Complex sentence: Palazzo Parisio was built in the early 18th century by Bishop Sceberras on the site of two former houses in Merchants Street, then known as Strada San Giacomo, Palazzo Parisio consists of three elements, each two storeys high, enclosing a central courtyard.
Split into simpler sentences: Palazzo Parisio was built in the early 18th century by Bishop Sceberras on the site of two former houses in Merchants Street, formerlynamed'Strada San Giacomo'. Presently Palazzo Parisio consists of three floors, each being two storeys high, enclosing a central courtyard.