Pendergardens CEO moves to Townsquare development

Townsquare Sliema has appointed Peter Diacono as CEO, who will lead the transformation of its site in the heart of Sliema into a quality mixed-use development once permits are in place.

Diacono will join Townsquare in January after serving in a similar role at Penderfardens in St Julian’s for 12 years, during which time he managed the project from its conceptual stage to practical completion.

He replaces Michael Soler, who has relinquished the position now that project preparations have reached an advanced stage, though Soler will remain on the Townsquare board as a non-executive director.

A spokesperson for Townsquare said: “We are delighted to have someone of Peter’s calibre on board as we enter a crucial stage in the realisation of our project. He will undoubtedly play an invaluable role in delivering our vision for Townsquare.”

Diacono, who also served as general manager for corporate services at Playmobil Malta Ltd between 1977 and 2006, said: “I am very much looking forward to being part of Townsquare’s exciting concept and working with the hugely talented professionals who have been engaged for this project. It promises to be one of Malta’s most outstanding developments.”

The Townsquare project, spread over a 12,000 sq.m site will comprise 159 apartments, retail outlets, offices and business centre, cafes and restaurants as well as ample underground parking.

Pendergardens COO Emmanuel Briffa will take over the responsibilities of Peter Diacono who steps down from his role as CEO as the project reaches practical completion.

The Pendergardens board thanked Diacono for his central role in steering the project right through to its fruition.

Last July the company announced the appointment of Ing. Emmanuel Briffa as COO, whose main focus would be running the future operation of the whole complex. Briffa brings with him 20 years of experience in facilities and project management at his previous role at the Malta International Airport, and a further four years in local and overseas major refurbishment and new large-scale development projects in his corporate position as Group Director of Engineering and Technical Services with the Corinthia Hotels.