Von der Heyden Group starts construction of ‘Długi Targ’ Hotel project in the heart of Gdańsk!

‘Długi Targ’ Hotel Development Project is a unique property acquired by Von der Heyden Group in a complex tender from Millenium Bank some years back and is located in the most attractive part in the heart of Gdańsk, at the corner of historical Długi Targ Boulevard and Mieszczanska Street, almost opposite to the Neptun’s Statute and the Dwór Artusa Building.

With history of over 1000 years, Gdańsk is one of the oldest, one of the most dynamic, most popular tourist destinations in Poland. Together with Gdynia and Sopot, Gdańsk forms a conurbation of over 1.2 million inhabitants. Gdańsk, as the capital of the Pomerania Province is also an important academic and business centre in the country.

A complex tender for a General Contractor for construction works has been won by the locally based, renowned company, Allcon Sp. z o.o. sp. k. and the construction agreement was signed on April 21, 2016.

Allcon Budownictwo Sp. z o.o. sp. k. is a Pomeranian company specializing in general contracting in ‘design and build’ type contracts and ‘turn-key’ projects. During 25 years on the market, the company has completed dozens of projects for Polish and foreign investors. Allcon Budownictwo is a proud holder of a number of Certificates, issued among others by Det Norske Veritas (presently DNV GL Group), an independent international certification body. Certificates confirm compliance with the requirements of standards of quality management (ISO 9001: 2008) and environmental management (ISO 14001: 2004).

The chosen architect for the ‘Długi Targ’ Project is also a locally based company ‘Architectonica S.A.’ and the interior design is made by‘TOYA Design’ from Poznań. The Project Manger is ‘Probuild’ Sp. z o.o.

On signing the agreement, Sven von der Heyden, Von der Heyden Group’s Chairman said: ‘We have never given up to make this wonderful project a reality. Our timing at acquistion was not ideal right before the financial crisis broke out in 2007/2008. We have taken advantages of the suffered delays and optimized the design, increased the number of rooms and found a strong banking partner in Alior Bank. I am convinced that this Hotel will be financially very successful given its design and location combined with our usual touch for detail.’

Adam Trybusz, the President of the Management Board of Długi Targ Sp. z o.o., a special purpose vehicle to implement the project, and Co-investor of the project said: ‘The right to participate in such a unique project that is development of Dlugi Targ Boulevard wins with every obstacle on the timeline. This time, the time has not always favoured us. However, with such location it doesn’t matter that much. What matters most is the privilege to co-create the history of the city, the history of the beautiful city of Gdańsk.’

‘We are delighted that such a renowned and respected Investor has appreciated ALLCON Budownictwo’s experience in hotel construction. For our company, conducting construction works in the historical centre of Gdańsk, and with such a demanding and prestigious project, is a great motivation and a big chance for us to confirm the quality of our services.’ – said Mariusz Białek, the President of the Management Board of ALLCON Budownictwo Sp. z o.o., shareholder of ALLCON Budownictwo Sp. z o.o. sp.k.

The ‘Długi Targ’ development project (estimated development budget: Euro 11 million) is based on refurbishment and conversion of three historical semidetached city houses into a unique 90 room hotel with a total area of app. 4.500 m2.

The initial concept of Von der Heyden Group was to create a top 5* refined boutique hotel, however, due to changing market environment, the initial idea responded the local market needs and an efficient and trendy 3* Superior hotel will be created. The building will also have prime retail space on the ground floor. The characteristics of the external façade will be carefully preserved, however at the same time, the interiors will be modern and full of innovative solutions.

On July 1, 2016 there will take place the Cornerstone Laying Ceremony. The hotel will be opened in late summer 2017 and will be managed by IBB Hotel Collection (IBBHC). In Poland, IBBHC successully operates two renowned 4* hotels: IBB Grand Hotel Lublinianka in Lublin and IBB Andersia Hotel in Poznań, both enjoying the best results in terms of REVPAR and occupancy. IBBBHC operates as well two 4* hotels and three 3* hotels in Germany, as well as three hotels in Spain: one 5* hotel, one 4* hotel and one 3* hotel (more info about IBBHC: www.ibbhotels.com).

