It has been a decade since we saw so many new construction projects around Gibraltar and that in itself demonstrates the confidence that property developers have in the local market, and love them or hate them, there can be no denying the sheer number of building cranes that once again dominate Gibraltar’s skyline are the clearest possible sign that our property market is flourishing.
On the residential side, some very prominent new developments were launched during the past year, such as Ocean Spa Plaza, Quay 29 and MidTown, and all have seen impressive off-plan sales figures, and likewise, we too have seen an identical pattern apply with smaller re-developments such as Plata Villa in the South District, Tarik Views and The Arches, both of which are in the upper town area.
In tandem with the resurgence of residential off-plan opportunities, the commercial sector has also gone through an impressive phase of growth as evidenced by the successful launches of Midtown and the soon to be completed World Trade Center.
As part of an association with over 330 locations in every continent, Gibraltar’s World Trade Center has attracted substantial interest since its unveiling to the public in 2011, and with completion scheduled for the latter part of this year, the vast majority of office space has either been sold or let, but there is still a small window of opportunity for companies seeking offices in this state-of-the-art building.
Likewise, Midtown has proven to be an attractive proposition for many companies seeking a centrally located modern business environment. Once completed, MidTown will comprise residential, corporate and commercial buildings and amenities across 4.3 acres in the very heart of Gibraltar and offer 18,000m² of premium office space with select restaurants, bars and eateries located on the ground floor, with a park, and gym only a minutes’ walk away.
For further information and the latest availability, please contact us in the strictest confidence.