Tag: Malta property valuation


Fortina insists €8.1m payment exceeded fair valuation

The Fortina Group has reignited debate surrounding one of Malta’s most scrutinised property transactions, asserting that it paid an amount far exceeding fair market value for the waiver of restrictive conditions on its Sliema seafront property. In a detailed technical submission to the Parliamentary Committee, the Group presented expert findings that challenge the National Audit Office’s (NAO) earlier conclusion that Fortina had benefited from an undervalued deal....

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