President of Lukoil and Qatar investment bank QInvest purchased the port of OneOcean Port Vell, also called the "symbol of Barcelona".
Earlier, the harbor belonged to the British company Salamanca Group. Alekperov purchased a part of the port through an investment fund owned by the entrepreneur's family. And the bank QInvest acquired its part through the subsidiary company BOH LLC.
Representatives of Salamanca Group believe that now is the right time for new investors who will develop the popular harbor. Salamanca Group bought the port in 2010 and invested about € 100 million in it. The amount of the current transaction remains unknown. The source said that the estimated harbor could cost about $ 2 billion.
"As a rule, the purchase price is equal to a ten-year profit. But this is a very rough estimate, "the source said.
Spanish media suggested that the investors of Salamanca are oligarchs Vagit Alekperov and Leonid Fedun, who disguised their investments through a large structure of offshore companies in Cyprus, the Cayman Islands and the Virgin Islands.
In total, the harbor is capable of taking more than 150 vessels up to 190 meters in length. Owners of yachts can not only rent a parking space, but also buy it. The same unnamed source told the publication that the cost of parking a large yacht in the harbor can reach up to 50 thousand euros per day. The bigger the yacht, the higher the price. Yachts can stand 10 to 100 days. He also noted that this harbor is luxury, so there are other services provided. OneOcean Port Vell has a private club, a restaurant, a tapas bar, a 24-hour fitness room and a wellness center.
As of September of this year, Bloomberg estimated Vagit Alekperov's fortune at $ 11.5 billion. He also owns the Dutch manufacturer of high-speed ocean Heesen Yachts. In the same place was built the yacht of Alekperov himself - 70-meter Galactica Super Nova. According to Forbes, the state of Vagit Alekperov was about $ 14.5 billion for 2017.
Salamanca Group announces the transferal of ownership of its luxury marine asset in Barcelona
LONDON, 18th September 2017, Salamanca Group, the London based Merchant Bank, announces the transferal of ownership of Marina Port Vell in Barcelona to two partners; QInvest LCC and a regulated investment fund beneficially owned by the Vagit Alekperov family. Salamanca Group acquired the marina in July 2010 as an asset backed opportunity with a vision to transform the marina into a preeminent superyacht destination in the Mediterranean.
The Group invested US$100m+ to transform the marina into a superyacht destination to better service existing and future customers. The transformed marina catering for 150 yachts up to 190m and featuring two new buildings, has won various awards, notably “Global Project” in the FX International Interior Design Awards in 2015, and placed the marina and Barcelona on the superyachting map. As evidenced by the move of the MYBA Charter Show after 16 years from Genoa to Barcelona and the sale of a 160m long term berth lease earlier this year, Marina Port Vell is now well-recognised in the yachting industry. In 2016 the marina saw an increase in yacht charter numbers compared with 2015; a 31% growth in yachts over 30 metres; 85% in those over 80 metres; and 742% in the 100 metre plus category.
Additional activities at the marina include the operation of a 150-cover restaurant and bar, and asset management for multiple tenants in luxury offices.
The project provided direct and significant economic and aesthetic value to Barcelona contributing 836million euros into the city in 2015 and provided 8,300 jobs*. The investment was instrumental in the regeneration of the port area and Salamanca Group reinvigorated the city’s maritime heritage through inspiring the development of a Nautical Cluster – a group of Barcelona-based businesses strengthening maritime opportunities for the City.
Martin Bellamy, Chairman and CEO of Salamanca Group comments, “We are pleased to have left an indelible mark on Barcelona. Our ability to acquire and transform the asset is a prime example of the Group’s breadth of expertise, offering a crossover in investment, advisory and real estate services. As owners and hands-on managers throughout the seven years of ownership, the management team were very close to the project, and we wish the new owners every success for the future.”
Marina Port Vell is currently branded under OneOcean Ventures, a luxury marine brand, launched in 2014 by Salamanca Group which focuses on delivering high quality facilities and services to the yachting industry. In 2015, following the transformation of the marina, OneOcean Ventures licensed the use of the OneOcean brand to Marina Port Vell.
Salamanca Group continues to conduct business in the yachting industry under OneOcean Ventures and is actively seeking future opportunities across the globe.