In the new hotel in Gdańsk, guests will have 90 rooms and comfortable apartments at their disposal located on five above-ground storeys. The hotel will offer business facilities such as free in-room internet and business corners with a computer/printer for a public use. The hotel will also be focused on touristic groups with a drive-in access for busses, being the only hotel in the area with such a convenience. The venue will also offer retail lease and exquisite boutiques.

The city of Gdańsk will offer unforgettable memories and numerous events like e.g. St. Dominic’s Fair that is held in Długi Targ Boulevard, it’s the oldest dated from the 13th century, the most famous, and one of the largest open air events in Europe that attracts about 6.5 mln guests to Gdańsk every summer.

‘Długi Targ’ Hotel Project will be the first development project of Von der Heyden Group in Gdańsk and the Group is actively observing the local market for further opportunities there.

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VDHG Press Release 28-04-2016 ENG

Ground breaking ceremony of hotel development project ‘IBB Hotel Długi Targ’ in Gdańsk

Location: Długi Targ 14-16, heart of the Old Town in Gdańsk
Estimated investment budget: Euro 11 million
Total area: 4.500 m2
End of Construction: late summer 2017
Investor and Developer: Długi Targ Sp. z o.o. (Von der Heyden Group, Adam Trybusz)
Project Manager: Probuild Sp. z o.o.
Architect: Biuro Projektów ‘Architectonica’ S.A.
General Contractor: Allcon Budownictwo Sp. z o.o. sp. k.
Interior Design: TOYA Design Sp. z o.o.
Financing Bank: Alior Bank S.A.
Hotel Operator: IBB Hotel Collection

The ‘Długi Targ’ development project (estimated development budget: Euro 11 million) is based on refurbishment and conversion of three historical semidetached city houses into a unique 90 room hotel with a total area of app. 4.500 m2.

With history of over 1000 years, Gdańsk is one of the oldest, one of the most dynamic, most popular tourist destinations in Poland. Together with Gdynia and Sopot, Gdańsk forms a conurbation of over 1.2 million inhabitants. Gdańsk, as the capital of the Pomerania Province is also an important academic and business centre in the country.

‘Długi Targ’ Hotel Development Project is a unique property acquired by Von der Heyden Group in a complex tender from Bank Millennium S.A. some years back and is located in the most attractive part in the heart of Gdańsk, at the corner of historical Długi Targ Boulevard and Mieszczanska Street, almost opposite to the Neptun’s Statute and the Dwór Artusa Building.

A complex tender for a General Contractor for construction works has been won by the locally based, renowned company, Allcon Sp. z o.o. sp. k. and the construction agreement was signed in April 2016. The chosen architect for the ‘Długi Targ’ Project is also a locally based company ‘Architectonica’ S.A. and the interior design is made by ‘TOYA Design’ Sp. z o.o. from Poznań. The Project Manger is ‘Probuild’ Sp. z o.o. The financing Bank for the Project is Alior Bank S.A.

The initial concept of Von der Heyden Group was to create a top 5* refined boutique hotel, however, due to changing market environment, the initial idea responded the local market needs and an efficient and trendy 3* Superior hotel will be created. The building will also have prime retail space on the ground floor. The characteristics of the external façade will be preserved, however at the same time, the interiors will be modern and full of innovative solutions.

The IBB Hotel Długi Targ in Gdańsk will be opened in late summer 2017 and will be managed by IBB Hotel Collection (IBBHC). In Poland, IBBHC successully operates two renowned 4* hotels: IBB Grand Hotel Lublinianka in Lublin and IBB Andersia Hotel in Poznań, both enjoying the best results in terms of REVPAR and occupancy. IBBBHC operates as well two 4* hotels and two 3* hotels in Germany, as well as three hotels in Spain: one 5* hotel, one 4* hotel and one 3* hotel (more info about IBBHC: http://www.ibbhotels.com).

In the new hotel in Gdańsk, guests will have 90 rooms and comfortable apartments at their disposal located on five above-ground storeys. The hotel will offer business facilities such as free in-room internet and business corners with a computer/printer for a public use. The hotel will also be focused on touristic groups with a drive-in access for busses, being the only hotel in the area with such a convenience. The venue will also offer retail lease and exquisite boutiques.

The city of Gdańsk will offer unforgettable memories and numerous events like e.g. St. Dominic’s Fair that is held in Długi Targ Boulevard, it’s the oldest dated from the 13th century, the most famous, and one of the largest open air events in Europe that attracts about 6.5 mln guests to Gdańsk every summer.

