- Business - Permission granted


Permission granted

Ocean Village's Marina Bay in Gibraltar has taken another step forward in development, with Gibraltar's Development and Planning Commission granting planning permission for the new superyacht berths and short stay rental apartments.…

Outline planning permission has been awarded by Gibraltar’s Development and Planning Commission (DPC) for the new superyacht berths and short-stay and rental apartments in Marina Bay at Ocean Village.

In a statement to the media, director of Ocean Village, Neil Crawford explained “It’s been a long road for us since December 2014, when the plans were submitted, and the project has generated a lot of interest in the form of overwhelming support, which outnumbered the occasional strong objection.”

He added that, even with opposition to the project, this has been drowned out by “a vote of confidence in the future of Gibraltar’s economy [which] complements the government of Gibraltar’s measure to attract superyachts to the Rock.”

Amongst the benefits of enabling Gibraltar to be a popular superyacht stop-off point is the cut-price fuel and long-term berthing. The tax-efficient and VAT-free jurisdictional structure will add to the opportunities for job creation for this strategically positioned location.

Captain Ed Geary, the technical consultant for the project told, "Greg Butcher el Jefe of Ocean Village, the lawyer Lewis Baglietto, and the architect from the UK gave outstanding presentations in support of the superyacht marina. Because of their clear and comprehensive presentations it would have been hard for the Commission not to approve this 21st Century project."

Crawford also explained that the marina sees many yachts come through, but “usually just for short periods of time or for fuel stops. Only recently did a superyacht fuel in Gibraltar but then continued up the coast to Puerto Banus, a marina with an arguably out-dated infrastructure, where the owners spent €300,000 in one shop,” the kind of business that retailers and others in Gibraltar would benefit from.

Plans for the Marina Bay include, 10 stern-to superyacht berths, a modern Pier Office, executive crew lounges, pump-out facilities, significantly improved electricity supplies, spa-style facilities, storage, workshop and laundry services. In addition, 102 waterside apartments and short-stay rental accommodation will be built.

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