Malita Investments p.l.c. is a Maltese public limited liability company registered under company number C 53047. It was incorporated on 3 June 2011 and has its registered office in Żebbuġ, Malta.3 The company’s stated registered office has also been listed at Clock Tower, Tigné Point, Sliema, in company documents and annual reports.11 For this profile, Żebbuġ is treated as the primary registered-office location because it is the most recent company-structure listing.3
The company is controlled by the Government of Malta and is governed by a board whose composition includes government-appointed and public-shareholder-appointed directors.89 Recent company materials identify Marlene Mizzi as chairperson, alongside non-executive directors David Mallia, Robert Suban, Miguel Borg, Victor Carachi, Tania Brown and Desirée Cassar.12
Malita Investments operates in Malta, with activities focused on investment and the development and management of public-interest assets. Its housing activity centres on an affordable social-housing project developed on land acquired from the Maltese Government.1 The project is planned to deliver approximately 768 apartments, 514 lock-up garages and 161 parking spaces.1
On 28 June 2017, Malita entered into credit-facility agreements with the European Investment Bank and the Council of Europe Development Bank to finance affordable-housing construction in Malta.1 The facilities total €53.7 million and have a 25-year term.1 The company plans to appoint contractors through EU-wide open tenders, then lease completed apartments directly to people holding Housing Authority certificates, with Housing Authority subsidies paid to the company.1 Its geographic scope is therefore national, focused on Malta rather than a network of international offices or projects.