The Marine & Property Group Ltd has acquired Port Dinorwic Marina. DTM Legal, led by Head of Corporate and Commercial, Ed Barnes acted for The Marine & Property Group in the strategic acquisition which is the company’s most recent development in an ongoing programme of investment for the company.
Offering 180 berths, in the setting of Port Dinorwic, the marina is the latest addition to the company’s portfolio. The new relationship with The Marine Group, will see the marina benefit from their experience in marina development and management through a range of additional support and investment.
The Marine & Property Group Ltd has existing centres in Cardiff, Swansea and Aberystwyth. The company offers an integrated approach to boat owners with an established service offering including; 350 berths at Cardiff Marina; 165 berths at Aberystwyth Marina; 110 drystack spaces in Cardiff; Cardiff Marine Village marine business park; and boatyards in Cardiff and Swansea.
The addition of Port Dinorwic Marina, complements the company’s existing marina locations around the coastline of Wales, and will see the company extend their approach of offering complementary marine services to this new location. It provides an additional location for the continued growth and development of their boatyard services.
Drew McDonald, Director of The Marine & Property Group said: “We are delighted to welcome Port Dinorwic Marina to the company. We look forward to meeting berth holders and working with the existing team to further enhance the services and facilities available at the marina. We will be introducing a number of initiatives to Port Dinorwic Marina including our Refer a Friend promotion and a Visitor Exchange Programme between our marinas in Cardiff, Aberystwyth and Port Dinorwic.”
Christopher Odling-Smee, Director added “The business will, over the coming years, continue to complete marina acquisitions and we will use this to widen its offering to customers. We are pleased to welcome the staff and customers of Port Dinorwic to The Group”.
Ed Barnes said: “We are extremely pleased to have advised on this deal, which involved complex contractual and property arrangements. We look forward to the continued growth of The Marine & Property Group and working with them again in the future.”