‘Długi Targ’ Hotel Project will be the first development project of Von der Heyden Group in Gdańsk and the Group is actively observing the local market for further opportunities there.

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Von der Heyden Group Finance p.l.c. SUCCESSFUL PUBLIC OFFERING ON THE MALTA STOCK EXCHANGE

We are pleased  to announce the successful public offering, placement and listing of our € 25 million 4.4% unsecured bonds 2024 issued by Von der Heyden Group Finance p.l.c. guaranteed by TIMAN Investments Holdings Ltd.

The Bond is approved by the Listing Authority and trading on the Official List of the Malta Stock Exchange commenced on March 20, 2017.

Malta Stock Exchange CEO Simon Zammit welcomed the company to the fold and congratulated its Chairman Mr Sven von der Heyden and its Executive Director, Mr Robert Rottinghuis as well as Nick Calamatta of Calamatta Cuschieri on the achievement.

The Von der Heyden Group Chairman, Sven von der Heyden, said: ‘The placement and listing of a corporate bond issued by our fully owned subsidiary is a milestone for the Von der Heyden Group. We feel obliged and honoured at the same time to have more than 1.300 Bondholders and look with great expectations into the future. This placement will enhance our capability to reach our ambitious goals for the years to come.’

Von der Heyden Group Finance p.l.c. forms part of Von der Heyden Group (VDHG) which is a high quality niche player on the European Real Estate Market and has been successfully developing Class A Office buildings and Hotels in always top central and strategic locations in Germany, Poland and Spain. The Group is commonly known for its high-end finishes and quality, and at all times achieved record prices for its award winning projects, when sold.

With over 25 years sound experience and continuing presence on Europeanarkets, VDHG enjoys the trust of international financial institutions, funds and big market players, as well as embassies, governmental institutions and cities. Since 1989, a volume of investment of around Euro 350 million has been achieved in Poland, Germany and Spain. There are plans to invest further 175 million during the next 3 years, including equity and debt. New country of investment includes Malta.

VDHG Press Release-Trade of bonds-20-03-17

Symbolic laying of the foundation stone for the Bavaria Towers in Munich!

Festive event for a groundbreaking high-rise development: Symbolic laying of the foundation stone for the Bavaria Towers in Munich

  • Festivities attended by more than 200 guests and prominent representatives from politics
  • Futuristic “Martian” arrives with time capsule
  • Construction of the 4 highrise towers already in advanced stages
  • The 380 million Euro project is expected to be completed in the third quarter of 2018

Munich, June 22, 2017 – Tomorrow starts today! The festive laying of the foundation stone for the Bavaria Towers in the eastern part of the capital city of Bavaria marked the beginning of one of the most spectacular developments in the recent history of Munich. Three office towers and a hotel tower will redefine the skyline of Munich and make an impressive visual statement on the main access to the district of Bogenhausen. The festive event was attended by Munich‘s Deputy Mayor Josef Schmid as well as the Head of the Urban Planning and Construction Authority, Prof. Dr. Elisabeth Merk, the architects and others involved in the project alongside the 200 guests from both business and public administration. They accepted the invitation by developer Bayern Projekt and its investment partners Von der Heyden Group und Zurich Group Germany. The symbolic foundation stone was placed in the center of the development among the well progressed highrise towers, in order to ensure its visibility for future occupiers and visitors. The White Tower will be leased by the new premium hotel Hyperion and has already been completed up to the 14th floor. The highlight of the event was the „landing“ of a „Martian“, who handed over a time capsule holding plans, daily newspapers and coins to be immured into the foundation stone. Sven Renz, Managing Director of Bayern Projekt GmbH during the ceremony: „As strong as the State of Bavaria, as pioneering as our capital city Munich – the Bavaria Towers will make an important contribution to shaping the new face of Munich and the entire precinct around the eastern gateway to our beautiful city. This important contribution to contemporary urban planning was always a top priority on our agenda and it is the reason why we created an architectural highlight that will make the residents of Munich proud of their city and at the same time will make the quality and standards of tomorrow available to be enjoyed by its occupiers today – in keeping with our motto ‚Tomorrow starts today‘.“

The laying of the foundation stone kickstarts one of Munich‘s most important development projects. The 380 million Euro development at the corner of Einsteinstraße and Prinzregentenstraße is the first highrise development project to have received planning permission in Munich for many years, and only because it does not impact on the city‘s visual axis. The urban significance of the site necessitated many years of development planning with the city administration as well as an architecture tender, which saw the project being awarded to the Nieto Sobejano Arquitectos team of architects. They designed four towers with a pentagonal building shape, which will raise the benchmark in the eastern city fringe to building heights of 46 to 84 metres.

