Why invest in The Shoreline

Source: Guide Me magazine (01/10/2017)

A new landmark is set to be created at SmartCity in Kalkara. The Shoreline will comprise sophisticated living with more than 420 shoreline residences, all enjoying spectacular views, landscaped open spaces, and an assortment of community amenities. When speaking to Guide Me, Mr Ben Muscat, Chairman of Ricasoli Properties Ltd - a privately-funded entity developing this €200 million project – said that “as per our schedule of sales, The Shoreline’s phase I is already sold. We are now already receiving enquiries regarding phase II”.

The Shoreline is a mixed use development that breaks the mould for bespoke living in this emergent part of Malta, close to Valletta, the Three Cities and the airport. Even its corporate identity takes its inspiration from the calm waves of the sea that will cradle its doorstep, while reflecting the values and visions of Ricasoli Properties.  In this new city environment, owners and tenants can enjoy the convergence of three elements that define the development: live, work, and play.  The Shoreline will comprise sophisticated living and an assortment of community amenities, all within easy walking distance.

Mr Muscat explained that property at SmartCity is in an area of great potential enjoying a Specially Designated Area Status (SDA). As more and more individuals are realising this, every day we receive further enquiries. As Malta’s economy is being increasingly positively rated by leading rating agencies, property investors have adopted the principle of ‘buy great property, and wait”.

But what makes an apartment at The Shoreline an attractive prospect? Mr Steve Carter, Managing Director of Ricasoli Properties Ltd, explained that with most of its residences enjoying spectacular views, beautifully landscaped open spaces, and an assortment of community amenities, The Shoreline offers owners a unique and exciting experience of contemporary living in a new environment on an island that even has a brighter future. These residences propose an important and essential residential component to the current offices and other exciting developments happening at SmartCity in the next five years.

“In this scenario, investors prefer to buy on plan now as they are buying tomorrow’s property at today’s price,” explained Mr Carter. While Ricasoli Properties Ltd is doing its part in terms of offering comfortable payment plans, investors know that these apartments will benefit from strong capital appreciation.

The architectural challenge has been entrusted to EM Architects & Civil Engineers, led by architect Perit Edwin Mintoff.  Ricasoli Properties believes that EM has managed to achieve an exciting balance by creating a building that has a large frontage facing the sea, having large terraces on all levels including penthouse and upper and lower levels, and a vast residential garden that accommodates a health club, and a large swimming pool. The bottom part of the podium opens onto a series of public spaces that surround the SmartCity Laguna, and shall accommodate the top floor of the retail shopping mall, thus ensuring an active frontage onto the Laguna.

As the appointed interior architects, Carter Architectural Studio (CAS) led by architect Perit Claire Carter, are contributing their avant-garde vision to create interiors that respect the contemporary aspirations of owners and future tenants, by crafting a new style approach that embraces the project’s surroundings externally and embodies a sleek and modernist outlook internally.

For these and other reasons, including an underground car park and a shopping mall with over 30 outlets, The Shoreline is considered as the best property investment in this part of Malta that can further result in great re-sale value.