28 April 2017
May 2016

More than just a pretty space

DA

“Smart people can make money out of berths.” Paul Cook of Barcelona’s OneOcean Port Vell set the mood early on at the second day of The Superyacht Owner’s Summit, which today focused on the question of whether there are good investment opportunities for owners within the marina market. Alongside Paul, the panel included Splinter Fangman of YachtZoo, Aenea Hollins of Christophe Harbour and Robert Inwards of Inwards Marine.

An initial assessment of the current marina marketplace quickly established that, despite a lack of interest in berths during the recession, the last couple of years have seen this turn on its head - and indeed there is now a lack of supply of suitable berthing globally, with a finite number of large berths available for sale. With over 20 yachts over 100m currently in build, Paul Cook described how a ‘fear factor’ was leaking into buying decisions.

Although there was a general consensus that most owners buy or lease berths for reasons other than financial gain, the ability to buy a potentially profitable asset is refreshing in an industry often labeled as a financial drain. Leasing rather than rental was seen as the most sensible move for investors, thanks to the ability to sub-rent, sell and own the location. 

Further advice for owners that emerged from the panel was ‘spend to save’ rather than ‘save to spend’ when it came to berth purchases and to consider the marina offering even more in terms of a lifestyle choice rather than a purely economical decision. Thinking long-term was key, and indeed it emerged that some owners are already buying bigger berths than necessary with a view to future purchases or leasing to bigger boats who may soon have limited options. 

Splinter Fangman also commented that "owners should get much more involved than they have been in the past” rather than seeing berthing as an added burden further down the line. The complicated legal structures in (and within) different countries were also said to be turning off owners and buyers – all of which led to the panel questioning whether there should be a more collaborative effort between marinas, perhaps supported by an online intelligence tool, for more transparency and more rational decision-making in the marina world. Watch this space.

 

With thanks to our marina sponsor OneOcean Port Vell

 


Profile links

OneOcean Port Vell


CHARTER

When hotels buy superyachts

Could superyachts be good business for luxury hotels? Recent acquisitions by some of the world’s leading resorts would suggest so.  More

BROKERAGE

Cecil Wright & Partners launches pioneering brokerage tool

Cecil Wright & Partners is now utilising a laser scanning system to allow potential buyers to walk-through a yacht while mobile. More

CHARTER

First Time Lucky?

Dominique Afacan recalls her day on board Alexa of London with owner Mark Denning, as he sailed in his first ever St Barths Bucket. More

CHARTER

My Myanmar: aboard S/Y Dunia Baru

Owner Mark Robba speaks to The Superyacht Owner about the joys of sailing in Myanmar aboard his 51m Phinisi yacht.    More

BROKERAGE

Saving a Soviet spy

The 65m MY La Sultana was re-launched in July 2015 following a seven-year reconversion. Now listed for sale through Camper and Nicholsons, TSO speaks to the owners about the opportunity to buy a piece of history.   More

CHARTER

All the World’s a Stage

The Superyacht Owner speaks to Niel Fox, founder of travel company Based on a True Story More

Categories

INTELLIGENCE DATA AND ANALYSIS FOR OWNERS

An informed marketplace benefits us all. Ask us what you need to know, and we'll source the most useful information and post a report for all.

Request intelligence

ADVICE SECURE AND CONFIDENTIAL

Discrete advice and fast answers. Click the 'Request Advice' button and select who you'd like to hear from, ask a question and we'll take care of the rest.

Ask a question now

THE LATEST ISSUE OF SUPERYACHT BUYER
Superyacht Buyer, Pilot issue

Superyacht Buyer was delivered as part of The Superyacht Owner in Q4 of 2015. To download a pdf of our Pilot Edition of the Superyacht Buyer click here.

View or download the magazine

Get advice