Corporate Village Malta awarded prestigious international award

Corporate Village Malta was chosen as best Smart City Europe project in the Real Estate Awards held in Milan - also known as the Golden Brick Awards - beating off competition from Moscow's $4 billion Metropoliya Business District and the Varyap Meridian in Istanbul.

Malta Enterprise chairman Alan Camilleri was presented with the award during a charity gala night at the East End Studios in Milan.

Among others, categories included awards for architecture, environmental initiatives, as well as best service, best tourism and best consultancy projects, although most categories were reserved for Italian entries.

Corporate Village Malta was awarded best project for the creation of future cities built on sustainability and urban integration.

The event, held in collaboration with the Italian Ministry for Arts and Culture, was in aid of those affected by the earthquake in L'Aquila last year.

Malta Enterprise re-launched the expression of interest for the construction, business development and management of this urban regeneration project at an international level and presented the Corporate Village Malta concept to potential foreign investors.

Following the local unveiling of the project, the launch provided an opportunity to promote Corporate Village Malta among international real estate communities.

Besides launching Corporate Village Malta, Malta Enterprise also promoted investment in Malta and gave details of the services, schemes and incentives it offers.

Corporate Village Malta will be an architectural icon and a landmark energy-efficient building capable of capturing the aspirations of a nation.

Carrying an investment estimated to cost between €150 and €200 million, the village sets out to be the embodiment of the government's Vision 2015+ and intends to become the focal point within a booming central business district in Malta.

The project also seeks to respond to opportunities that arise from the demand for high quality office and commercial space in Malta - which is expected to grow as the country develops further and expands its services sector.

Corporate Village Malta is designed to accommodate a broad range of facilities and services designed to promote an optimal working environment and a balanced lifestyle for users and visitors.

While the government is guaranteeing a minimum occupancy of 30 per cent of office space, the project development, operation and marketing will be entrusted to the private sector.

Other expected tenants include organisations dealing with commerce and trade activities, such as those offering fiduciary services, legal services, brokerage and international trade.