Corporate Village deadline extended

The deadline for submissions of expressions of interest for the detailed design, development, operation and marketing of Corporate Village Malta, has been extended to October 29.

Originally set to the beginning of September, Malta Enterprise extended the deadline following requests from prospective investors who wanted more time to evaluate the project, expected to carry an investment between €150 million and €200 million.

Consequently, the dates for the eventual shortlisting, requests for proposals, and selection of the preferred candidate would also be shifted, although the actual works are still expected to start in 2012 and be finalised by 2015.

“The project has generated widespread interest wherever it was presented, be it the local launch, the international launch in Milan, a presentation in London, as well as during meetings that Malta Enterprise regularly holds with prospective investors,” executive chairman Alan Camilleri said.

“This extension will give prospective investors a better chance to transform their initial interest into a more concrete submission,” he explained.

With its iconic and innovative design, Corporate Village Malta intends to achieve the vision of excellence by becoming the focal point within the booming central business district in Malta. The Mriehel area has been gradually developing from an industrial zone into a financial and commercial hub, and the establishment of Corporate Village is expected to further enhance this trend.

Corporate Village Malta will provide office, leisure, retail, sports and conferencing facilities in almost 130,000 sqaure metres of space. It will also serve as government’s single point of contact for business with the location of the main regulatory and business support agencies and departments.

Expressions of Interest are to be delivered to the Malta Enterprise offices in San Gwann by 4.30 p.m. of October 29.

www.corporatevillagemalta.com