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Redevelopment at Monaco Marine

Refit

Last week, at the Monaco Yacht Show, the Monaco Marine group, the Ports Toulon Provence port authority and its concession-holder CCI du Var have signed a memorandum of understanding regarding the redevelopment of the Bois Sacré site in Toulon Harbour near La Seyne sur Mer.

Monaco Marine proposes to redevelop part of this site, covering almost 30,000 m2 in total, and to create two separate zones that will be home to various activities related to the maintenance, repair and refit of sail- and motor-boats from 10m to 60m LOA.

The development of these two zones will involve the installation of workshops, reception areas, warehouses and covered work areas in the “Magasin Général” building, located in an abandoned industrial area in the former Normed shipyards. The total project involves 4,000 m2 of warehouse space and 570 m2 of workshops, leaving over 24,500 m2 of hard standing areas for external works.

The project, which should be completed in the second half of 2015, represents a major opportunity in terms of economic, workforce and environmental development. It will also enable Monaco Marine to keep up with changes in its fast-moving market, making the La Seyne site the heart of a constantly expanding business in the very near future. As a result, the project justifies the investment of almost €16 million of public and private funding, and an occupation period set at 50 years.

Based on 2013 estimates, the public investment will amount to around €6 million, with Monaco Marine contributing over €10 million. The aim is to redevelop the Bois Sacré site and create a new technical platform for all yachting needs. Overall, Monaco Marine expects 40 direct jobs and 100 indirect jobs to be created.

Monaco Marine believes that the new site will generate annual revenue of around €6 million. A sales team dealing specifically with the new site and the multihull market will be developed alongside existing teams. The team will be supported by the skills of the group's technicians and other staff.

A system of hydraulic jacks will allow 12-15 vessels to be placed in dry dock at the same time. Superyacht area: technical areas (onshore and afloat) for yachts from 20m to 60m Bois Sacré is ideally located to supplement the range of services offered by Monaco Marine and the floating and onshore infrastructure available between Saint-Tropez and La Ciotat.

The creation of 15,000m² of hard standing area, with floating capacity across a quayside area almost 300m in length, will allow Monaco Marine to develop a maintenance and refit business that will supplement services already available in Toulon harbour, which is the long-standing base of the Riviera Yachting Network.

Ports Toulon Provence will also renovate the port infrastructure in this area, redeveloping quaysides and creating a harbour basin. In addition, there will be lifting equipment capable of handling loads of up to 300 tonnes.

Monaco Marine
+377 97 97 02 15
www.monacomarine.com

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