Salamanca Capital Investments, the Mayfair-based investment advisory business and part of the Salamanca Group, has acquired Barcelona Marina.
Known locally as Marina Port Vell, the Marina dominates the heart of Barcelona.
Salamanca has acquired the Marina from Global Via whose parent company, FCC, is one of Spain’s largest construction companies. It is understood that FCC is in the process of disposing of a number of non-core assets.
Salamanca will work with the Spanish Port Authority to turn the Marina into the home of some of the world’s largest privately owned yachts, with some berths catering for vessels of up to 185 metres.
Martin Bellamy, group chairman and chief executive of Salamanca, says: “Barcelona is one of the world’s most exciting cities and Port Vell is at its heart. This is a unique opportunity to turn the Marina into Europe’s most exciting mega yacht destination and in doing so add to the vibrancy of the city.”
The deal follows a series of acquisitions by Salamanca in Brazil and China in the real estate and mining sectors. The group is also set to announce the launch of its maritime services business that will further support Marina Port Vell and offer a wide range of marine related services globally.
Redevelopment of the Marina will commence in the autumn and will be complete by mid-2011.