6 years ago

2016 May June Marina World

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The magazine for the marina industry



Marina World HEAD OFFICE MAILING ADDRESS & SUBSCRIPTION ENQUIRIES Loud & Clear Publishing Ltd, School Farm, School Road, Terrington St. John, Cambridgeshire PE14 7SJ, UK Editor Carol Fulford T: +44 (0) 1945 881018 F: +44 (0) 1621 855 867 Email: Special Correspondent Charlotte Niemiec Email: Advertisement/Commercial Director Julia Hallam T: +44 (0) 1621 855 890 F: +44 (0) 1621 855 867 Email: Accounts Manager Magdalena Charman T: +44 (0) 1403 733678 Email: Advertisement Production Nick Hing T: +44 (0) 1323 490384 Email: NORTH AMERICAN OFFICE Publisher’s Representative Philippe Critot PO Box 29759, Los Angeles, CA 90029-0759, USA T: +1 323 660 5459 F: +1 323 660 6030 Email: FRENCH OFFICE Publisher’s Representative Catherine Métais PARIS RAI, 67 avenue André Morizet, 92100 Boulogne, France T: +33 1 46 10 47 50 F: +33 1 46 10 47 51 Email: ITALIAN OFFICE Advertisement Representative Ediconsult Internazionale srl piazza Fontane Marose 3, 16123 Genoa, Italy T: +39 010 583 684 F: +39 010 566 578 Email: CHINESE OFFICE Publisher’s Representative Simon Ding Bridge International Holding, Rm. 401, Building A, No. 55 Jinyu Road, Minhang District. 201103 Shanghai, China T: +86 21 33231328 F: +86 21 33231366 Email: Marina World (ISSN 1471-5856) is published bi-monthly by Loud & Clear Publishing Ltd, School Farm, School Road, Terrington St. John, Cambridgeshire PE14 7SJ, United Kingdom. The 2016 US annual subscription price is 0. Airfreight and mailing in the USA by agent named Air Business Ltd, c/o Worldnet Shipping Inc., 156-15 146 th Avenue, 2 nd Floor, Jamaica, NY 11434, USA. Periodicals postage paid in Jamaica NY 11431. US Postmaster: Please send address changes to MARINA WORLD, c/o Worldnet Shipping, Inc., 156-15, 146 th Avenue, 2 nd Floor, Jamaica, NY 11434, USA. Subscription records are maintained at Loud & Clear Publishing Ltd, School Farm, School Road, Terrington St. John, Cambridgeshire PE14 7SJ, United Kingdom. Air Business Ltd acts as Loud & Clear Publishing’s mailing agent. Marina World is available on subscription at the following cost: 1 year (6 issues) - £80.00 Sterling (0) 2 years (12 issues) - £140.00 Sterling (0) No part of this publication may be reproduced without the prior permission of Loud & Clear Publishing Ltd, the copyright owners. Upon application, permission may be freely granted to copy abstracts of articles on condition that a full reference to the source is given. Printed in the UK by Stephens & George © 2016 Loud & Clear Publishing Ltd Views expressed by individual contributors in this issue are not necessarily those of Loud & Clear Publishing Ltd. Equally, the inclusion of advertisements in this magazine does not constitute endorsement of the companies, products and services concerned by Loud & Clear Publishing Ltd. The publisher reserves the right to refuse advertising. Buy and sell FROM THE EDITOR Strong activity in the property market is often a good barometer of economic recovery, and a spate of marina sales and exciting new opportunities gives a fillip to the current market place. Hot news (see p.9) for top level investors is the for sale sign now hanging out for d’Albora Marinas; the largest marina group in Australia. The chance to buy an entire prestigious marina portfolio – seven sites in Victoria and NSW including three in Sydney Harbour – has created significant interest, according to McVay Real Estate, from both local and overseas enquirers. A buyer may well be found by the time you read this... In terms of marina portfolio building, US-based Safe Harbor Marinas, a new company whose directors have a wealth of marina owner and operator experience, is continuing to consolidate its new found place as the largest marina owner and operator in the USA. In this issue we report that the company, which officially launched in January this year, has acquired four coastal marinas between San Diego and San Francisco Bay in California (see p.15). As Marina World closed for press, a further bulletin was issued announcing the purchase of 650-slip Brady Mountain Resort and Marina near Hot Springs, Arkansas. In the UK inland market, Tingdene Marinas expanded its portfolio of marinas by purchasing a ninth site, Hartford Marina in Wyton, Cambridgeshire (see p.17) and Premier Marinas added Noss Marina near Dartmouth, Devon to its collection of eight prestigious South Coast marinas (see p.13). Premier Marinas was itself the subject of a buy-out nearly a year ago when the BlackRock UK Property Fund sold out to the Wellcome Trust. The sums involved were undisclosed but the asking price was reportedly in the region of £220 million. Although entire portfolios are rarely up for sale, there are always purchasing opportunities. Simply Marinas claims, in its most recent newsletter, to have brokered 35 marina site transactions over the past three years and currently has at least nine marinas and boatyards for sale in North America and the Caribbean. Examples on include Sailor’s Wharf Yacht Yard in St Petersburg, Florida – a development opportunity with a US million price tag – and Taylor Creek Marina in Fort Pierce, Florida at US million. Five marinas are currently listed on and four are under contract. Available facilities in Florida, Rhode Island and in the Caribbean vary from a 50-slip family-run concern at a little under US million to a US.5 million facility with 43 wet slips and a drystack for 215 boats. Whether buying or selling, there are brokers out there ready to help. Carol Fulford Editor - May/June 2016 5

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