INDIS Malta Ltd has launched an infrastructural investment programme carrying an investment exceeding €470 million with the aim of addressing not only the present shortages, but also the envisaged needs for the years to come, thereby future-proofing the industrial property solutions it can offer to prospective investors.
Previously known as Malta Industrial Parks Ltd (MIP), the company is responsible for the administration of Government-owned industrial estates and related facilities around the islands, as well as supporting and promoting their further development.
The change in name is part of a holistic reorganization and rebranding exercise that seeks to place the company in a better position to address its clients’ needs, whilst at the same time reflecting its evolving role – that of providing industrial innovative solutions, which was also the inspiration behind the new corporate identity.
“The infrastructural investment programme also goes in this direction; it goes beyond the facilities the company historically provided to also address the needs of new sectors and opportunities that are being attracted to Malta,” a spokesperson for the company says.
Some of the major projects forming part of the INDIS Malta’s programme include the expansion of the Malta Life Sciences Park to create additional space for the life sciences and other knowledge-intensive industries (photomontage pictured above); the regeneration of the former Luqa dump on the outskirts of the Marsa industrial estate; the upgrading of the Kordin Business Incubation Centre to facilitate the start-up phase for new businesses; as well as on various projects that will provide industrial space in multi-storey facilities.
The choice of projects was based on studies that looked into the type of industry currently based in Malta, what else is being attracted, the demand being anticipated for the coming years, and what type of properties are required, thereby addressing the long-term needs of the country and prospective investors.
“All have one common underlying principle: sustainability.”
Indeed, they seek to make a more efficient use of the space available, implement measures to improve energy efficiency and generate clean energy, as well as incorporate several green initiatives that will make them more welcoming to the people that spend long hours working there, as well as to the clients that visit them, recognizing the importance that the environment plays in our lives.
These will be further complemented by other services that will be introduced within certain industrial estates to further ameliorate their users’ experience, including through the development of administration buildings, childcare centres, health and fitness facilities, and parking areas, among others.
Main Image: