VBL Group

VBL Group has recently completed the acquisition of 100 per cent of the shares of Casa Rooms Ltd, a leading property management company on the island.

VBL Group is the largest private owner of Valletta real estate, with a portfolio that spans the hospitality and commercial sectors, as well as the leasing and selling of property and office space in the capital.

Andrei Imbroll, Chairman of VBL Group, shares the Group’s motive behind its latest acquisition, saying “the short-let accommodation market, over the last decade, has seen an extraordinary growth in market share. Professional and larger operations can ensure higher standards of service for both property owners and guests, whilst achieving elevated economies of scale.”

To this end, Dr Imbroll adds that the acquisition of Casa Rooms Ltd., “one of the largest property managers in Valletta, by VBL Plc, the largest property owner in the city, was a natural next step for the VBL Group.”

“This further consolidates our market leader position in the Capital city and will allow us to hit the ground running as the COVID restrictions continue to ease,” the Chairman adds. “Following the acquisition, we have assimilated Casa Rooms into our existing operation seamlessly. We found a great team of knowledgeable professionals which will add considerable value to the Group.”

On behalf of Casa Rooms, Founder and Board Member, Thomas Cremona, says “When I started Casa Rooms, the short-let market was in its infancy. We grew together with the industry internationally, also thanks to innovative tech companies like Airbnb, which was recently listed on the NASDAQ.”

“I felt that it was time to take Casa Rooms to new heights and VBL Group was the natural port of call to achieve this.”

Related

‘As leaders we need to understand how to change our relationship with change and uncertainty’

6 December 2022
by Bernice Camilleri

Pierre Mallia lists five 'laws' which help him stay calm and focused even when he feels a storm looming on ...

5 tips to party like a ‘proper’ boss this festive season

6 December 2022
by Bernice Camilleri

Should the boss attend the office party? The simple answer is yes, however there are ways and means to go ...

‘ITS will become a centre of excellence and innovation in tourism and hospitality’ – CEO

6 December 2022
by Bernice Camilleri

This year the institute recorded the highest number of graduates since it was founded 35 years ago.

Karl DeGiovanni promoted to Director of Client Solutions at Aon

6 December 2022
by Bernice Camilleri

He has been working at the company for nearly 15 years.

Close Bitnami banner
Bitnami