Operational real estate fund manager Mansford has sold its boatfolk national coastal marina portfolio to Premier Marinas for an undisclosed sum.
The portfolio comprises marinas at Bangor, Bristol, Conwy, East Cowes, North Shields, Penarth, Portland, Portsmouth, Rhu, Southampton and Weymouth.
Mansford consolidated and upgraded the portfolio of 11 coastal marina assets, creating a national network serving a community of more than 4,000 berth holders.
Charles Knight, founding partner at Mansford, said: “We are proud to have created a market-leading business in boatfolk. Our approach has always been to build institutional-quality assets. We are delighted that boatfolk is joining Premier’s stable of best-in-class investments to form the UK’s leading marina business.”
David Batchelor, chairman of high growth markets at CBRE, which advised Mansford on the sale, added: “Mansford have built an exceptional portfolio and brand since establishing boatfolk in 2015. It’s been exciting to have worked with Mansford and the boatfolk team throughout their ownership and we look forward to seeing it enter its next phase of growth.”
