29 November 2006

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Business Today

Malta Today



Marina investment becoming a “great opportunity”

Karl Stagno-Navarra

While investment in property is considered to be an everlasting investment, yacht marinas are turning out to be more profitable ventures for investment, as the industry is undergoing a major boom.
Speaking to Business Today, Simon Arrol, Development and Operations Director at Island Global Yachting – key players in yachting marinas worldwide – insisted that “investors should start to look at yacht marinas as a great opportunity”.
The return is more than guaranteed, he stressed, while adding that when one looks at a marina, it is taken as a fact that the berths are full, and the demand for more is ongoing.
In the light of a boom in demand for the delivery of boats, yachts, cabin cruisers and super-yachts these last ten years, the demand for berth spaces continues to pressure.
Simon Arrol, who has 10 years of experience in senior posts within world renowned Camper & Nicholsons, is also a director at the Cottonera marina. Arrol explains that Malta’s opportunities for marina development are “second to none”, explaining that the setting for any corner of the island is “exclusive” more than comparable to other traditional locations like Cannes, St. Tropez and Montecarlo.
“Here in Malta, if one looks at the Cottonera marina, one finds an environment that no other country could offer,” he says, while adding that the crews from super-luxury boats insist to berth in Malta, as the environment not only is safe and quiet, but most of all, they are surrounded with all the services they need.
Simon Arrol is well aware about the property market in Malta, and the keen interest by Maltese to invest in real estate.
“Investing in yacht marina’s is the real estate of tomorrow. The return is high-end and the Maltese should be aware of the great opportunities around, to invest in this growing sector,” he concluded.

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