Salamanca Buys Barcelona Marina
Salamanca Capital Investments, the Mayfair based investment advisory business and part of the Salamanca Group, has announced the acquisition of Barcelona Marina, known locally as Marina Port Vell. The Marina was acquired from Global Via whose parent company, FCC, is one of Spain’s largest construction companies.
Salamanca will work with the Spanish Port Authority for their goal to turn the Marina into a pre-eminent superyacht base, with some berths catering for vessels of up to 185 m. Martin Bellamy, Group Chairman and CEO of Salamanca commented: “Barcelona is one of the world’s most exciting cities and Port Vell is at its heart. This is a unique opportunity to turn the Marina into Europe’s most exciting mega yacht destination and in doing so add to the vibrancy of the city.” Uri Nachoom, Executive Director of the Group, explains the Group´s strategy for the Marina; “Currently the Marina is home to some 400 boats. In due course, through design optimisation, this will include more than 45 super yachts of more than 50 m in length”.
The Group is also set to announce the launch of its Maritime Services Business that will further support Marina Port Vell and offer a wide range of marine related services globally. Bellamy added ‘Marina Port Vell fits well with the Groups focus on acquiring asset backed opportunities with significant value enhancement possibilities. Redevelopment of the Marina will commence in the autumn and will be complete by Mid 2011.