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Central Business Centres p.l.c.

Central Business Centres p.l.c. announced the first issuance of €13,250,000 5.7% Unsecured Callable Bonds maturing in 2035, with a nominal value of €100 per bond issued and redeemable at par. 

Central Business Centres p.l.c. (“Issuer”) was set up on 20 June 2014. 

The principal activity of the Issuer is to hold property for investment purposes and generate returns from this property through rental agreements. The Issuer’s aim is to develop the “Central Business Centre” brand. 

In recent years, the Issuer has purchased, developed and operated various business centres. As of the date of the Prospectus: 

  1. CBC Żebbuġ enjoys a 100% occupancy of available office space and car park facilities; 
  2. CBC Gudja enjoys a 100% occupancy of available office space and car park facilities; 
  3. CBC Mrieħel enjoys 33% occupancy of available office and car park facilities, with a further 23% contractually committed; 
  4. CBC St. Julian’s enjoys 90% occupancy of available office and car park facilities; 
  5. CBC Valletta-The Savoy enjoys 90% occupancy of the retail space currently available for rental, while the remaining areas are undergoing refurbishment. The occupied space represents 29% of the total area that will become available once the full project is completed. 
  6. Żebbuġ Commercial Centre enjoys a 100% occupancy of proposed areas and parking facilities. 

The Issuer operates exclusively in and from Malta. 

More info about this bond issue on this link.