The deal for the superyacht marina follows a multi-million-euro funding deal with NatWest and Lombard Asset Finance.
The funding package has enabled Pendennis to take a controlling stake in Vilanova and purchase an adjacent site. This site will provide a new 12,000-m2 servicing facility alongside the marina, which includes a 640-tonne haul capability, offering valuable technical support to the Mediterranean superyacht set.
Toby Allies, joint managing director at Pendennis, said, “Acquiring Vilanova Grand Marina is a real strategic coup for the business, helping us bolster our presence in the Mediterranean, a key region in the superyacht industry.
“Our primary refit offering will remain in Falmouth [UK] but this strategic acquisition positions the business perfectly for further growth. It’s a hugely significant step for the business and a very exciting time for both ourselves and our clients.”
Source: Business Cornwall