Grand Harbour Marina plc (GHM), operators of the Grand Harbour Marina in Vittoriosa (Birgu) and a subsidiary of Camper & Nicholsons Marina Investments Limited, has issued a strong denial against a listing that says the marina is “up for sale”.
The listing, posted to the Marine Project website, advertises the sale of a concession to operate the marina for a period of 80 years, and advertises 546 moorings, the availability of a dry dock, hauling capacity, duel dispensing services, parking spaces, yacht services and that all marina equipment is included.
Notably, it does not advertise the price tag that comes with the concession, while GHM, in a denial posted to the Malta Stock Exchange on Monday, distanced itself from “unfounded and baseless misinformation” purporting that the marina is for sale.
“The Company (GHM) further adds that there are no plans, nor is there the intention to sell the marina, or to undertake any process which may lead to the sale of the Marina.
“In addition to being false and unfounded, the item appearing on the said website is also as far as the Company is concerned, unsolicited and unauthorised.
“The Company shall be writing to the administrators of the website to remove such false and misleading information.”
WhosWho.mt reached out to GHM for further information, where the company’s Chief Operating Officer (COO), Andrew Farrugia, stressed the organisation “is not aware” of where the information came from.
Asked about the impact of such a fraudulent listing to the company’s business, Mr Farrugia said:
“We will be following developments on the possible impact as we consider this statement to be highly illegal.”
GHM was established on 31st August 2000 as a private company and was converted into a public limited company in preparation for an initial public offering in 2007. Its parent company, Camper & Nicholsons Marina Investments Limited, operates the Cesme Marina in Turkey and the Port Louis Marina in Grenada, as well as the Vittoriosa Grand Harbour Marina.
GHM’s main activities relate to the operation of the marina, through which it provides berthing facilities and other quayside and marina related services to yachts, including super-yachts.
The company’s main target markets comprise local and foreign yacht owners seeking either the long-term purchase of a home-port berth or annual seasonal or short-term stays in Malta.