The Project Concept at Pendergardens is: 'Everything Surrounds You'. The concept that defines Pendergardens aims at achieving a modern and contemporary lifestyle based on the quality of open spaces, generous living spaces and the sheer convenience of living in this unique location, which is why 'everything surrounds you' here.
The luxury apartment blocks and the towers of the development are built around a beautiful, landscaped piazza of 2,000 square metres. The property enjoys an external swimming pool with surrounding deck area, a landscaped garden and pedestrian walkway on the east of the towers. Pendergardens has access to its interior for persons with special needs by having ramps placed at each entrance of every block.
Apart from the piazza, pool and gardens, a multi-storey underground car park complements the property development. So, too, will a large and convenient supermarket, gymnasium, spa and sun deck area.
- Commercial Space at Pender Gardens
While Pendergardens and The Exchange are part of the same development, The Exchange will not feature any residential property. Pendergardens will feature a limited amount of commercial property. They will consist of a wellness centre, a supermarket, a number of offices and a number of retail outlets. The top two levels will be exclusively dedicated to Pendergardens' residents. A further two floors will be allocated for the public with a separate entrance from each floor linked via a pedestrian and vehicular tunnel.
- 'Business unusual' at The Exchange
Next door to Pendergardens, The Exchange is the property's commercial arm that is being built to the highest standards within the landscaped estate, providing a healthy environment for both office personnel and visitors alike. The commercial area is easily accessible and centrally located in the St. Julian's district, offering state-of-the-art facilities targeted at high-growth business sectors looking for flexible, working environments.
Every Resident at Pendergardens Enjoys a Rewarding View. Many of the residential units will overlook the landscaped piazza. The higher-level apartments will enjoy panoramic views of Spinola, Balluta Bay and the landscape beyond. Greta Apap Bologna, a leading Maltese interior designer, has designed the interior of each apartment to maximise the space, light and comfort for every resident.
There are three main characteristics that distinguish Pendergardens from other major residential development projects in Malta. They are: location, value-for-money and property choice.
- Location: a residential zone that is totally car-free
Pendergardens provides for its residents a safe, quiet and tranquil environment within walking distance of both Spinola Bay and St. George's Bay and all the amenities in between. St. George's Bay is the location for Malta's main shopping and entertainment centre, and home to the majority of the island's 5-star hospitality service providers.
Pendergardens represents a value-for-money choice compared to the property market in Malta and other property developments on the islands. Buying inherent quality at an intelligent price is the real value by investing in the high quality standards of living and the quality of life at Pendergardens.
The choice of residential properties in the 8 apartment blocks and upper floors of the Towers at Pendergardens is varied and imaginatively designed. Your options include 1,2, and 3 bedroom apartments, duplex apartments and duplex penthouses. All units are spacious and bright with lots of natural Mediterranean light and good common areas. All these properties have terraces, balconies, ensuite facilities and laundry rooms that offer a functional, comfortable quality of life that is surrounded by a rich diversity of things to do and places to see.
Legal Requirements for Foreigners
EU citizens having resided in Malta for 5 years or more may buy property in Malta without a permit, while new EU citizens may buy one property or else a second property (other than their primary one) for the individual’s business or service in Malta. When a foreigner (both EU or Non-EU) purchases immovable property in a special designated area (SDA), no permit is necessary.
The Acquisition of Immovable Property (AIP) Permit is required when Maltese citizens as well as other EU citizens have not lived in the Maltese Islands for the last 5 consecutive and are buying a secondary residence such as a holiday home. The permit is granted typically within 2 months and can be applied for from the Inland Revenue Department in Floriana.
International natives (Non-EU) looking to buy immovable property in Malta require a permit.
Buy To Let at Pendergardens
Buy-to-let is a term used to describe the specific action of acquiring a property to let (rent) it out to other tenants. It is possible to buy-to-let at Pendergardens for both local residents as well as other EU and International (Non-EU) citizens, without a minimum number of property in the development as it is located in a special designated area (SDA). For more information about SDAs kindly click here.
For more detailed information click here and for the most recent update for the launch of Pendergardens Block 17 visit here.