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16 maltatoday | SUNDAY • 10 FEBRUARY 2019 COMMERCIAL DOUGLAS Salt, Frank Salt Real Estate Director has re- cently returned from a trade mission in Turkey, the aim of which was to raise awareness of Malta's property mar- ket amongst Turkish estate agents and Turkish nationals looking at investing or pur- chasing property overseas. Salt also participated in a trade mission in Turkey organised by the Malta Chamber of Commerce with the President of Mal- ta, Marie Louise Coleiro Preca, on her state visit to Turkey. The mission provided Frank Salt Real Estate with the opportunity to show- case Malta's property offer- ing and explain the lucra- tive investment potential that real estate in Malta delivers. Following the event, the company is now making the necessary arrangements to bring down to Malta Turk- ish companies and high net worth individuals who at- tended the B2B meetings organised by the Cham- ber, along with their coun- terparts in Turkey, giving them the chance to experi- ence the island's potential first hand. Malta is a country with big possibilities for Turkey, Douglas Salt said, following his visit. "Acquiring property in Malta by third party na- tionals for retirement purposes, or to take up applicable residence and citizenship programme, re- mains popular with many foreign nationals interest- ed in the lifestyle and com- mercial advantages Malta offers," he said. "Consequently, invest- ing in a property with the aim of eventually turning it into a profitable rental has become a common trait in Malta for many Maltese, namely because of the in- creasing demands for such accommodation from lo- cals, foreign students, workers and expats who decide to relocate or retire to the Maltese Islands." Further information about the services offered by Frank Salt Real Estate Ltd may be viewed at www. franksalt.com.mt Frank Salt Real Estate explores business opportunities in Turkey LUXURY hotel industry stal- wart Denise Cardona has been appointed Corinthia Palace Hotel & Spa's new Di- rector of Sales, a role she took on in 2018. Cardona brings extensive experience to the position and decades of involvement, having worked in the five-star hospitality sector for her en- tire career. She first joined the hospital- ity industry in the front office department, before switching to leisure sales seven years ago, and then taking on the responsibility of online and MICE sales at the Radisson BLU St Julian's. She took over the manage- ment of corporate sales for the same hotel early in 2018, before joining the team at the Corinthia Palace Hotel & Spa later in the year, in the new role of Director of Sales. "It was the right time to take on a new challenge and a good time to transfer into this posi- tion," Cardona said. "I have been able to create the role of Director of Sales from scratch as opposed to stepping into someone else's shoes, so that has also been an interesting aspect of the job and an opportunity that I have relished." Cardona said the Corin- thia Palace is currently going through some exciting tran- sitions that will maintain the charm of this historic prop- erty while also propelling it to new levels of service and luxury. "This hotel is definitely on the map and there are huge opportunities for us to make the most of, not least with the development of the Mriehel corporate playground near- by," she adds. OVER the past years, Calamatta Cuschieri has helped various businesses grow and thrive by assist- ing them in raising funds or listing through the Capital Markets. In fact, over the last four years, the Calamatta Cuschieri Capital Markets team has been involved in 20 transactions by both local and international companies. Calamatta Cuschieri's roles included the role of Spon- soring Broker, Corporate Advisor or even Manager and Agent to transactions that ranged from issuing of bonds, take overs or demate- rialization, listing and agent forming part of a capital markets transaction. These companies are var- ied in size and in the sec- tors where they operate, and range from real estate, hos- pitality and manufacturing to pharmaceutical and the retail sector. Darin Pace, Head of Capi- tal Markets said: "Calamatta Cuschieri's Capital Mar- kets team assists local and international clients with all types of corporate mar- ket transactions and related services. Our capital mar- kets team has built up the relevant experience through the completion of a number of diverse deals over the last couple of years." He added that the Capital Markets offering includes main market, prospects multilateral-trading facility (MTF) as well as the Insti- tutional Financial Securities Market (IFSM) – all oper- ated via the Malta Stock Ex- change (MSE). The main market is the of- ficial list of the MSE and eq- uities, funds and bonds can be listed on this list. Pros- pects MTF provides financ- ing for small and medium sized enterprises (SMEs) and through this vehicle, such companies can raise capital by issuing bonds or shares. The IFSM is specifically de- signed for the institutional investors and is regulated by the MSE under the Whole- sale Securities Market list- ing rules. Calamatta Cuschieri's Capital Markets team offers various services which in- clude IPO and bond issues, corporate advisory for Pros- pects MTF, listing agency for IFSM, agency services, as well as acting as sponsors for the listing of funds on the of- ficial list of the MSE. Looking ahead, Pace said 2019 promises to be a record year for Calamatta Cuschieri Capital Markets team with a good number of transactions expected to take place dur- ing the course of the year. For more information email capitalmarkets@cc .com.mt , call +356 25688688 or visit https://www.cc.com.mt/capi- talmarkets Calamatta Cuschieri completes 20 capital market transactions over the last four years New director of sales at Corinthia Palace Hotel & Spa Douglas Salt Denise Cardona