Qatari bank acquires OneOcean Port Vell Marina in Barcelona

OneOcean Port Vell Barcelona

Bank QInvest LLC, is a leading Qatari investment bank and one of the most prominent financial institutions of the Cooperation Council for the Arab States of the Gulf. Bank bought OneOcean Port Vell Barcelona through its subsidiary BOH LLC together with its partner, a regulated investment fund owned by the Vagit Alekperov family.

The purchase was made by agreement with the current owner Salamanca Group, a private commercial banking business that has been actively developing OneOcean Port Vell and turned it into a leading marina in Barcelona. The Salamanca Group decided that it would now be advisable to attract strategic owners who have a specialized and local presence in Barcelona to invest and develop one of the city's most recognizable symbols.

In this respect QInvest has an extensive and successful investment experience in real estate and infrastructure in Barcelona. A dedicated team bringing together the combined expertise of VC partners will focus on managing and overseeing growth OneOcean Port Vell to maintain and develop its positioning in the European superyacht marina market.

Tamim Hamad Al-Kawari, general manager QInvest, said: “We are delighted to be spearheading the new One Ocean Port Vell property. As one of the most prestigious yacht marinas in the region, located in one of the leading cities in Europe, we are confident in its future prospects. "

Craig Cowie, Head of Investment Property and Consulting Department at QInvest, added: “This is a good asset that we have supported for some time. After extensive revision of the development plan, OneOcean Port Vell currently has significant growth potential and we aim to work hand in hand with regulators, including the Port of Barcelona Authority, the local community and all stakeholders to support its continued development and success. "

This announcement follows a series of investments that the bank QInvest implemented in Europe across multiple asset classes and geographic regions.

Paul Cook, general manager OneOcean Port Vell Barcelona, said: “This is great news for OneOcean Port Vell. This new vision will enable us to build and strengthen the marina's position as the premier year-round superyacht marina. ”

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19.09.2017