Charles Xuereb

As Trident Park, owned and managed by Trident Estates plc, is expected to welcome its first tenants this September, prospects for the uptake of commercial property within the landmark building in the Central Business District are promising, with Trident Group having already secured over 40 per cent of occupancy by the end of financial year January 2021.

Charles Xuereb, CEO of Trident Group, said during the company’s Annual General Meeting that group revenues for the financial year are largely on par with the previous year, at €1.1 million, notwithstanding certain discounts extended to a number of tenants due to unforeseen realities caused by the COVID-19 pandemic.

“Following the pandemic, when many companies opted for a hybrid office-home model, two potential factors seem to be emerging: the need for less office space, matched by the need for better quality office space, both in terms of facilities and environment, and a lesser density per capita,” says the CEO.

“In the uncertain forthcoming months, as the economy recovers from the pandemic upset, our Trident Park development will be well-placed to meet the demands of the emerging paradigm − a ‘green’ environmentally-friendly campus office park, providing space, air, natural light and parking, with maximum flexibility in terms of individual configuration requirements,” Mr Xuereb added.

Trident Group is currently focused on finalising the €60 million project while continuing its drive to attract tenants to Trident Park, which so far includes a mix of foreign and local companies in the fields of corporate, legal, medical services, banking, fund management as well as a government entity.

Featured Image:

Bernard Polidano

Related

Eduardo Perez de Lema / LinkedIn

MAPFRE Middlesea plc appoints Eduardo Perez de Lema as new Non-Executive Director

26 February 2024
by Fabrizio Tabone

He replaces Jose Ramon Alegre, who resigned from the position at the start of 2024.

Mindfulness in the digital workplace shields employees from burnout, study finds

26 February 2024
by Fabrizio Tabone

The UK-based study highlights that businesses need to manage digital workplace hazards alongside other risks such as psychosocial and physical ...

Navigating online betting in Malta: A comprehensive guide

26 February 2024
by MaltaCEOs

There are a lot of different Malta betting sites out there, all offering users the chance to sign up and ...

Malta investment insights: GTG Managing Parter Ian Gauci

24 February 2024
by Robert Fenech

He provides his expert advise on the latest edition of Malta Invest, a global investment guide focusing on Malta as ...

Close Bitnami banner
Bitnami