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CBRE has advised Mansford, the UK based operational real estate fund manager, on the sale of boatfolk, its national coastal marina portfolio, to Premier Marinas for an undisclosed sum.
The marinas are strategically situated around the UK coastline, including Bangor, Bristol, Conwy, East Cowes, North Shields, Penarth, Portland, Portsmouth, Rhu, Southampton and Weymouth.
The transaction represents the successful culmination of a focused investment strategy initiated in 2015. Mansford consolidated and upgraded the portfolio of 11 coastal marina assets, creating a leading premium national network serving a community of over 4,000 berth holders, underscoring the firm's capability to identify, deploy capital and realise, complex operational real estate investments.
Charles Knight, Founding Partner at Mansford added: “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.”
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.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE: CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm and a premier provider of critical infrastructure services. The company has more than 155,000 employees serving clients in more than 100 countries. CBRE serves clients through four business segments: Advisory (leasing, sales, debt origination, mortgage servicing, valuations); Building Operations & Experience (facilities management, property management, flex space & experience, critical infrastructure); Project Management (program management, project management, cost consulting); Real Estate Investments (investment management, development). Please visit our website at www.cbre.co.uk.