Friday, July 12, 2024
HomeNewsPort Dinorwic Marina sold by administrators

Port Dinorwic Marina sold by administrators

Port Dinorwic Marina in Gwynedd, Wales, has been sold.

The marina, which had been in administration, has been sold to The Waterside Consortium, a newly formed company of local investors.

The marina was previously operated by The Marine and Property Group with the administration handled by Azets.

“Whilst Port Dinorwic Marina has had its challenges in recent years, its sale out of administration to a new owner / operator will enable the necessary investment to create a thriving marina that staff, berth holders and local community can be proud of,” said Simon Monks, restructuring partner at Azets and joint administrator. “I wish the new owners every success in operating the marina going forward.”

The Port Dinorwic Marina is Grade II listed and dates back to 1763.

The marina operates a freehold site area of more than nine acres, provides 180 berths and offers year-round cruising in the Menai Strait, which separates North Wales and Anglesey.

The sale was handled by leisure property adviser Christie & Co.

“Considerable interest in Port Dinorwic resulted in multiple offers for the business being received, a number from owners of holiday park businesses in and around the Northwest, as well as community-based investors, lifestyle buyers and multi-site marina operators,” said Jon Patrick, head of leisure and development at Christie & Co.

“We have seen a marked increase in marina and marine related advisory work throughout 2023, with further new marina instructions already confirmed in Q1 2024.”


Most Popular

error: Content is protected !!