Yachting News » Business » Barcelona's OneOcean Port Vell Acquired by Qatari Investment Bank

Barcelona's OneOcean Port Vell Acquired by Qatari Investment Bank

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OneOean Port Vell has been acquired by QInvest LLC, Qatar's leading investment bank, through its wholly-owned subsidiary BOH LLC, in conjunction with its partner, a regulated investment fund beneficially owned by the Vagit Alekperov family.

The current owner, Salamanca Group, the privately-held Merchant Banking business which developed OneOcean Port Vell and transformed it into the leading marina in Barcelona, decided it was the right  time to bring in strategic owners with the profile and local presence to further develop Barcelona's signature marina. 

QInvest already has an extensive and successful track record investing in real estate and infrastructure in Barcelona. Combining the expertise of both joint venture partners will now focus on managing and overseeing the growth of OneOcean Port Vell to maintain and extend its position within the European superyacht marina market.

Tamim Hamad Al-Kawari, CEO of QInvest, said,

“We are very pleased to be [leading the new] ownership of OneOcean 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.”

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Craig Cowie, Head of Real Estate Investment & Advisory at QInvest added,

“This is a good asset which we have supported for a number of years. Following its extensive re-development in recent years, OneOcean Port Vell now has significant potential for growth and we are committed to working hand-in-hand with the regulatory authorities (including the Barcelona Port Authority), the wider local community and all other stakeholders to support its continued development and success.”

This announcement follows a number of existing investments by QInvest in Europe across multiple asset classes.

Paul Cook, 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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About QInvest LLC

QInvest is Qatar’s leading investment bank and with activities across the Middle East and Europe, it is one of the most prominent private investment groups in the Gulf Co-operation Council region. With world class investment and advisory capabilities and the highest standards of governance and transparency the firm's priority is to deliver high-value propositions, solutions and results for its clients and shareholders.

About OneOcean Port Vell

OneOcean Port Vell is the fresh face of Mediterranean yachting set in the vibrant city of Barcelona, within a day’s sailing of numerous yachting hotspots. Fully ISPS compliant, the marina offers the highest security standards, accomodating over 150 yachts up to 190m long. OneOcean Port Vell is also one of very few marinas in Europe licensed to extend the TPA tax free benefit scheme to yachts, a substantial advantage for non-EU yachts undertaking repairs, maintenance and improvements in the Med.

Facilities include OneOcean Club's 150-cover restaurant and bar, a 24-hour gym, a crew lounge, the OneOcean Wellness Centre, a business centre and concierge service.

OneOcean Port Vell won the Global Project award at the FX International Interior Design Awards 2015 and the Architizer Award for World’s Best Marina Architecture 2016.

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