Tuesday, November 29, 2022

Diverse Marine secure freehold of Medina Yard

Diverse Marine is pleased to announce that it has completed the purchase of the freehold of Medina Yard and Medina Village from the Peter Harrison Trust. This site represents 12 acres of waterfront at Cowes on the Isle of Wight, part of which is the current base of the UK’s leading workboat builder.

Diverse Marine specialises in the construction of a varied fleet of workboats, primarily offshore wind crew transfer vessels, but in recent months also amphibious watercraft, search and rescue craft, crew boats for the HMS Prince of Wales aircraft carrier and a number of small workboats and RIBs. A recent notable delivery was ’Seacat Columbia’, the first of class BARTech30 for Seacat Services.

Ben Colman, Director of Diverse Marine Ltd: “The acquisition of the Medina Yard and Medina Village not only protects the future of Diverse Marine, its staff and contractors but also gives security to other tenants on the site that support us in our day-to-day activities. We look forward to engaging with all stakeholders to consider how to collectively and collaboratively improve the site to meet the needs of all tenants and stakeholders and look to development plans and opportunities on the site for the greater good of Cowes and the Isle of Wight”.

Diverse Marine would like to thank their legal team, Stephenson Harwood LLP, the Peter Harrison Trust and all other parties involved for expediting the sale cleanly and efficiently.

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