Premier Marinas today announced it has completed the acquisition of The Waterfront at Sovereign Harbour Marina, Eastbourne. The Waterfront, which comprises of both retail and restaurant property, was acquired from Sovereign Harbour Waterfront Holdings for an undisclosed sum.
Premier Marinas CEO Pete Bradshaw commented: "The Waterfront is key to our berth holders’ overall enjoyment of the South Coast marina and is a popular venue for visitors and residents who enjoy relaxing, shopping and eating by the water.
"Our aim in acquiring The Waterfront is to provide the support and investment it needs to truly become the heart of what is already a thriving marina. Alongside The Waterfront, we have acquired a small parcel of land which we intend to use in conjunction with our boatyard operations."