Central Business Centres (CBC) said it expects a “substantial” increase in rental income once refurbishment of its central Valletta property concludes.
CBC owns Central Business Centre Valletta, located right above the SPAR and retail outlets at the former Savoy shopping arcade in Republic Street.
As of the end of 2025, the business centre was operating at only 46 per cent capacity.
However, CBC said in its annual financial report that intensive refurbishment of the property will be in its finishing stages sometime this year, resulting in an expected “substantial” increase in rental income.
CBC registered a pre-tax profit of €1.8 million in the financial year ending 31st December 2025, down from €6.6 million in 2024. Its post-tax profit stood at €966,312, down from €3.5 million.
However, during the year, it also redeemed the 2014 €3 million bond that was due in December.
It also acquired new properties as well as a commercial property in Ġużè Duca Street, Qormi to further consolidate its asset base. This led to an estimated €1.3 million increase in the value of its property investments, to reach a total of €82.7 million.
With focus on extensive refurbishment of its Valletta property, the Qormi property renovation, the continued upgrade of its Mrieħel business centre, and the takeover of CBC Żebbuġ Commercial Centre from LIDL following the closure of a dispute with the supermarket chain, CBC isn’t planning any changes in its operating activities this year.
