The Labour Party has settled some of its debts – which go back many years – through the sale of Australia Hall in St Andrew’s, The Sunday Times of Malta has learnt.
The deal, which was only possible after the new Labour government instructed the Lands Department to drop a court case against the party over 10,000 square metres of prime property in St Andrews, was reached last month and will also see the former Raffles disco – which 20 years ago was already worth €1 million – return to Labour.
The Sunday Times of Malta has obtained a copy of the deal reached last month between the Labour Party and Tamarac Ltd – owned by the proprietors of the furniture business Fino and Chris Gauci.
Read more in The Sunday Times of Malta or the e-paper.