The QLZH Group, best known for its real estate brands QuickLets and Zanzi Homes, has completed a second bond issue to fund its growing ambitions in property development.

The group has successfully raised €5.2 million through the second tranche of a bond issue with an overall value of €12 million.

The first tranche was fully subscribed earlies in the year, with Co-Founders Steve and Michael Mercieca ringing the bell at the Malta Stock Exchange to mark QLZH’s first listing.

At the time, Steve, the CEO, described the process as "transformative": “It pushed us to adopt higher governance standards, formalise structures, and streamline reporting across the group.”

The latest tranche carries a coupon rate of 5.5 per cent, with the first interest payment due on 22nd July 2026. It was entirely allocated to Authorised Intermediaries.

The funds raised will largely be used to finance the acquisition and completion of two development projects.

Around €2.9 million will be used to acquire and finish four short-let rental properties in Valletta, consisting of a maisonette, two apartments and a penthouse situated on Old Theatre Street and St Ursula Street.

Approximately €1.7 million will go towards the acquisition and development of a guesthouse with 12 rooms across four floors in Floriana’s Gunlayer Street.

Planning approval for both the Valletta and Floriana projects was obtained by the sites' previous owners. 

QLZH Group’s directors thanked the investing public, the Authorised Intermediaries and the company’s advisors for their support and confidence.