Camper & Nicholsons expands into Asia

Author:
Updated:
Original:

Camper & Nicholsons Marinas reached an agreement with First Eastern Investment Group, a pioneer of direct investments in China, to develop the marina sector in China and Asia.

Camper & Nicholsons recently designed four marinas in China and is working on several other projects that include long-term management agreements in what has become the world’s largest growth market for marina development and operation, the company said.

First Eastern also will be investing about $3.9 million in Camper & Nicholsons through the purchase of new shares.

This continues the expansion of Camper & Nicholsons Marinas’ business worldwide after its recent appointment to manage Yas Marina in Abu Dhabi, and the announcement of a partnership with BR Marinas — Brazil’s leading marina operator — to develop marinas in Brazil. Camper & Nicholsons already operates its own marinas in Malta, Turkey and Grenada.

The joint venture will be called Camper & Nicholsons First Eastern, and it shortly will open its Hong Kong office with Mandarin-speaking staff. Representative offices also will be established through First Eastern’s network in Beijing and Shanghai.

To facilitate this development, Camper & Nicholsons named James Beaver chief operating officer. Nick Maris, CEO of Camper & Nicholsons Marinas, will also be CEO of the joint venture, which will be chaired by Victor Chu, chairman of First Eastern.

“Our objective is to give yachtsmen, wherever they are in the world, the same high standards of service, with a local flavor, that they have come to expect from Camper & Nicholsons. Our joint venture with First Eastern will lead to some truly outstanding C&N-operated marinas in China and elsewhere in Asia,” Maris said in a statement.

Related

A Record Q2 for Brunswick

With strong global demand in all its business segments, Brunswick Corp. reported another stellar quarter, posting a 57 percent jump in net sales.

OneWater Adds PartsVu

The online marketplace for marine parts, accessories and electronics posted $25 million in sales over the last year.

Groupe Beneteau Updates Revenue Forecasts, More

The builder saw gains in its boat and luxury-home sectors and made several acquisitions, including a majority stake in Dream Yacht Group.

Golden Manufacturing Expands

The fabricator of aluminum boat lifts and aluminum and concrete floating docks adds 18,000 square feet to its Fort Myers, Fla., headquarters.

GetMyBoat Takes You to the Movies

The boat rental marketplace site teams with Disney’s Jungle Cruise for a contest to win a boat trip or movie tickets.

ConMar Adds to Sales Team

The manufacturers’ representatives add industry vet Brain Steele.

Will Canada Reopen to Boaters?

Set to open its borders to fully vaccinated U.S. residents next month, our neighbor to the north could be facing a strike by Canadian border guards and customs officials. Plus, the Great Lakes welcomes a newly designated marine sanctuary.

Southern Marinas Acquires Sequoyah Marina

Southern Marinas continues to expand its marina portfolio, adding the popular east Tennessee boating destination.