NEWS | Wednesday, 22 August 2007

Miller Developments - UK are on their way to Malta

Miller Developments is preparing to raise GBP 700 million to invest in Retail property in Europe. The development of a shopping centre in Sliema worth GBP 46 million, which is due for completion in 2009, is just one of these investments and was reported recently in the British Sunday Times.
The Sliema Development is to be named the ‘Point Shopping Centre’ and is a joint venture with Maltese partners. It is expected to have a Debenhams shop as part of this project.
The CEO of Miller Developments, Phil Miller, has been reported to comment favourably on Malta as one of the EU accession countries - now members - that offer a massive opportunity. He goes on to add that the arrival of low cost carriers, the quality of the workforce and its strategic position are all plus points and said, “Malta was attractive for developers as it benefits from EU membership”.
This testimonial comes hot on the heels from another positive article on Malta as reported on the BBC website relating to the nation’s attractiveness for IT related projects.