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New ownership of OneOcean Port Vell announced

Business
Written by
Georgia Tindale

Last week, QInvest LLC announced that, through its wholly-owned subsidiary BOH LLC and in conjunction with its partner, a regulated investment fund beneficially owned by the Vagit Alekperov family, it has become the new owner of OneOcean Port Vell.

This announcement follows an agreement reached with the current owner, Salamanca Group, the privately-held Merchant Banking business. Salamanca Group identified that it was the correct time to change ownership, bringing in high-profile owners with a local presence in Barcelona to invest in and further develop the marina as a distinguishing hallmark of the city.

A dedicated team combining the expertise of both joint venture partners will be focused on managing and overseeing the growth of OneOcean Port Vell, aiming to both maintain and enhance its positioning within the European superyacht marina market. QInvest has activities across the Middle East and Europe, and is one of the most prominent private investment groups in the Gulf Co-operation Council region.

Tamim Hamad Al-Kawari, Chief Executive Officer of QInvest, said: “We are very pleased to be [leading the new] ownership of One Ocean Port Vell. As one of the most prestigious marinas in the region, situated in one of Europe’s leading cities, we are confident about its prospects for the future.”

Paul Cook, the General Manager of OneOcean Port Vell said: “This is excellent news for OneOcean Port Vell. The vision of the new board will allow us to build on and consolidate the marina as a leading winter home port and summer destination for superyachts”.

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