Trident Estates p.l.c. has entered into a promise of sale agreement for its Marsa property, Trident House, in a deal valued at €29.25 million. The agreement, dated 27 October 2025, marks one of the most significant property transactions in the company’s recent history.

The agreement was signed with BBT p.l.c. and OS Developments Limited, two Maltese-registered entities, and covers a 13,593sqm complex located on Qormi Road, Marsa — a strategic site comprising offices, warehouses, parking areas, and undeveloped land. The property, previously known as ‘Wands,’ is currently leased to a tenant until 2026 and generates a net annual rental income of €335,579.

Under the agreement, the buyers paid €4 million upon signing, will make a further €1 million payment by 31 March 2026, and will settle the remaining €24.25 million upon signing of the final deed of sale. The agreement remains valid until 30 May 2028, though the purchasers may choose to finalise the transfer earlier.

Trident Estates stated that the sale proceeds are expected to be used strategically to strengthen the company’s financial position — including potential new property acquisitions, refinancing of existing debt, and general working capital. The company confirmed that once the final deed is executed, Trident House will be removed from its property portfolio and will cease to generate rental income.

The transaction underscores Trident Estates’ ongoing efforts to optimise its asset base and reallocate resources in line with its long-term investment strategy. The company, known for its redevelopment of the iconic Trident Park project in Mrieħel, continues to focus on sustainable real estate projects that blend heritage preservation with modern business needs.

The agreement was notarised by Dr Sam Abela and registered with the Inland Revenue Department.