VBL Group announced that it is leasing out another one of its properties in Strait Street, Valletta, to give way to the opening of a commercial outlet – a bar called ‘Mae West’.
The bar is situated in Strait Street’s ‘The Gut’ area.
The Group said that the newly regenerated unit is set to deliver substantial revenues, allowing VBL to continue recording strong financial results.
“The catering industry has taken a worldwide knock during the COVID-19 pandemic,” VBL Chairman Andrei Imbroll said.
“The launch of the Mae West is a true testament to the strength of the Valletta product and what VBL has managed to achieve with the regeneration of The Gut,” Dr Imbroll continued.
Mae West’s opening allows The Gut, located at the lower end of Strait Street, to continue to establish itself as Valletta’s nightlife district.
The newly opened bar promises to capture the essence of the 1930s, all whilst delivering a night out to remember.
“Strait Street is back maybe stronger than ever. It’s a super exciting time for The Gut,” VBL Head of Development Stephen Clough said.
“In the words of Mae West, ‘too much of a good thing can be wonderful’,” he concluded.
Corinthia growing with ‘clearer focus on efficiency,’ says CEO Simon Naudi
Chairman Alfred Pisani meanwhile said the group will increasingly focus on profitability with a focus on regular dividends.
Stakeholders back PN’s €12 million AI and space sector push but warn Malta must move beyond headlines
'The country has the potential to carve out specialised niches in the growing global market.'
CEO Luke Chetcuti celebrates continued growth across Hugo’s Group
Revenue for the year stood at €3.5 million, while equity strengthened to €29 million.
How CEOs and HR leaders can support employees through political tension
Maintaining a respectful, psychologically safe, and productive workplace during a highly polarised period
