JD Capital proposes changing Msida hotel project into retirement home

JD Capital plc has announced plans to change a hotel development in Msida into a retirement home.

JD Capital plc is the holding company of JSDGroup, a group with legacy in the design, manufacture, and installation of sustainable façade cladding, curtain wall systems and apertures using glass, aluminium, and steel. 

The company's board of directors said that it took a decision to change the project following a request by the board of directors of J&J Hotel Operations Limited, a wholly owned indirect subsidiary of the company.

The property in question is on Xatt tal-Imsida / Triq Clarence, Msida, and is currently under development as a hotel.

It said that J&J Hotel Operations Limited has submitted an application to the Planning Authority for the requisite permit for a retirement home to be issued instead.

The application (PA/05988/26) is for changes to the design and the provision of 71 bedrooms over 10 floors. The total site area is 839 sqm.

“For the avoidance of doubt, the existing development permits issued in respect of the Msida Property, which authorise the development of the property as a hotel, remain valid and in full force and effect,” the company said in its statement on the stock exchange. The hotel application had been approved by the Planning Authority towards  the end of 2022.

The company said that the property remains on track for completion in 2027. “The board of directors confirms that the proposed change of use does not impact the financial projections and forecasts," explaining that the projected capital expenditure for the project in 2026 remains unchanged.