with Tigné Point, by virtue of a public deed dated 15 June 2000, the Company acquired the Emphyteutical Land at Tigné Point and Manoel Island from the Government of Malta by title of temporary emphyteusis for a period of ninety-nine (99) years which commenced in June 2000.
About Tigné Point
Tigné Point is one of the most forward-looking and comprehensive real estate projects ever planned for Malta. Part of the circa €600 million Midi development, Tigné Point bridges the gap between the island’s rich cultural heritage, and an altogether newer sense of luxury and sophistication.
Conceived as a mixed-use, lifestyle development, Tigné Point is currently best known for its luxurious apartments. Whilst these continue to attract buyers from different corners of the globe, the residential component of the project comprises just 55% of the area of the peninsula. This is complemented by ‘The Point’ shopping mall, Malta’s largest retail centre, and the car-free Pjazza Tigné – the heart of this mixed-use project and the largest square in the fashionable Sliema district. An international grade business block, known as The Centre, providing some 15,000sqm of office space.
Strong emphasis has been put on the restoration of the important historic sites in the area including Fort Tigné, St Luke’s Garrison Chapel, the Garden Battery and the Clock Tower blocks. These have now been restored to complement the contemporary architecture that characterises the site.
One of the most salient aspects of this project is the fact that all traffic has been routed underground, providing a unique car-free zone at ground level. The development also provides extensive open public spaces and a series of foreshore walkways.