North Wales marina is sold
Deganwy Marina in North Wales has been sold to Lakeland Leisure Estates for an undisclosed sum.
The marina on the Conwy Estuary has 165 berths and was awarded Five Gold Anchors by the Yacht Harbour Association in 2015.
It was formerly owned by The Crown Estate and leased to and managed by Quay Marinas.
“We are delighted to add Deganwy to our portfolio,” said Phill Morgan, Lakeland Leisure Estates chairman. “It has been developed to a high standard and offers superb sailing waters, which I have sailed myself over many years, along the North Wales coast.
“We look forward to working with the staff and boat owners in the future.”
Gary Thompson, coastal asset manager at The Crown Estate added: “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.”
Solent-based property advisers, Vail Williams, advised The Crown Estate on the sale of the freehold interest.
Lakeland Leisure Estates, based near Windermere, is owned by the Morgan family. The company owns and operates three inland marinas on the canal network and also has experience of running caravan parks.
Cooke & Arkwright and Jones Peckover acted for The Crown Estate.
The marina has 165 berths, with hard standing, car parking and toilets, showers and laundry facilities in the marina building.
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