QLZH plc has announced the successful completion of its €12 million bond issue following the full subscription of the second tranche, which raised €5.2 million.
This follows the initial tranche of €6.8 million, completing the offer and reflecting solid investor confidence in the group’s strategy and performance.
Commenting on the completion of the bond issue, Steve Mercieca, Group CEO, said, “We are appreciative of the confidence shown by our bondholders. This outcome reflects the strength of our underlying business and our disciplined approach to growth.”
Use of bond proceeds
The bond proceeds will be used to finance the acquisition and development of real estate in Pembroke, Floriana, Valletta, and Bugibba.
These assets will be retained within the group’s property holding structure and managed as long-term rental investments, supporting stable and recurring income.
Mercieca added, “The bond enables us to advance opportunities already identified, while our core operations remain robust and self-sustaining.”
Asset growth and operational performance
Following the bond issue, QLZH PLC’s asset base is projected to grow from approximately €15 million at the end of 2025 to €23 million by the end of 2027, driven primarily by real estate investments aligned with the group’s long-term objectives.
As of the end of 2025, the group’s franchise brands, QuickLets and ZanziHomes, generated €12 million in brokerage fees through a network of 40 offices and over 700 agents across Malta and Gozo.
During the year, QLZH plc also incorporated Merci Developments, a subsidiary focused on residential development and resale.
Governance and outlook
The Board of Directors thanked investors for their continued trust and support and remains committed to strong governance and prudent financial management.
Looking ahead, QLZH PLC continues to focus on sustainable growth, value creation, and long-term stability for its stakeholders.
