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:  28 s.m Rent:  € 500 per s.m per year Common Area Maintenace:  € 69 per s.m per year Location: Level 2   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.  Sliema is a town located on the northeast coast of Malta. It is a centre for shopping, restaurants and café life. Tas-Sliema is also a major commercial and residential area and houses several quality hotels. Tas-Sliema, which means ‘peace, comfort’, was once a quiet fishing village on the peninsula across Marsamxett Harbour from Valletta. Now Tas-Sliema and the coastline up to neighbouring St. Julian’s constitutes Malta’s main coastal resort; as a result