White tower leased by Hyperion Hotel
Three office towers with a total floorspace of 62,000 sqm tenanted areas and a hotel tower leased by H-Hotels‘ new premium brand Hyperion to open in October 2018. The hotel occupies the 54 metre high White Tower and will become one of Munich‘s premier destinations for business travellers – the hotel scores with its direct proximity to the Munich exhibition centre. Services geared towards business travellers, such as valet parking, business lounges featuring dedicated check-in and concierge services are among the many highlights offered by this new hotel with its 345 guest rooms. The central (neighbourhood) square will be located between the towers and bestow the entire precinct with a welcoming campus flair boasting inviting facilities and services. The profile of Munich‘s new architectural highlights is complemented by 960 car spaces in two underground car parks, office space starting at 250 sqm to accommodate single offices or open plan layouts as well as a pioneering sustainability concept. The towers will hold the prestigious LEED Gold or DGNB Gold sustainability certifications.

Construction works progressing well
The construction works at the high-profile project are on track. Sven Renz: „We will complete the building shells for all four towers before the end of the year. Completion of the entire project is currently planned for the third quarter of 2018.“ The biggest progress has so far been made at the White Tower, with 14 of its 15 floors already completed. 8 out of a total 20 floors have been completed in the 84 metre high Sky Tower, while the Blue Tower has 12 out of 18 completed and the Star Tower 6 out of its total 9. Installation of the facade has already commenced for the lower parts of the White Tower.

Successful marketing campaign
Promising negotiations with prospective tenants interested in the prestigious office spaces at the gateway to Bogenhausen are currently underway. The attractive White Tower with its long lease to tenant H-Hotels AG has already been acquired by Swiss Life Asset Managers in the context of a forward deal. Sven Renz: „There‘s an extraordinary level of interest from prospective tenants for all available spaces and types of floor plans – from single floors to inquiries from large corporations concerning expansive accommodation for their new headquarter offices. We are not ready to disclose any names just yet, but expect to present reputable and renowned tenants in the next few months.“

The project is the brainchild of development company Bayern Projekt GmbH, who have teamed up with the investment partners Von der Heyden Group and Zurich Group Germany to bring this exciting new development to life.

Facts & Figures

Sky Tower
Height: 83,60 m
Number of floors: 20
Gross floorspace: 26.246 sqm
Roof terraces: 2. and 19. upper floors
Underground car park spaces: 380
Certification: DGNB-Gold
Owner: Zurich Insurance plc.

Star Tower
Height: 46,10 m
Number of floors: 9
Gross floorspace: 11.908 sqm
Roof terraces: 2. and 8. upper floors
Underground car park spaces: 140
Certification: DGNB-Gold
Owner: Zurich Insurance plc.

Blue Tower
Height: 72,30 m
Number of floors: 18
Gross floorspace: 24.347 sqm
Roof terraces: 2. upper floor
Underground car park spaces: 300
Certification: LEED-Gold
Owner: Bogenhausener Tor Immobilien GmbH

White Tower
Leased by Hyperion Hotel
Height: 53,60 m
Number of floors: 15
Gross floorspace: 15.150 sqm
Roof terraces: 2. and 8. upper floors
Underground car park spaces: 140
Certification: LEED-Gold
Owner: Swiss Life Asset Managers

Bavaria Towers Ground Breaking – Press Release EN – 22 06 2017

Von der Heyden Group welcomes on board Mr Luke Coppini!

We are pleased to announce that Mr Luke Coppini has joined the Von der Heyden Group as Group Chief Financial Officer and will be appointed as a management board member of TIMAN Investments Holdings Ltd. as of the 18th of September 2017.

