Malta Properties Company plc - Acquisition of HSBC Contact Centre

On 11 September 2020, Malta Properties Company plc announced that it concluded the acquisition of the HSBC Contact Centre located in Swatar. The property measures nearly 1,340 sqm and includes an adjacent parking area measuring approximately 304 sqm with all rights and appurtenances, including the overlying airspace and subterrain, as freehold. MPC also explained that the consideration price of €8.05 million that was originally agreed upon was reduced to €7.825 million, of which €6.5 million were financed through new bank borrowings.