Farsons’ Business Park was today approved unanimously by the Planning Authority following the submission of a master plan.
The €40 million development is earmarked to complement the rehabilitation of the Old Brewhouse that aims to restore and convert the industrial space.
It includes a Visitor Centre Experience with supporting food and other retail outlets, flexible workspace and additional amenities.
The project is planned for completion by the end of 2020. It was designed by Ian Ritchie Architects Limited, with the support of Malta-based engineers, TBA Periti, is to have over 18,000 square metres of offices.
Last month, the PA board had expressed a preliminary opinion against the development, which the company had taken as a rejection. Although the proposed development was not in accordance with planning policies, the Planning Directorate had recommended the project for approval as it was of the opinion that the proposed development could give additional value to the area.
But during the first public hearing, PA board members expressed concern that the proposal was not according to policy. Farsons has now submitted the masterplan and stated that no further development was being contemplated.