Company: The Marine & Property Group Ltd
Business Type: Marina Operator
UK & International Business Sales and M&A News
Watchet Marina has been acquired by The Marine Group for an undisclosed sum, and comes after careful and collaborative negotiations between the Cardiff-based Marine Group, Watchet Harbor Marina Ltd and Somerset West and Taunton Council.
Watchet Marina was opened in 2001 and is located within Watchet Harbour, which has a centuries-old tradition as a safe sanctuary in the Bristol Channel. The harbour is divided into outer and inner areas where the outer west side remains tidal.
The group’s Harbour Management team will commence a major upgrade programme, and a comprehensive dredging campaign will begin in late spring. This will ensure that adequate water depths are available within the marina. A long-term maintenance programme will mean the harbour never again suffers from siltation issues.
The rehabilitation of the harbour will be community focused. The Marine Group has a track record of working with local businesses and communities and welcomes local engagement.
Christopher Odling-Smee, Director of The Marine Group, said:
“Watchet is a proud and beautiful town and we owe it to the community to deliver a harbour that reflects its potential as a destination and a fabulous place to live.
“We are pleased to also welcome the existing marina employees to the company and to count them amongst our team.”
Christopher Odling-Smee – Director of The Marine Group
The Marine Group has ambitious investment plans for Watchet and, working closely with the community, plans on delivering upgraded landside facilities in future.
Cllr Marcus Kravis, Executive Member for Asset Management at Somerset West and Taunton Council, commented:
“We are delighted to be working with The Marine Group and support their plans to invest in Watchet. Their development plans will bring welcome investment, jobs and enliven the harbour.”
Cllr Marcus Kravis – Executive Member for Asset Management at Somerset West and Taunton Council
Having carried out dredging in the harbour previously, The Marine Group is confident it will improve the marina and its facilities.
Director of Operations at The Marine Group Rob Freemantle concluded:
“Having conducted a successful dredge campaign in the outer harbour at Watchet in 2020, we are familiar with the technical dredging requirements of the marina. The Harbour Management team is looking forward to be working on a comprehensive campaign to renovate Watchet Marina.”
Rob Freemantle – Director of Operations at The Marine Group
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