The picturesque Port Dinorwic Marina, which dates back to 1763, was previously operated by The Marine and Property Group and offers year-round cruising in the Menai Strait, which separates North Wales and Anglesey.
Simon Monks, restructuring partner at Azets and joint administrator, commented: “Whilst Port Dinorwic Marina has had its challenges in recent years, its sale out of administration to a new owner/operator will enable the necessary investment to create a thriving marina that staff, berth holders and local community can be proud of. I wish the new owners every success in operating the marina going forward.”
Jon Patrick, head of leisure and development at Christie & Co, concluded: “Considerable interest in Port Dinorwic resulted in multiple offers for the business being received, a number from owners of holiday park businesses in and around the northwest, as well as community-based investors, lifestyle buyers and multi-site marina operators. We saw a marked increase in marina and marine related advisory work throughout 2023, with further new marina instructions already confirmed in Q1 2024.”