ACMUS plc has completed the second of three tranches of its €23 million bond issuance programme. Anticipating strong interest from investors, the company’s Executive Directors, siblings Cliona Muscat and Adrian Muscat, believe that the bond issue is the logical next step in the development of a company built on one of the richest legacies in Malta’s real estate sector.

Beyond financing four ambitious residential property developments, the bond issue represents the continuation of a growth story founded on trust, consistent delivery, and an ambitious yet grounded vision for Malta’s residential market.

Rooted in storied legacy

Incorporated in February 2025, Acmus is far from being the ‘new kid in town’ in Malta’s real estate sector. The company is built on GAP Group’s legacy of numerous successful projects and strong investor confidence while also bringing its own modern, design-driven approach to development.

The Acmus team seamlessly blends heritage and innovation for the benefit of residential property investors.

Island-wide track record

To date, Acmus has been the driving force behind an extensive spread of developments across nine localities in Malta, covering coastal areas in Malta’s north and south, as well as central urban developments. In each of those areas, Acmus has consistently delivered high-quality, fully finished apartments giving buyers peace of mind in their investment.

Gaining experience in a wide variety of locations and conditions across Malta has allowed the team to develop a deep understanding of the characteristics of the island’s different localities. As a result, the company’s developments stand out for their adaptability and reliable delivery.

A strong pipeline of standout properties

As the bond issue is allowing Acmus to prepare the development of four sites, work continues on a number of residential properties already under development.

Most notable, the company’s flagship project, The Elm in St Julian’s, looks set to redefine standards in high-end residential living in one of Malta’s most sought-after locations. Projects like these are proof of the long-term stability and solid market demand for quality property in the Maltese islands.

Why investors can have confidence

Acmus bonds allow investors to share in the growth of a strong brand with a reputation built on proven delivery and a clear vision for growth.

Beyond delivering outstanding properties, Acmus is committed to shaping Malta’s residential future while safeguarding trust.