Government helps PL in talks on Pembroke properties development

The Government has intervened to reopen negotiations between the Labour Party and a private company over a multi-million euro property in St Andrew’s/Pembroke. The Government’s decision to withdraw the case instituted by the Land Department against Labour in 2010 in connection with Australia Hall may lead to a breakthrough in ongoing negotiations with the buyers. Labour had signed two promise of sale agreements over the  property in 1995 and 1997 with Tamarac Ltd – a company owned by the Fino Group and Chris Gauci of Big Ben – for the sum of €1.5 million. The value of the property has now more than tripled. Full story in The Sunday Times and the e-paper on timesofmalta.com Pemium.