Pendergardens is a

development Development or developing may refer to: Arts *Development hell, when a project is stuck in development *Filmmaking, development phase, including finance and budgeting *Development (music), the process thematic material is reshaped *Photographi ...

in St. Julian's,

Malta Malta ( , , ), officially the Republic of Malta ( mt, Repubblika ta' Malta ), is an island country in the Mediterranean Sea. It consists of an archipelago, between Italy and Libya, and is often considered a part of Southern Europe. It lies ...

, consisting of a number of apartments, retail outlets and office space.

Planning and construction

In 2005, a consortium of investors formed Pender Ville Ltd to acquire and develop the Pender Place and Mercury House sites in St. Julian's. of the Pender Place site were sold to a related company in 2008, and part of the Mercury House site was sold to FIMbank the following year. The remaining parts of Pender Place are new being developed into Pendergardens, while the Mercury House site is being developed into The Exchange. Pendergardens includes a residential development, while The Exchange focuses solely on commercial activity. Phase 1 of the development, which includes 150 residential apartments spread out over 6

low-rise A low-rise is a building that is only a few stories tall or any building that is shorter than a high-rise, though others include the classification of mid-rise. Definition Emporis defines a low-rise as "an enclosed structure below 35 metres 15 ...

blocks and an underlying car park, is now complete. Phase 2, which consists of two residential blocks, two towers and another car park, is currently under construction.

The Exchange

The Exchange is situated across the road from Pendergardens. It is a financial and business centre, housing the FIMbank Global Headquarters. Excluding FIMbank, The Exchange includes of office space in two towers and of managed, mixed, retail and leisure outlets fronting a large public piazza.

References

External links

*
Article in ''The Business Observer''
Buildings and structures under construction in Malta St. Julian's, Malta {{Malta-struct-stub