Sliema is a town located on the northeast coast of Malta. It is a centre for shopping, restaurants and café life. Sliema is also a major commercial and residential area and houses several quality hotels. Common Area Maintenance Costs consist of: R&M to lifts, escalators, A/C ( M&E) Maintenance personnel Repairs, renewals & decoration Consumables Security all floors Cleaning all floors Insurance Offices are: Fully air-conditioned Served by lifts 2 Back-up generators Fire Detectors 24 hour security service – Security office on Level 4 CCTV cameras - common area On site management office Area: 289.42 s.m Rent: € 160 per s.m per year Common Area Maintenace: € 24.83 per s.m per year Location: Level 4 The above rates (Rent, Marketing and CAM) excludes 18% VAT and rent increases by 4% per annum. As regards electricity, charges are on a consumption basis, in arrears, applying Enemalta rates.