Marina Port Vell has been acquired by Salamanca Capital for around £50 million.
Barcelona’s marina, Marina Port Vell, has been acquired by Salamanca Capital for around £50 million.
Real estate and mining-focused Salamanca acquired the marina from Madrid-based investment company Global Via, which is owned by the Spanish construction company FCC.
Martin Bellamy, group chairman and CEO of Salamanca says: ‘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.’
Salamanca plans to expand the capacity of the marina focussing on accommodating super yachts over 50 meters in length. The company is also planning to launch a maritime services business. Redevelopment of the Marina is scheduled to commence in the autumn and be completed by mid 2011.
Global Via is based in Madrid and has offices in the US, Mexico, Chile and Ireland. The company was formed in 2007 and currently employs 221 staff. Global Visa invests in infrastructure companies such as railways, ports and highways. In 2008 the company declared an operating loss of €21 million (£17.5 million) on a net turnover of €51.3 million.
FCC is currently in the process of disposing of a number of non-core assets.
London-based Salamanca Capital Investments is part of the Salamanca Group. Founded in 2001 the Salamanca Group currently operates in 12 countries and has €1.8 billion in invested assets.
