Malta Properties Company plc - Sale of St. Paul’s Bay Old Exchange

On 26 November, Malta Properties Company plc issued an announcement confirming the execution of the final deed of sale in respect of the St. Paul’s Bay Old Exchange to Vienna Company Limited (who accepted the promise of sale agreement originally entered into with BLMG Limited as announced on 04 August 2017)  for a total consideration of €3.75 million.

The proceeds from the disposal of the property are expected to go towards part funding MPC’s future development projects and/or any acquisition opportunities.