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Tumas Group

Tumas Group

The Tumas Group has been described as Malta’s most enterprising and exciting entrepreneur in property development. When we started out under the helm of my father Tumas in the late 60s, with a small but growing portfolio of real estate, the first signs that the company, later to become the Tumas Group, was set to revolutionise the property business in Malta, as well as to act as pioneer for other sectors.

Within just four decades, we have achieved several firsts in our name. In the early 80s, we introduced the concept of timeshare to the Maltese Islands. We were also one of the first to introduce it to Cyprus. By purchasing and redeveloping under-used real estate, we breathed new life into Malta’s then inert tourism and property market. As our Group diversified, yet retained its core competencies, we have grown by providing a life style that combines real estate with hospitality, entertainment and leisure – the group is now one of the largest hotel owners on the Island. We have also expanded into other segments including the first Maltese owned Casinos, car retailing and we are the Islands’ first and, to date sole, operators of private executive jet services. This is in addition to a host of other activities in which the Group is involved. On the local financial scene, we were also one of the first private companies in Malta to issue bonds on the local investment market. The response was overwhelming. Our bond issue in mid-2002 closed within 36 hours of opening; a week ahead of schedule. Other bond issues followed, with the same remarkable success being heavily over-subscribed. This shows the respect and confidence generated by the Tumas brand, among the public. 

The key achievement in our property portfolio is undoubtedly the magnificent, international award winning Portomaso marina, hotel, leisure and residential development in Malta. Commencing in the late 90s, Portomaso represents a unique multi million investment. At first, the project was heralded by many as too audacious and ambitious a move. At the Tumas Group however, we assessed that it was a timely and wise investment. We had our finger very much on the pulse of where the property market should be heading, and we resolved to set new standards. Our foresight has been proved right by events. 

Portomaso does not merely represent the realisation of a dream. It is in fact the implementation of a planned phase in the life of the Group’s strategy of developing quality projects enhancing the future face of the country.

In 2006 we realised our first major overseas investment for the group by way of a 173 bedroom hotel property, inluding a first buddha bar spa completed in 2007, on Lake Geneva in Evian-Les-Bains, France. With Portomaso as a standard bearer, we are also considering other major projects. Sister projects for Portomaso are currently underway in the north and south of Malta.

Again, in 2006 together with strategic partners, we were awarded a long term concession for the management of cargo operations at one of Malta's two harbours.  This bodes well for the future as it is a landmark achievement for the Group as it involves itself in a project which lends a balance to our other traditional operations in real estate and hospitality.  We consider this milestone as a further step in a planned diversification bid which will bring further opportunities and challenges.

Tumas Group is an experienced partner with a proven track record capable of executing macro-development projects and achieving excellent results. We have also managed to establish a solid reputation as a professional partner to various international names and thus attain the support of other stakeholders both locally and overseas.

Over the years we have generated a major contribution to the national economy by delivering a significant multiplier effect to the local scene. In our opinion, we also managed to demonstrate to international investors the potential of Malta as a fantastic tax-efficient location from where to do business and to locate oneself.

It may take boldness and foresight to initiate a project, but it takes experience and perseverance to ensure it succeeds. This is now an integral part of our ethos.

Our objective is to prudently and selectively grow further both locally and abroad. As a Group we shall continue to asses other projects and by partnering suitable strategic stakeholders and managing risk, we shall tackle the challenges and embrace the opportunities in this fast changing economic environment.

As an article in the Financial Times (of London) once famously put it “there is no stopping the Tumas Group”.

Although this may overstate our strategy, it describes very well the Group’s reputation as regards enterprise, innovation and achievement.

 
News:

Camilleri and Cuschieri have been chosen as the MEP Consultants for the New Island Hotels Tourist Complex at Hal Ferh, Ghajn Tuffieha - C&C Consulting Engineers have completed in the name of their Clients, Bank of Valletta Limited, the first part of a larger project of installing Photovoltaic Panels  - 

C&C Engineers win a Green Award for their MEP design Of Golden Sands Resort and Spa - Camilleri and Cuschieri win Tender for Design of PV Systems and Intelligent lighting systems for the Private Schools Association - 

Professor Joseph Mifsud, Ing. Carmel Cuschieri of Camilleri and Cuschieri Consulting Engineers and Hoter Ltd were the proud winners of the 11th edition of the Malta Engineering Excellence Awards (MEEA) 2012 - 

Camilleri and Cuschieri Consulting Engineers were responsible for the design and supervision of all of the MEP works associated with the project including the Electrical, Mechanical and Plant for the Lifts as well as for the refurbishment of the Lascaris Ditch.  - 

This was not just another project done by C&C as designing services for radio and television studios is a rare and unique opportunity especially when this is done for the number one radio and TV station on the Island.  - 

The first 2013 activity for Camilleri and Cuschieri staff was held on the 2nd February. We went to the Badger raceway to challenge each other in a Badger Karting race. - 

The University inaugurated an €8 million state-of-the-art IT Services building, Rector Juanito Camilleri – an IT expert and a prime campaigner for added funds for the University – said this investment would not have materialised if EU funds had not been made available by the Government. - 

The new state-of-the-art building of the Faculty of Information and Communication Technology was made possible through European Regional Development Fund and Government of Malta funding, amounting to around €17 million. The aim behind the building is to provide the University of Malta with a Faculty of ICT geared for excellent grade education and for interacting with national and international ICT players, on both academic and industrial levels, and from both research and collaborative perspectives. - 

And here we go… it is time for another activity… - The University of Malta have just completed the refurbishment of the lighting and HVAC systems of the library. With the new extended opening hours these systems play a very important part in the overall building efficiency and hence its running costs. C & C were tasked with this refurbishment and the objective was to optimise the design to reduce running costs.  - 

Summer is here and also the first heat wave so we decided to have an indoor activity this time to stay in an air-conditioned environment.  - Earlier during the year, the air conditioning strategy of the property was reviewed and decision had been reached to replace the aging R22 chillers. A number of options using VRF units, Chillers, DX units or a combination of systems were being considered.  - 

The new building for the University's Faculty of ICT was recently inaugurated - December is here and everyone starts feeling the festive fever coming. - 

The University of Malta have just completed the refurbishment of the air conditioning installation for the Faulty of Engineering.  - Visit to MP3-Italia stand at the Mostra Convegno EXPOCOMFORT 2014 in Milan - 

The University of Malta has just opened its new Home Economics Lab at the Junior College campus. C & C were entrusted with the holistic design of the lab including both the MEP installations as well as furniture and appliances. The overall layout was jointly established with the Home Economics Department at the Junior College as well as the UOM Estates and Works Department. - 

Over the summer period, Radisson BLU St Julian's embarked on a project to change their aging R22 water cooled chillers to R410 air cooled heat pumps.  - 

CSL is a Systems Integrator in Malta specializing in the following:  -