Issue link: https://maltatoday.uberflip.com/i/1297549
14 maltatoday | SUNDAY • 11 OCTOBER 2020 COMMERCIAL Vassallo Business Park welcomes first tenants in the coming months VASSALLO Business Park is a large scale development which will deliver 33,000 square metres of large industrial rental space in the central north area of Bur- marrad, Wied il-Għasel Valley. Following the market re- search carried out, the group established a gap in the market which led to the inception of this project, catering for medi- um to large entities. The state of the art complex is spread over 2 levels and will offer maximum flexibility with are- as for rent. As an added value the property will feature a 30 metre buffer zone between the development and the valley to enhance over 8000 square me- tres of landscaping where an earth-conscious approach was adopted in the erection of the building, promoting additional green space in the park to com- pliment the green strip of the valley. The complex also features an Administration block which will be managing the day to day operations of the complex while ample parking spac- es within the building will be available. The first tenants are set to move in and start operat- ing from the business park in a few months time. This is another project form- ing part of Vassallo Group's extensive portfolio. For more information kindly visit www. v a s s a l l o b u s i n e s s p a r k . c o m . Anyone interested in renting space can get in touch by send- ing an email to info@vassallo- businesspark.com or calling on 99470266 / 79432333. Frank Salt Real Estate opens new letting branch in St Julians ALTHOUGH COVID-19 had an effect on the letting market, there is still a consistent de- mand for letting properties, so much so that Frank Salt Real Estate has set up a new branch dedicated to letting – this time on Triq Gorg Borg Olivier, St Julians. The branch will complement the other dedicated Frank Salt letting branch on Tower Road Sliema, together with a pres- ence at all the other branches operated by the firm. The new 'Spinola' office will have a full complement of experienced letting consult- ants, including some of the most-seasoned members of the Frank Salt team. Equipped with the latest tech- nology and the island's largest rental properties database, the new office is geared up to assist with any type of rental enquiry. Frank Salt Real Estate has always recognised the impor- tance of the property letting market and was in fact the first agency in Malta to establish a dedicated letting division, more than 50 years ago. Today it operates two ful- ly-fledged property rental of- fices, supported by a further team of 30+ letting consultants spread across its other branch- es. "We are optimistic that ac- tivity in the letting market will recover and will soon get back to pre-COVID levels, especially once restrictions on incoming flights are relaxed. This has led the company to further invest in this sector," said operations Director, Darren De Domeni- co. The rental market has been strong and consistent for more than five decades thanks to the rapid growth within the expat community and new business- es setting up on the island. 2020 was meant to be another record year for the company's letting division and albeit the challenges that the COVID-19 pandemic brought about, the company is confident that a healthy rental activity will re- sume very soon. The company also offers a dedicated service of short let rental properties, through its sub-group Malta Holiday Lets, which is a site dedicated solely to vacation rentals. The website serves as an ex- tension of the short-let accom- modation rental service that is already being offered through- out its branches. Moreover, a property man- agement service is extended to landlords, which takes care of rental properties, from main- tenance works and repairs to handling of bills and post in the owner's absence.