Berth Purchases Rise in Italy | MooringSpot

Berth Purchases Rise in Italy


Despite the economic downturn and the dire financial or legal issues in some marinas in Liguria, Alessandro Menozzi, CEO of PortoMirabello, is proud to show the other extremity of the Ligurian harbour development spectrum.
In its privileged location in the Gulf of La Spezia, on Tuscany’s doorstep, PortoMirabello has constantly shown growth in traffic and occupancy and is continuing to do so. Over the past season, the number of yachts and superyachts transiting has raised 20% from the previous year, and the future looks even more promising. As in many parts of the Mediterranean, interest in yacht-berth lease purchases has risen sharply over the summer. Two more berths (one of 20 metres and one of 40 metres) have been bought from the marina’s concession holder, and it currently seems like other yacht owners may invest further in the marina’s larger moorings.
At the last Monaco Yacht Show, Mr. Menozzi told us one of the key contributors to this prosperity is the level of service. One of the most recent berth buyers was on one of the yachts staying in the marina. It is only after experiencing the customer care and amenities to be found within PortoMirabello that he chose to invest. "You need to have a feel of the atmosphere within the marina to fully understand what this special place offers", confided the CEO.
Of course, the location and the growing number of superyachts cruising in the region are also key decision criteria for investments of this size. The consistent growth of orders in shipyards seems to indicate that there should be a shortage of mooring facilities for megayachts in the years to come. Already in 2014, yachting industry figures were showing a highly positive signs for this higher end segment, with nearly 100% growth since the financial crisis. Now, looking back at 2015 alone, there has been a 25% increase in orders of yachts over 72 metres (250’). 50 new megayachts have been ordered this year (so far), when in 2007 there were only 18 projects of these magnitudes to report.
Berths on PortMirabello's superyacht quay, ItalyIn addition, new records are being set in terms of yacht sizes. As this year’s Global Order Book reports, there are currently 23 new construction projects of vessels over 100 metres (330’). There are of course very few marinas in the Mediterranean with the appropriate berths, the space, and the facilities for such yachts. PortoMirabello however has two berths of this range located on Quay O, near its helipad.

There are now only a handful of berths still for sale in PortoMirabello, and the Developer has informed us the proceeds of the next berth sale will be used to even further develop amenities in the marina, such as developing accommodation for guests, crew, as well as for all those who would like to experience the PortoMirabello lifestyle, but do not (yet) own a yacht.

MooringSpot, October 2015.

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