Shoreline Holdings are paying a €32 million premium for a lease of 99 years retroactive from 2007 to sub-lease a part of Smart City: The Headlines –  Malta Today

Malta Today leads with a threat of industrial action by the Airline Pilots Association as Air Malta pilots demands assurances of an early retirement scheme. Government argues this would breach EU state aid rule and warns it will operate the airline with another company.

Malta Today says that Shoreline Holdings are paying a €32 million premium for a lease of 99 years retroactive from 2007 to sub-lease a part of Smart City. The company will pay €12,222 in annual ground rent, revised by 5 percent every five years.

 

 

Via CiConsulta BeInformed Media Monitoring Service

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