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Deganwy Marina sold for The Crown Estate

Deganwy Marina on the Conwy Estuary in North Wales has been sold on behalf of The Crown Estate by joint agents Cooke & Arkwright, Jones Peckover and Vail Williams to Lakeland Leisure Estates. Developed in 2004, the marina is one of the finest and most modern in North Wales and is an important part of the leisure and tourism industry. Lakeland Leisure Estates has acquired the freehold interest and will take over the management and operation of the marina on 31st March 2018, upon expiry of the current lease, held by Quay Marinas.

Alice Lovegrove-Jones, Chartered Surveyor at Jones Peckover, said, “Jones Peckover were delighted to be instructed as joint agents for the sale of Deganwy Marina on behalf of the Crown Estate. It is situated at the mouth of the Afon Conwy in a stunning location with views across to Conwy Castle and the Carneddau Mountains in the Snowdonia National Park. It has superb access to sailing waters around North Wales, and beyond, and the sale generated considerable interest from both marina operators and other investors in the leisure industry.”

Gary Thompson of The Crown Estate said, “As a business, we focus on sectors where we have the scale and expertise to deliver value. We are delighted to see the Lakeland Leisure Estate team take the Marina forward, ensuring the asset is managed by a specialist in the sector.”

Deganwy Marina occupies a scenic location facing 13th century Conwy Castle and Snowdonia National Park across the Conwy Estuary. It is equipped with 165 pontoon berths, a modern marina building with showroom, offices and on-shore facilities, an automatic tidal gate, dry stack area and car parking. Adjoining the marina is the 4 star Quay Hotel and Spa.

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