Talks were held with the government and Heritage Malta for the return of Fort Tigné to the government before private investors were sought, the MIDI group said on Tuesday. It issued a statement hours after the prime minister indicated that the government opposed MIDI’s transfer of the historic Sliema fort to property mogul Joseph Portelli. Last week
MIDI plc has issued a statement explaining that the planned sale of Fort Tigné forms part of a wider effort to raise funds for the redemption of the company’s €50 million bond, which is due in July 2026. MIDI’s comments come after it announced last week that it had signed a promise of sale to transfer its lease of Fort Tigné to Joseph Portelli for
MIDI plc said in a statement on Tuesday that it had “exhausted discussions” with the government for the return of Fort Tigne to the public before reaching out to private investors, but added that it is still possible for the Fort to revert to the government. This is because any sale of the Fort is subject to government consent. The statement was published
The leader of the Opposition and Nationalist Party, Alex Borg, backed Prime Minister Robert Abela’s position on Fort Tigne Hotel Plans. The remarks come after MIDI announced last week that it had signed a promise of sale to transfer its lease of Fort Tigné to Joseph Portelli for €2.5 million. Portelli has since said publicly that he plans to redevelop
Nationalist Party leader Alex Borg said on Tuesday that Fort Tigné should be returned to the public and that the government should intervene to ensure that this site is not converted into a hotel. Borg declared that the Tigné area has changed drastically over the past 25 years – from a state of abandonment and neglect to a “different story” nowadays
Prime Minister Robert Abela has declared that Fort Tigné is “hands off” for development, insisting that the historic structure must be preserved and ruling out any possibility of it being converted into a hotel. Speaking to journalists after a press conference, Abela was asked by The Malta Independent whether the government would consider buying or
Prime Minister Robert Abela has described plans to turn Fort Tigné into a hotel as “obscene,” signalling firm political opposition to a proposed transfer of the historic Sliema fort to developer Joseph Portelli. Speaking to the Times of Malta Tuesday, Robert Abela said the government would do “all it can to protect the national interest” when it comes
A hotel inside Fort Tigne would be "obscene," Robert Abela said on Tuesday as he indicated the government opposed MIDI’s transfer of the historic Sliema fortification to Joseph Portelli. “It would be obscene if a hotel were to be built there. We will do all we can to protect the national interest," he said. MIDI announced last week that it had entered
Din l-Art Ħelwa today announced that it sent a letter to the Prime Minister on 19 December presenting a "concrete, constructive and financially viable solution for the future of Fort Tigné". The organisation has formally offered to match the financial terms of the current promise of sale and to take over the lease of Fort Tigné. Its goal is to acquire
Heritage NGO Din l-Art Ħelwa offered to match the €2.5 million sale price agreed between investment group MIDI and developer Joseph Portelli for the lease of Fort Tigné, and to take over running the historic site itself. MIDI recently announced that it entered into a promise of sale with Portelli’s company, J Portelli Projects Ltd, under which the
