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MALTATODAY 9 NOVEMBER 2025

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A proposed 10-storey hotel in Paceville would dominate views of the Augustinian convent and Villa Rosa, photomontages pre- sented by the developer show. The photomontages were re- quested by the Superintendence of Cultural Heritage. They il- lustrate the visual impact of the proposed hotel on the scheduled Villa Rosa and the Augustinian convent. The hotel is being proposed in place of a villa and its exten- sive green grounds located near St Rita's chapel and the Augus- tinian convent. The site lies less than 40 metres from the upper entrance of Villa Rosa. In a submission to the Plan- ning Authority last month, the superintendence noted that the site lies within the setting zone of both Villa Rosa and the St Au- gustine monastery—both Grade 2 scheduled properties. While acknowledging existing and approved developments in the area, the superintendence requested photomontages of the proposed building, captured from Triq Sqaq Lourdes. It stat- ed that further comments would be issued following an assess- ment of the requested visuals. The chapel, convent, and Vil- la Rosa are all listed heritage buildings, but they now stand in an area increasingly engulfed by high-rise development that has replaced the once low-lying villas of Paceville. Another hotel located next to the Hyatt Hotel is still awaiting approval by the Planning Authority. The Villa Rosa development proposed by Anton Camilleri on the other side of Villa Rosa also includes a high-rise devel- opment which could go up to 39 floors, according to the draft lo- cal plan revision being proposed by government. The 12-storey Hyatt Regency Malta, located just metres from the proposed site, was approved in 2018 on land owned by the Augustinian Order despite ob- jections from the superintend- ence and the Archdiocese of Malta. If approved, the new develop- ment would extend the high-rise entertainment district even clos- er to Villa Rosa. The project, proposed by Al- bert Henry Xuereb, foresees a 93-room hotel spread over 10 floors above ground, with five underground levels, a rooftop pool, and ancillary facilities. Heritage NGO Din l-Art Ħel- wa has objected to the proposal, warning that it could serious- ly impair the visual amenity of these scheduled monuments, undermining their heritage in- tegrity and value. The organi- sation stressed the importance of detailed visuals to properly assess the development's impact and ensure the visual context of the historic properties is pre- served. The Augustinian Order has reserved the right to submit rep- resentations as necessary. 14 maltatoday | SUNDAY • 9 NOVEMBER 2025 JAMES DEBONO jdebono@mediatoday.com.mt NEWS MALTA GOVERNMENT STOCK FOR SAFE INVESTMENT AND LIQUIDITY WITH INTEREST PAID UP TO THE DAY OF RE-SALE OF STOCK ◆ SECURITY ◆ CONTINUOUS LIQUIDITY ◆ INTEREST EVERY SIX MONTHS ◆ (The value of the investment may go up or down during the tenor of the Stock.) Treasury Department, Development House, Level 2-3, St. Anne Street – Floriana, Malta Tel: 2596 7125 Secure Investment Issue of €350,000,000 in Fixed Rate Malta Government Stocks MALTA GOVERNMENT STOCKS ^dKͲ'sZE ________ The price for each Stock in (i) (ii) and (iii) above, offered for subscription by members of the public shall be established on Thursday, 13 November 2025, based indicatively on the prevailing secondary market prices, and shall be announced through a Press Release issued by the Department of Information (DOI). (i) 2.55% Malta Government Stock maturing in 2030 (ii) 3.40% Malta Government Stock maturing in 2035 and Fixed Rate Malta Government Stocks Applications from members of the public for an amount up to a maximum of €499,900 per person in any one or in any combination of the three stocks on offer open on Monday, 17 November 2025 at 8.30 a.m. and close at 2.30 p.m. on Wednesday, 19 November 2025. Applications from wholesale investors in the form of sealed bids (auction) open at 8.30 a.m. on Friday, 21 November 2025 and close on the same day at noon (CET), or earlier at the discretion of the Accountant General. The application forms may be obtained from, and lodged at, all Members of the Malta Stock Exchange and other authorized Investment Service Providers on the indicated dates. Application forms may also be downloaded from the Treasury's website at htts://treasury.gov.mt/en/application-forms/ from Friday, 14 November 2025. The Accountant General announces the issue of €350,000,000 Malta Government Stock in any one or in any combination of the following two stocks: The sum of money to be raised may be increased further up by a maximum of €100,000,000 in the event of oversubscription. (iii) 3.80% Malta Government Stock maturing in 2040. Paceville hotel could dwarf Villa Rosa and Augustinian convent One of the visuals showing how the proposed 10-storey hotel will rise steeply over the Augustinian convent

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