The marina, developed from a 19th century dock built to accommodate the sugar trade in Glasgow, has seen a number of superyachts visit in the past few years, including S/Y Eyos (pictured above).
James Watt Dock is the only marina in the area that is able to host larger vessels, due to its deep water. With a 150 berths currently available - the largest at 60m - the investment plans will see capacity grow for yachts up to 150m.
The takeover indicates the potential for seismic growth in the area, as Jeff Houlgrave, senior associate at Marina Projects, predicts: “We’ve committed to invest in new berths this year and a new building to be ready by year three. Looking ahead, we also have the opportunity to develop another area of land into a marine-trade centre for larger ships.”
The development is sure to bolster superyacht visits in the coming years and also impact positively on the local economy Houlgrave notes: “From the day vessels arrive, hire cars are needed, local food is needed, fuel is needed; it’s just fantastic for the area.”
Commenting on the popularity of the region, Houlgrave is confident in the allure of the area for superyachts. “The Clyde and the west coast of Scotland is an attractive cruising ground as an alternative for some owners. The Americans are very attached to Scotland. Yachts try a route around Scotland into the Baltic and then back down into Holland or Germany to refit.”
For Marina Projects, it was vital for the current staff employed at the marina to remain during the expansion, as this contributes to the appeal of visiting a more intimate marina. “It’s secure and very friendly; it’s a nice place to come. I’ve heard from crews aboard who have been here is that they were looked after very well - it’s a nice facility with good staff,” Houlgrave adds.
The investment is indicative of more positive growth for the superyacht industry on British shores, and Houlgrave believes, “It is important for Scotland and for the UK as a whole, as these things don’t happen very often. We need to make sure we are on the map.”
Image courtesy of Marina Projects.
If you've found this story to be 'a report worth reading', and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our VIP print subscription offer. We are inviting industry VIPs to register for a complimentary subscription to our print portfolio, which includes the most insightful information on the state of the superyacht market. To see if you qualify for our VIP subscription package, please click here to fill in an application form