Palazzo Lucia: A Historic Landmark Reimagined as a Prestigious Office Address
Sep 16, 2024AX Group is proud to announce the stunning transformation of Palazzo Lucia, an 18th-century Baroque palazzo in Valletta. Originally acquired in a state of neglect, this historic building has been restored into a prestigious office address, offering 1,248 square metres of luxury space that blends timeless elegance with the needs of the modern workplace. This €8,000,000 investment marks a significant milestone in AX Group’s portfolio, expanding and strengthening the company’s footprint in commercial real estate.
The acquisition and restoration of Palazzo Lucia is aligned with AX Group’s ongoing commitment to preserving Malta’s architectural heritage and to create high-quality assets that provide long-term value to our investors. The AX Development and AX Construction teams, led by Group Architect James Attard and Senior Design Architect Justin Coppini, along with independent architect Philip Micallef A.& C.E., have brought life into the building through the introduction of a private office concept. Original features, such as the intricate floral motifs scattered throughout the building, the timber coffered ceilings, original wrought iron work and the iconic curved balcony were meticulously restored. The rich architectural grammar of the Palazzo shines through the sensitive and well-studied interventions required to bring the building into the 21st century.
“Transforming buildings of cultural significance is a passion that drives us,” says Denise Xuereb, Director of Construction and Development at AX Group and CEO of AX Real Estate. “Our focus goes beyond just development; we are dedicated to creating high-quality projects that respect and enhance their surroundings. At AX Group, we believe in leaving a lasting legacy, not just through the buildings we restore but also by reintegrating them as vibrant parts of their communities. Palazzo Lucia is yet another milestone in our ongoing journey to blend the past with the present, ensuring these spaces continue to serve and inspire future generations.”
Now home to 18 fully serviced offices, the new tenants enjoy a comprehensive suite of amenities, including meeting areas, a boardroom with advanced video conferencing, and a stunning rooftop terrace with panoramic views over Valletta and the Grand Harbour. The central courtyard, enhanced with a panoramic lift and ventilated glass ceiling, allows natural light to flood the space, creating a bright, welcoming environment that seamlessly blends with the palazzo’s historic context.
Palazzo Lucia is yet another quality project by AX Group, demonstrating our commitment to respect and preserve Malta’s rich architectural legacy while addressing the needs of modern businesses, and maximizing investments through high-quality developments.
