Malta Properties Company plc - Sale of Sliema Old Exchange

On 31 January, Malta Properties Company plc announced that it has entered into a promise of sale agreement for the sale of the Sliema Old Exchange for a total consideration of €5.0 million. The property is being sold by the Company tale quale and subject to the terms of an ongoing lease agreement.

The Company further explained that the promise of sale agreement is valid and effective up to 31 January 2018 and the sale proceeds are earmarked towards funding other development projects and/or any acquisition opportunities.