Its reputation and sound financial standing enjoys the full support of both local and international financial institutions. The Tumas tradition lies in the fact that within the space of less than four decades, the Group bridged the gap between being a business start-up to a multi-facet organisation involved in a number of diverse business units. The Group has along the years diversified its operat
ions, and is today involved in five main business segments namely Corporate Management Services, Property Development & Management, Hospitality & Leisure, Transport and Gaming. The organisation led by its entrepreneurship skills holds on to its core values as a source of inspiration towards growth and diversification. The success of the group is attributed to a results-orientated management team and strong leadership. The Group’s turnover for 2011 was in excess of €112 million. As noted above the Group is a major player in property development and management and has been a pioneer in the development of state-of-the-art real estate establishments. The key achievement in the Group’s property portfolio is undoubtedly the magnificent, international award winning Portomaso marina, hotel, leisure, residential and office development. Taking off in the late 90s, Portomaso represents a unique multi million investment. At first, the project was heralded by many as too audacious and ambitious a move. We however, assessed that it was a timely and wise investment, our foresight has been proved right by events. Conceived as a lifestyle statement for those who take up residence in its apartments and offices, Portomaso has quickly become the most prestigious waterfront address in Malta. As a follow-up to Portomaso, the Group has embarked on another residential development in the Northern part of Malta. This was followed by an on-going development project in a joint venture between our group and the Gasan group in the south of the Island, therby spreading our standard setting hallmark. Property dealing remains one of the core activities of our Group as we hold one of the largest ‘land banks’ on the Island. Apart from the development of larger residential and leisure complexes, we are very active in purchasing, selling, leasing and developing commercial properties amongst which first class office space which besides the Portomaso Business Tower, are being developed. The Group also specialises in providing companies and organisations with custom-built property, on a turnkey basis, with a comprehensive service ranging from provision of design, processing of permits, construction, internal layout to handover. As the Group diversified, yet retaining its core competencies, it combined real estate with hospitality, entertainment and gaming. The Group has expanded into the leisure segment by owning and operating the first privately owned casino, and is today one of the largest single hotel owners in Malta. Tumas has positioned itself as a leader in the hospitality industry with close to 10% of the total beds in the four and five star category. Within these sectors, the Group has interests in the Hilton Hotel, the Dolmen Resort Hotel in Qawra, two land-based Casinos as well as e-gaming. We have also moved abroad with the opening up of theHilton Evian Les Bains, on lake Geneve. The Tumas Group prides itself of its association with Transport, being involved in land, sea and air transport services. The Group, through its executive jet air services and aircraft management operates a corporate jet service out of Malta. Our vehicle business initiated in the early 80’s has undertaken a new dimension as we have now joined forces with third parties to represent not only Kia but also Opel. The new JV company has also expanded its servicing activities. Another development has been in the bus and coach arena . We have imported the public transport buses and are also participating through a stake in the Arriva consortium which have entered into an agreement with Government to run the public transport for the next ten years. In 2006 the Group together with Portek a Singapore port operator acquired a 30 year concession agreement for the management of the Grand Harbour port terminals which extends into cargo operations, maritime logistics and the handling of cruise line passengers. The Tumas Group has shown it excels, exceeds expectations in the various areas it operates in. Our objective is to prudently and selectively take on other activities as we strive to consolidate growth both organically and by partnering suitable strategic stakeholders. While strategically managing risk, we tackle challenges and embrace opportunities in this fast changing and challenging economic environment. As an article in the Financial Times (of London) once put it, “there is no stopping the Tumas Group” – this motto persists.
