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Pitmans LLP

47 CASTLE STREET, READING, BERKSHIRE, RG1 7SR, ENGLAND
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Pitmans advises Premier Marina Ltd on Noss Marina Acquisition

May 2016

Pitmans has advised Premier Marinas Limited on its acquisition of Noss Marina, which is just outside Dartmouth, from the Administrators Duff & Phelps.

Noss comprises nearly 40 acres set in natural woodland with a commanding water frontage to the River Dart.

The acquisition is expected to bring over £100m of investment into the Dartmouth area, including a new and larger marina; new berth holder facilities; a new boatyard with increased lifting capacity and workshops for complimentary marine activities and a new home for South Devon College.

Pitmans' experience working with marina and waterside development benefited the process which involved six months of protracted and complex four-way negotiations.  The team was led by head of corporate Sean Kelly and commercial property partner John Newton.

John Newton commented: “We are delighted to have had the opportunity to work with Premier Marinas on this exciting project from the outset.  Access to the site via the bridge that crosses the Paignton-Kingwear railway will also be improved.  The investment in the site will be supported by sensitive residential development."

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