Issue link: https://maltatoday.uberflip.com/i/849592
maltatoday, SUNDAY, 16 JULY 2017 7 News For more information one should refer to the Company Admission Document dated 3 July 2017, copies of which, together with application forms are available during o•ce hours from Financial Planning Services Limited, at 4, Marina Court, Giuseppe Cali Street, Ta' Xbiex. Subscriptions are now open and close on Friday 21 July 2017, or earlier if fully subscribed. The Bonds will be admitted to Prospects, a market regulated as an MTF and operated by the Malta Stock Exchange. The Company Admission Document may be downloaded from the Company's website www.klikk.com.mt. For investment enquiries call Financial Planning Services Limited today on 2134 4244 or send an email to klikkfinance@klikk.com.mt. THE VALUE OF INVESTMENTS CAN INCREASE OR DECREASE AND PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE PERFORMANCE. PROSPECTIVE INVESTORS ARE URGED TO CONSULT AN INDEPENDENT AUTHORISED FINANCIAL INTERMEDIARY FOR ADVICE PRIOR TO INVESTING IN THE BONDS AND TO READ AND UNDERSTAND THE RESPECTIVE COMPANY ADMISSION DOCUMENT. KLIKK FINANCE PLC ISSUE OF €2,000,000 5.25% UNSECURED BONDS 2027 OF A NOMINAL VALUE OF €100 PER BOND AT PAR Corporate Advisor Placement Agent, Manager and Registrar APPLICATIONS ARE OPEN JAMES DEBONO AN applicant who won a permit for a two-storey dwelling upon appeal to the EPRT (environment and planning review tribunal) af- ter the Planning Authority turned him down, is now asking for a five-storey hotel on the same site at Wied Ghomor in St Julian's. The hotel would be sited atop the valley just opposite a row of apartment blocks. However the higher volume would be more vis- ually dominant when viewed from the rear onto Wied Ghomor. Back in April, Environment Minister Jose Herrera announced that he had personally proposed the valley, between Swieqi and San Gwann, for protection under the Public Domain Act. However, when the Planning Authority released a list of 24 pro- posed sites for public consultation last week, Wied Ghomor was not among them because the proposal for Wied Ghomor was submitted after the cut-off date established for sites to be considered in the Public Domain Annual Report of 2017. Wied Ghomor will be addressed in the process of preparing the Public Domain Annual Report for 2018. In 2014 the PA had rejected an application for the construction of a house on the site of the pro- posed hotel, which had been pre- sented by the same owner. Subsequently an appeal was pre- sented and the tribunal decided that permission for a dwelling should be granted but that its bulk should be reduced in order to re- spect the topography of the valley. Revised plans were submitted and approved. But the new application foresees a building which is four storeys high when viewed from the street and five storeys high when viewed from the valley and from across the valley and in an area where two-storey buildings are allowed. Din l-Art Helwa has objected to the proposed development, argu- ing that the previous application was only approved at the appeals tribunal after it was limited to two storeys. "The approved footprint and height should not be altered. This kind of structure is not congruous to rural dwellings and should not be permitted in ODZ," Din l-Art Helwa said. The Environment and Resourc- es Authority has also objected, saying the development "exceeds by far the scale and massing of the approved development" and that the the additional height and massing and high rear boundary wall "are likely to visually intrude onto Wied Ghomor". Moreover the ERA said ap- proval would set a precedent for similar development on existing vacant plots within this area. jdebono@mediatoday.com.mt Wied Ghomor vista threatened by five-storey hotel proposal From a two-storey permit to five storeys: a once refused permit could be set to pave the way for a hotel on the edge of the valley