Luke Coppini has gained vast experience in the field of finance during the last more than 30 years of his professional career serving the last 5 years as CEO of MIDI plc., a large Maltese public Real Estate Development Company. Under Luke´s supervision as CEO, MIDI has successfully developed Q1 and Q2 residential towers as well as the T14 Office Building. Before being appointed CEO of MIDI plc., he held the position of CFO of the same company, where he had a significant role in the residential and commercial development at Tigne Point opposite of Valletta.

Prior to his time at MIDI, Luke Coppini worked at the Mizzi Organisation in executive positions.

In Von der Heyden Group, Luke Coppini will be ultimately responsible for the Group’s Financing and Financial Reporting, which also includes IBB Hotel Collection.

Mr Javier Errejón Sainz de la Maza will be promoted to Senior Executive Director and will be responsible for Strategy, Investment and Controlling for the entire Group and will remain at the same time an executive board member of TIMAN Investments Holdings Ltd.

On the new appointment, Mr Sven von der Heyden, Chairman of Von der Heyden Group said: ‘We are very pleased to have Luke in our team, who compliments our profile perfectly. During the last 3 years I got to know Luke as a calm and level headed professional with lots of experience in Real Estate Development, which still remains our core business.’

He went on further to thank Javier Errejón Sainz de la Maza for his loyal and hard-working support during the last 11 years also in challenging times: ‘Javier and I spearheaded the Von der Heyden Group for more than 10 years together now and have weathered many storms but also celebrated great successes together. I am happy that Javier is promoted to take on Investment, Strategy and Investment Control of the entire Group.’

‘I am honoured to have been selected to form part of the executive team at Von der Heyden Group’, Mr Luke Coppini said, ‘I look forward to working in this young and dynamic group with a successful history and ambitious plans for the coming years.’

Von der Heyden Group are excited about our future, the recent 25 mln Euro bond issue on the Maltese stock exchange, which was subscribed by more than 1.300 local investors and a few institutions, has been a great support in helping Von der Heyden Group and IBB Hotel Collection to grow to spheres we have carefully analysed and prepared.

VDHG Press Release 7 07 2017

FIRST MAJOR LEASE: EGYM LEASES 6.000 SQM OF OFFICE SPACE IN THE BAVARIA TOWERS MUNICH

  • 10-year-lease agreement signed
  • High-tech company in the fitness and health business will occupy 4 floors in the Blue Tower
  • Developers currently in advanced talks to conclude further leases

A major lease has been signed for one of the most spectacular real estate projects in Munich. Bayern Projekt GmbH has concluded for the Bavaria Towers in the east of the regional capital, a long-term office lease agreement with eGym covering 6.000 sqm of office space.

The high-tech company in the fitness and health business will move its headquarters, after completion of the four-tower project end of 2018, to floors 1 to 4 of the Blue Tower belonging to investor Von der Heyden Group. The tenant has been advised by Igenus Immobilien and Bayern Projekt by Colliers International.

Sven Renz, Managing Director of the real estate developer Bayern Projekt says: ‘The Bavaria Towers are one of the most spectacular developments in recent years in Munich. With construction progressing we simultaneously see a strong demand for office space and it is with great pleasure that we can now announce the conclusion of this major lease with the innovative and successful eGym in line with our leasing strategy.’

Sven von der Heyden, Chairman of the Von der Heyden Group says: ‘We are delighted to welcome eGym to Bavaria Towers, after the successful complete lease-up of the White Tower to H-Hotels we are now starting to harvest the fruits after a 12-year long journey. My sincere thanks to all our consultants and in particular to Bayern Projekt.’

The conclusion of the lease comes on the back of other milestones surrounding the mega-project comprising a total of 62.000 sqm of office space in its three 46 to 84-meter office towers. For the 15.600 sqm hotel building White Tower the tenant H-Hotels recently announced that it will open Munich’s first Hyperion Hotel covering 15 floors. With the move of eGym, which through the digitalization of training facilities contributes to the optimal functioning of gyms for all user groups, the group of tenants is further expanding.

Currently Bayern Projekt is in advanced talks with various other large interested tenants. Markus Turrek, Executive Project Manager at Bayern Projekt: ‘We are convinced that in the next weeks to months further major leases can be announced.’

