Joseph Portelli to Acquire Fort Tigne From MIDI and Turn It Into Hotel

Joseph Portelli to acquire Fort Tigne from MIDI and turn it into hotel

Joseph Portelli is poised to take over Fort Tigne from MIDI, in a €2.5 million deal that would allow the mogul to convert the historic fort into a hotel.MIDI said in a statement to the market on Tuesday afternoon that it has entered into a promise of sale with Portelli’s firm J Portelli Projects Ltd.The...

Joseph Portelli Set To Take Over Fort Tigne Lease From MIDI

MIDI plc has signed a promise of sale agreement to transfer the lease of Fort Tigné to J. Portelli Projects Ltd, a company owned by developer Joseph Portelli, for a total consideration of €2.5 million. The agreement was signed on 16th December 2025 and the remaining period of the emphyteutic lease over the historic fort, which is located at Tigné Point, Sliema. The property includes Fort Tigné itself, its surrounding grounds and a designated bas…