Crashpad Pre-Opening Tour & Crowdfunding Launch – Founders’ Summary

On Thursday, the Crashpad crew hosted the long-awaited Pre-Opening and Campaign Launch event of Crashpad – Malta’s first large-scale indoor climbing gym, set to open early autumn 2025. The occasion brought together future customers, investors, partners and friends of the project for a guided tour of the under-construction venue in Triq il-Bankiera in the Central Business District, in Mriehel.

This was one of the first opportunities to showcase the scale of this project!

With a total area of 2000 m² and 1100 m² of climbing surface, Crashpad will serve as a new home for climbers in Malta and across Europe.

Thanks to climbing’s recent recognition as an Olympic sport and its growing popularity, the gym will not only nurture the next generation of athletes but also welcome the wider community interested in fitness, wellness, and active lifestyles.

Sean Cassar, widely regarded as one of Malta’s leading climber and an architect by profession, is overseeing the build. At the event he presented the 3D visualization of the climbing walls interior – [watch the video here if you still haven’t seen it].
David Attard, marketing professional and original founding member of the Malta Climbing Club, gave an in-depth walkthrough of the site and explained the future functions of the gym, including:
- 1100 m² of climbing surface including, caves, overhangs, top-outs, vertical, slab, circuit walls, Tension Board 2 and Moonboard, top-rope wall
- two ice baths and sauna
- quiet room, bookable for meetings
- fully equipped strength & conditioning area
- community chill-out area room
- healthy food café with separate entrance powered by 3rd Generation Cafe
- movement studio led by one of Malta’s most reputable names in Yoga (partnership announcement coming soon)
- three sports performance and physio therapy clinics (partnership announcement coming soon)

Financials

Crashpad is expected to reach operating profitability within 12 months of operation
Crashpad is currently valued at €2.27m and raising capital against a maximum of 22% stake
You can see more investment documents including the Key Investment Information Sheet for more detailed financial documents on Tokeportal

Balázs Borok, who moved to Malta three years ago partly for its natural climbing opportunities, drew on his banking background to develop the Crashpad financial model as CFO. At the event he presented the core numbers and addressed lively investor questions on topics such as:

the repayment schedule of the highly favorable investment loan;
allocation of crowdfunding proceeds, which will complete Phase I and lay the groundwork for future expansion (details to be announced in the next round);
contingency “Plan B” scenarios, involving potential private investors

We also discussed the exciting prospect of hosting international climbing competitions here in Malta, which would further boost the community and visibility of the sport.