Paceville Project

Paceville Project

What and where is the project?

PX Lettings’ proposal is to build an iconic 33-storey tower in the centre of Paceville comprising of serviced apartments, a business centre, food and beverage facilities and car parking.

Who is behind the project?

The sole owner is PX Lettings, an investment and property company founded by Maltese entrepreneur Paul Xuereb and which today benefits from the involvement of his children Matthew and Celine.

How big is the site?

PX’s site is 3,400 square metres but only approximately one-third of this area will be occupied by the building. The remainder will be open space and feature a large plaza accessible to the public.

Why go for high-rise?

PX could have applied for a lower level, higher density development (conventional), but opted in favour of a tall building to create more open space in an area that already has many high-density developments. The development area of the building will not be larger than the alternative higher density option.

Will the building be just another tower block?

Not at all. PX has commissioned top international architects 7478 – based in The Netherlands and with a strong track record in acclaimed projects such as Fondazzione Prada in Milan – and Maltese architect Christian Spiteri.

They have designed an iconic and innovative structure based on a pure architecture concept featuring slick contours but avoiding a double skin façade and excessive windows. The property also includes a number of energy-saving features. PX intends to apply for Gold Lead Certified Building status once the project is complete.

Will properties within the project be offered for sale?

It is the intention of PX Lettings to retain ownership of the entire development and take care of its management to ensure the highest possible standards.

When will the project be completed?

Subject to planning permission, PX intends to start excavation in autumn 2021 and is set to be completed within 3.5 years from the first pour of concrete.

What precautions is the investor taking to minimise inconvenience?

  1. Excavation will be done by modern scarifying equipment instead of traditional hammer breakers. This will reduce noise, vibrations, and dust.
  2. A highly qualified project management team will be employed to ensure quality and efficiency thereby mitigating any inconvenience.

Where can I find out more?

You can contact us on info@pxlettings.com