Bavaria Towers completed soon

The construction works on Munich’s new landmark project are progressing in line with expectations. The main construction of the buildings has been finalized and the finishes of the inner parts as well as the technical installations is in an advanced stage. Full completion of the project is expected for end of 2018. With the Bavaria Towers, one of the most important real estate developments of Munich in the last decade become a reality, that will redefine the eastern part of the city.

The 380 million Euro project at the crossroads of Einsteinstrasse and Prinzregentenstrasse is the first high-rise project in many years being developed in Munich. The initiator of the project is Bayern Projekt GmbH, which is realizing the project after more than 12 years of preparation time together with the investors Von der Heyden Group and Zurich Insurance Group Germany. The construction started two and a half years ago.

Press release – 24.04.2018

Cugo Gran Macina Grand Harbour in Malta officially opens!

IBB Hotel Collection, a subsidiary of Von der Heyden Group, an international recognised developer and investor in bespoke Hotel developments, on May 3, 2018 celebrated the opening of the legendary Macina as Cugó Gran Macina Grand Harbour. This signals the arrival of a new home for visitors seeking a new-world charm in one of Malta’s historical and walled cities, Senglea, which forms part of the famous three-cities opposite the capital of Valletta

The opening ceremony was held on the property’s rooftop event venue, The Sheer Bastion, which unfolds breath-taking views along with a sweep of history dating back to the 16th century and hosted many dignitaries from Malta and abroad, among others Malta’s honourable Prime Minister – Dr Joseph Muscat.

Built in 1554 by the Knights of St. John, Macina has been one of the Grand Harbour’s most renowned landmarks, deriving its name ‘Macina’ (originally ‘macchina’) from the large sheer crane structure, used to hoist masts and other heavy cargo, which was eventually dismantled during the British period in 1864.

The Cugó Gran Macina Grand Harbour has 21 rooms and each them has its own unique design, moulded according to the design of the bastion. The furniture is mostly modern, but there are some quirky additions – such as a basin with spectacular views overlooking the Grand Harbour.

Cugó Gran Macina is also the first member of Design Hotels in Malta – a select group of boutique and design-luxury driven hotels around the world and forms part of SPG´s worldwide loyalty program.

More information about the openning of Cugo Gran Macina Grand Harbour, please see with the kind courtesy of:

Malta’s 2nd Seabin to be installed in Historical 3 Cities Marina by 7 Private Companies

The Von der Heyden Group, Cugó Gran Macina Grand Harbour, Hammett’s Collection, The Grand Harbour Marina, Palumbo, Bradbury Yacht Concierge Services and S&D Yachts announced the installation of Malta’s 2nd Seabin in a press conference held at The Sheer Bastion today, Thursday 25th October.

The 7 private companies have collaborated with Strand Marine and e-NGO Żibel, a community dedicated to keeping Malta clean, in procuring this award winning device capable of filtering 25.000 Litres of seawater per hour and 1.5Kgs of floating debris per day including harmful microplastics up to 2mm small.

Chris Hammett, director of Hammett’s Collection said: “The 3 city marinas not only provide unparalleled scenery to an iconic landmark in Malta, it is part of the island’s cultural heritage that is enjoyed by locals and visitors from all over the world. Investing in this incredible holistic solution is another step forward in ensuring environmental sustainability’’.

The 3 Cities Marina Seabin is the second Seabin to be installed after the one at the Yacht Marina in Pieta and maintained with the help of the local Senglea Regatta Club.  The idea was developed in Australia with the help of crowdfunding.  Sea Bins have already made a huge difference to harbours in places such as Gibraltar, Singapore, Ireland, Italy and the UK.

Recruitment Day at ITS Luqa, Malta

Today, the Von der Heyden Group, IBB Hotel Collection, managing company for Cugó Gran Macina Grand Harbour and IBB Hammett’s Operations Ltd joined over 20 of some of Malta’s most pioneering hospitality companies in this year’s Industry – Student Meet Up held at the new Institute of Tourism Studies (ITS) in Luqa. Amongst the different reputable organisations, Cugo Gran Macina Grand Harbour was the only boutique hotel in the industry hosting 21 suites, offering unique and exciting opportunities in the field of hospitality. The Von der Heyden Group, IBB Hotel Collection, Cugo Gran Macina Grand Harbour and IBB Hammett’s Operations Ltd look forward to proceeding further with some of Malta’s most promising talent in the industry.