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During the Great Siege of 1565, the Turkish privateer and Ottoman admiral Dragut ar-Rais stationed a number of cannons at Tigné Point in a siege to capture Fort St Elmo from the Knights of Malta. The extremity of the peninsula still bears his name, Dragut Point.
After the Great Siege of 1565, a chapel dedicated to Our Lady under various titles was built. This chapel replaced a niche that existed prior to the 1565 Great Siege. At the fringe end of the point is Fort Tigné, built in 1792 by the Knights of St. John, which has been restored as part of the redevelopment project. It became a centre of resistance and rebellion after Napoleon Bonaparte invaded the island in 1798 subsequently resulting in the destruction of the Marian chapel nearby.
During British rule, military barracks and a chapel dedicated to St. Luke, were constructed at Tigné. When the British forces left in 1979, the barracks fell into decay and neglect.
Construction began in 2002 and is expected to be completed circa 2012.
The real estate development includes a mix of modern luxurious apartments, hi-tech offices, an aparthotel, a shopping complex, a cinema, an underground multi-story car park, a football pitch, and other state of the art health and leisure amenities. The whole area will be completely pedestrianized.