Malta Properties Company has sold the former Go telephone exchange in St Paul’s Bay, for €3,750,000.
The sale, through MPC’s subsidiary SPB Property Company, was made to BLMG Ltd, linked to the Bilom Group.
The sale includes the St Paul’s Bay Old Exchange in Triq San Ġorġ as well as the outside areas within the boundaries of the complex.
The promise of sale is valid up to December 31, 2019.
The proceeds from the disposal of the property are expected to go towards funding MPC’s development projects and/or any acquisition opportunities.