Western Marinas buys Marine & Property assets

UK: Newly formed company, Western Marinas, has acquired Cardiff Marina, the operating lease for Watchet Marina, and taken on a management contract for Aberystwyth Marina. The assets were previously under the management of The Marine & Property Group, which went into administration last year.

The company has been set up by a new management team and their funders with a mission to realise the potential of Cardiff, Aberystwyth and Watchet marinas, as well as Cardiff Marine Village and the associated Dredging Division.
Western Marinas claims that a significant amount of capital is available to ensure that much-needed investment can be made across the sites and has a clear mission to put the marinas back to where they belong as some of the leading facilities in Wales and the southwest.
Initial priorities include the return of fuel sales and full electrical refits, as well as dredging campaigns at Watchet and Aberystwyth in conjunction with the local harbour authorities.
Western Marinas chair, Andrew Cornish, says: “I have a passion for customer service and creating environments that everyone can be proud to be involved with, be they customers, colleagues, suppliers or just onlookers. I love the marine world and am a boat owner myself, albeit on the Thames right now. I look forward to meeting current and future customers, hearing thoughts and views, and working with the team to make Western Marinas somewhere we are all proud to be associated with.”