In a sharply worded judicial letter, MIDI plc, the company holding the 99-year concession to redevelop Manoel Island into a luxury mixed-use complex, has formally accused the Maltese government of actions that allegedly endanger the repayment of a €50 million bond maturing next year. The dispute, involving some 3,000 bondholders and investors, marks a critical point in one of Malta’s most high-profile and long-delayed real estate projects....
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NEWS Malta
October 6, 2025
Shoreline Mall dispute continues as court upholds garnishee
The ongoing legal dispute involving Shoreline Mall p.l.c., its sister company Shoreline Contracting Limited, and Turkish contractor Koray Global Malta Limited has taken another turn as the Maltese courts decided...
NEWS Malta
September 9, 2025
Joseph Portelli Hal Far Project Faces Permit and Grant Risks
Recent developments in the Maltese industrial property sector have brought attention to Gozitan developer Joseph Portelli and his Hal Far warehouse project. Several potential investors have expressed concern after discovering...
NEWS Malta
August 14, 2025
Shoreline faces €43m garnishee order and bond concerns
The owners of Shoreline, a significant real estate development in Xghajra’s Smart City, have been under a legal garnishee order for several months, raising questions about compliance with listing rules...