Portomaso is a unique waterfront development which promises to fulfil the aspirations of the world’s most discerning property seekers and even more so, the requirements of the yachting fraternity. You can literally step from your home to your boat and vice-versa.
Situated in the sought after district of St. Julians, Portomaso offers a truly inspiring choice of luxurious 2-, 3- and 4-bedroom waterfront apartments overlooking a magnificent yacht marina, a 5-star Hilton hotel, a 23-storey office tower, a conference centre and a 2100-vehicle underground car park. The site covers an area of 128,000sqm (31 acres) and the meandering design of the Marina results in 1.6 km of water frontage.
Given Malta’s azure seas, superb climate and mid-Mediterranean position, it is not surprising that the Island is a haven for yachting. And the yacht marina at Portomaso promises to be more than a haven for the local and international yachting fraternity.
A number of other distinctive features are also apparent which render Portomaso a unique development by any standard. One key feature is the low building density, a mere 20% coverage, and the large area of open space within the complex. This will allow practically all properties to enjoy open views of the marina and the sea. The open areas benefit from lavish landscaping, while 90% of the area is a car-free zone. Of course, the development provides generous underground parking facilities at the back of the complex.
Portomaso has established itself internationally and has received a number of accolades including ‘Best Marina Development in Europe’ award in the prestigious International Property Awards for three consecutive years and the ‘Award for Outstanding Landscaping’ within the complex from the British Association of Landscape Industries.
Quoting Hilton International: Projects usually vie to carry the name of Hilton International in an attempt to strengthen their potential. In the case of Portomaso the development reinforces the strength of Hilton”. Hilton consider the Portomaso Hilton to be one of its flagship hotels.
The apartments can be finished to purchaser’s design and specifications and vary in terms of layout, sea frontage etc. and include a number of garden apartments and penthouses which have their own private swimming pool. Prices depend on a range of aspects including the area, the amount of sea frontage, the orientation and the size of the terraces, which vary from 30 to 150 square meters.
This attractive environment houses the apartments themselves which are being built to luxury specifications. Besides the obvious attraction to the boating fraternity, who can practically step from their home to their boat, most buyers want to relocate to what promises to be the best address in Malta. So much so the complex has received the Best Marina Development in Europe award for two years running.
The 115-berth Marina, which was commissioned in September 2000, actually consists of three separate but interconnected basins, Inner, North and South basins. The inner and South basins are all-weather basins whereas the North basin is reserved for transient summer berthing.
Situated near the entrance to the development, is the elegant LUXE Pavilion dedicated mainly to up-market women’s fashions. Another area is a chic shopping mall, suitable for various retail activities such as news agent, perfumery, pharmacy, fashions, antiques, travel agency etc. The area is the ideal shoppers’ haven with its 2000-car underground parking facility and already established top-notch supermarket and a variety of catering outlets, the commercial area is an unqualified success.
The Portomaso Business Tower, which has become something of a landmark in Malta, has a selection of offices ranging in size from 40m2 to 110m2 and are ideal for smaller companies, legal chambers etc. A Conference Centre, a state-of-the-art Lm6 million investment with a total capacity of over 1,400 delegates, making it the largest meeting area of its kind, is situated adjacent to the tower.
Moreover, several outstanding features which make Malta an ideal holiday or retirement destination include attractive residency conditions, reasonably priced property no property rates or taxes, crime free and clean environment, excellent communications, low cost of living and thriving economy. Inflation in the last 5 years has averaged 2%.
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