PG Group’s subsidiary DB Gauci Shopping Mall Ltd has secured a long-term lease for the new St George’s Mall in St George’s Bay. The mall and car park will be leased to DB Gauci Shopping Mall Ltd, with PG holding a 60 per cent majority stake and db owning the remaining 40 per cent.
The lease is being made by title of sub-emphyteusis for 103 years, as specified in the original deed signed between db and the Government. This latest venture from PG Group will be significantly larger than its existing shopping complex, PAMA in Mosta.
An official opening date has yet to be announced, but it’s expected to open in the coming weeks. The mall will feature several retail stores, restaurants, and food outlets, as well as a PAVI-PAMA supermarket.
This new development marks a significant expansion for PG Group, which operates PAVI in Qormi and PAMA in Mosta, among other fashion franchises.
PG Group’s experience in managing large-scale shopping complexes will likely be crucial in the success of St George’s Mall. With its prime location and extensive facilities, this new mall is poised to become a major destination for shoppers on the island.
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