Leisure Sector acquires Marina

EXPANDING LEISURE SECTOR OPERATOR ACQUIRES MARINA FROM THE CROWN ESTATE

Lakeland Leisure Estates Limited is pleased to announce the acquisition of the freehold interest in Deganwy Marina from the Crown Estate on 18th January 2018, adding the 4th Marina to its growing leisure portfolio.

Deganwy Marina is a modern, high quality marina and forms part of a prestigious development built in 2004 on the Conwy Estuary, in North Wales. The fully equipped marina offers 165 berths, with hard standing, car parking and toilets, showers and laundry facilities in the marina building. In June 2015 it was awarded a 5 Gold Anchor rating by the Yacht Harbour Association.

Whilst owned by The Crown Estate, Deganwy Marina has been leased to and managed by Quay Marinas Limited, a respected multiple marina operator. Upon the expiry of the lease on 31st March 2018, Lakeland Leisure Estates will assume responsibility for the management and operation of the business.

Marina

Lakeland Leisure Estates Limited, based near Windermere, is owned by the Morgan family. The company owns and operates three inland marinas on the canal network and has extensive experience of running caravan parks.  Chairman Phill Morgan commented “We are delighted to add Deganwy to our portfolio. It has been developed to a high standard and offers access to superb sailing waters, which I have sailed myself over many years, along the North Wales coast and Anglesey. We look forward to working with the staff and boat owners in the future."                

Nigel Wimpenny, recently appointed as Managing Director to help the family grow their business said “This is the first of a number of acquisitions we intend to make. I would like to thank HSBC’s Corporate Banking team in Manchester led by David Edwards for their support.”

Gary Thompson, Coastal Asset Manager at The Crown Estate said “As a business, we focus on sectors where we have the scale and expertise to deliver value. We are delighted to see the Lakeland Leisure Estate team take the Marina forward, ensuring the asset is managed by a specialist in the sector.”

MORE ABOUT LAKELAND LEISURE ESTATES LTD

Lakeland Leisure Estates Ltd is owned by the Morgan family who have 30 years' experience of developing and operating holiday parks. Based in Staveley, Cumbria the company currently owns caravan parks in the Yorkshire Dales and on the Costa del Sol in southern Spain, and inshore marinas on the canal network in Cheshire, Staffordshire and Gloucestershire. . For more information about Lakeland Leisure Estates, please visit their website at http://www.lakelandleisuregroup.com/

Event Date: 
Thursday, January 25, 2018

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