Castle Marinas withdrawing from North Wales marina

11 July 2011 – Castle Marinas acquired Dinorwic marina at Y Felinheli, Gwynedd in North Wales in July 2010 under a ‘Management Agreement’ with an option to purchase the Freehold interest. Having reviewed their involvement over the first twelve months, Castle Marinas have decided to withdraw and concentrate on larger acquisitions elsewhere in the UK.

Sam Bourne, Operations Director of Castle Marinas Ltd, said, “Although we operate seven marinas, our head office team is relatively small. To make best use of our human resources, we have therefore decided it is better to concentrate on more substantial acquisitions; larger marinas being more in line with our corporate strategy.”

Castle Marinas own five inland and two coastal marinas which include Birdham Pool in Chichester Harbour and Royal Clarence at Gosport in Portsmouth Harbour.

For more information visit: http://www.castlemarinas.co.uk.

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Issued on behalf of Castle Marinas Ltd by Next Step Marketing Ltd

Media enquiries to: Heather Lambert

Tel:      44 (0)1256 472020                                            

Fax:    44 (0)1256 471010

Email: heather@nextstepmarketing.co.uk

Formed in 2006 with the aim to invest in, and operate, marinas throughout the UK and Europe, Castle Marinas Ltd has now acquired seven marinas – two coastal and five inland. The Group’s portfolio currently comprises the coastal marinas of Birdham Pool in Chichester harbour and Royal Clarence Marina at Gosport in Portsmouth harbour. The five inland marinas are Kings Bromley in Staffordshire, Ventnor Farm and Wigrams Turn in Warwickshire, Buckden in Cambridgeshire and finally, Nottingham Castle in Nottinghamshire.

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