Investment firm West Coast Capital has purchased Port Edgar Marina on the outskirts of Edinburgh for an undisclosed price.
The deal includes the entire shareholdings of Port Edgar Holdings, Port Edgar Marina and Production Yachts (Port Edgar), together with the long leasehold agreement with the City of Edinburgh Council that extends to 2100.
Port Edgar Marina sits 10 miles west of Edinburgh city centre on the Firth of Forth and operates as a hub for sailing enthusiasts, marine businesses and waterfront leisure. The facility provides 320 pontoon berths, comprehensive boatyard facilities and retail and hospitality space.
Outgoing owners Cara and Russell Aitken will step down in the coming weeks after completing a collaborative handover with the new management team, which will be led by Jamie Hunter.
West Coast Capital is the investment arm of the Hunter family office, which focuses on backing founder-led, profitable businesses with a long-term investment approach.
Jamie Hunter said: “We are delighted to have made this acquisition from Russell and Cara Aitken who have done a fantastic job developing Port Edgar. We now look forward to investing further in its development and supporting all the businesses based there, not least Scotts, another one of our portfolio investments.”
Russell Aitken added: “We are confident that West Coast Capital are the perfect owners to take Port Edgar forward The team are committed to further investment and securing the long-term future of the marina. They already invest in Buzzworks, which owns Scotts Restaurant here at Port Edgar, so they understand the huge potential of the site as a leisure destination and have the vision and resources to realise it.
“We would like to thank all our berth holders, tenants, staff and suppliers for their incredible support during our time here. It has been a privilege to serve this wonderful community.”
