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Corinthia To Pay Just €17M For Peninsula

by posted 9months ago 96 views
The Corinthia Group will be paying the government just €17 million to build up to 100,000 square metres of residential and office property in St George’s Bay, The Sunday Times of Malta can reveal. Tourism Minister Konrad Mizzi, who is piloting the deal, conceded that the €17 million premium – on a piece of land which according to real estate agents carries a current market price tag of at least €700 million – is to be paid in several installments over a long number of years.

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