Issue link: https://maltatoday.uberflip.com/i/1493026
10 NEWS JAMES DEBONO THE developers Bonnici Brothers are seeking to turn a 5,800sq.m plot of Burmarrad ag- riculture, into a 112-apartment complex of six storeys. Bonnici owns the land in ques- tion, which is partly tilled by farmers who had unsuccessfully objected to previous attempts to develop the site. But the walled-in area, an open field with soil of up to 1m above street level, is still zoned as a res- idential area in 2006 local plans. The development, lying at the corner of Triq ir-Rumani and Triq is-Sardin, would be expect- ed to result in additional vehicu- lar trips affecting the neighbour- ing road network and junctions leading to the site from the main roads, in terms of transport im- pact. Transport Malta called for a study to assess this impact. The Planning Authority is still assessing another request to construct a new roundabout on the Burmarrad road that would calm down traffic leading to the site. According to the local plan, heights on this site are limited to three storeys but since being replaced by metric heights, the development can rise to 16 me- tres to fit in five storeys. A previous permit approved in 2013 and renewed in 2018, fore- saw the construction of 78 base- ment garages and 77 apartments on two full floors and a pent- house level. No development has been carried out as yet. Another application for the construction of 111 apartments in 2018 was withdrawn after the case officer recommended a re- fusal, arguing that zoning for a pedestrian walkway would ena- ble the developers to build more apartments around it. A zoning application to intro- duce a 10m-wide cul-de-sac was approved last year, favourably considered by the PA because it would provide open space with- in a schemed urban area and "a better distribution of dwelling units from a planning point of view". The residential development is being proposed next to Bonnici Bros' storage and parking area, which was regularised in 2017, but plans to excavate a basement parking for their trucks were recommended for refusal by a PA case officer. Bonnici was recently seeking a permit from the PA for a super- market on a nearby 6,870sq.m plot of agricultural land along Burmarrad Road in the intersec- tion with Triq is-Sardin, before these were dropped. maltatoday | SUNDAY • 19 FEBRUARY 2023 Bonnici Bros want 112-unit block on agricultural plot GPH MALTA FINANCE P.L.C. AN ISSUE OF UP TO €25,000,000 6.25% UNSECURED BONDS 2030 GPH Malta Finance p.l.c. (the "Issuer") is offering to the public up to €25,000,000 Unsecured Bonds due 2030 at the rate of 6.25% per annum of a nominal value of €100 per Bond at par. The Bonds are guaranteed, jointly and severally, by Global Ports Holding plc. The offer closes on 3 March 2023. Applications for the Bonds may be made for a minimum of €2,000 and in multiples of €100 thereafter. For more information one should refer to the Prospectus dated 1 February 2023 ("Prospectus"), which may be downloaded from the Issuer's website: http://gphmaltafinance.com/ or collected from any of the Authorised Financial Intermediaries listed in Annex II of the Securities Note forming part of the Prospectus. A copy of the Guarantee by Global Ports Holding plc, including a description of the nature, scope and terms of the Guarantee is appended to the Securities Note forming part of the Prospectus as Annex I thereof. Application has been made for the Bonds to be listed on the Official List of the Malta Stock Exchange. This advertisement has been issued by GPH Malta Finance p.l.c. (C 103534) (the "Issuer") with its registered address at 45, 46 Pinto Wharf, Floriana FRN 1913. The approval of the Prospectus by the MFSA should not be understood as an endorsement of the Bonds offered and admitted to trading on the Official List of the MSE. Prospective Investors wishing to acquire Bonds of the Issuer should read the Prospectus before making any investment decision, to fully understand the potential risks and rewards associated with investing in the Bonds. The value of the investment can go down as well as up and past performance is not necessarily indicative of future performance. An investment in the Bonds of the Issuer may not be suitable for all Investors and Prospective Investors are to consult their Financial Adviser so as to ensure the suitability of investing in the Bonds. Prospective Investors are only able to acquire the Bonds provided that the investment in the Bonds is deemed to be suitable. This advertisement has been approved by M. Z. Investment Services Limited (C23936) of 61, M.Z. House, St. Rita Street, Rabat Malta RBT 1523 (the "Sponsor") on behalf of the Issuer. The Sponsor is licensed to undertake investment services in Malta by the MFSA under the Investment Services Act, Cap 370. ADVERTISEMENT Manager & Registrar Sponsor 45, 46 Pinto Wharf, Floriana FRN 1913, Malta a public limited liability company registered under the laws of Malta with company registration number C 103534 T: +356 25673000