The Crown Estate confirms sale of Deganwy Marina

The Crown Estate has agreed the sale of the freehold interest in Deganwy Marina to Lakeland Leisure Estates Limited. 

19 January 2018

Deganwy Marina, located on the Conwy Estuary in North Wales, is a modern, 165 berth marina.

Whilst owned by the Crown Estate, Deganwy Marina has been leased to and managed by Quay Marinas Limited. 

The Crown Estate, established by Act of Parliament, is not able to borrow, and as such, sales such as this are an important part of raising capital for reinvestment across the business.

Gary Thompson, Coastal Asset Manager at The Crown Estate said: “As a business, we focus on sectors where we have the scale and expertise to deliver value. We are delighted to see the Lakeland Leisure Estate team take the Marina forward, ensuring the asset is managed by a specialist in the sector.”

Phill Morgan, Chairman of Lakeland Leisure Estates Limited commented: “We are delighted to add Deganwy to our portfolio. It has been developed to a high standard and offers superb sailing waters, which I have sailed myself over many years, along the North Wales coast. We look forward to working with the staff and boat owners in the future.”