Parliament is preparing to examine yet another valuation linked to the highly contested change-of-use concession granted to the owners of the Fortina Hotel in Sliema. The Lands Authority has formally decided to discard all previous valuation exercises, including those referenced by the National Audit Office and to restart the process entirely with a new technical assessment....
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NEWS Malta
January 16, 2026
Sliema Townsquare tower dispute and confidential settlement
The long running controversy surrounding the proposed Townsquare tower development in Sliema has once again drawn public attention following disclosures about a confidential settlement agreement between developer Michael Stivala and...
NEWS Malta
October 6, 2025
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...