Possible Expansion of Puerto Banus

A consortium involving a Chinese investment fund, the Spanish construction company Fomento de Construcciones y Contratas (FCC) and the holding company Credit Suisse have presented an offer for the licence for Puerto Banús, according to SUR.

The proposed offer of 200 million has been linked to the possible expansion of the area and according to sources consulted by SUR the deal could be made by the end of the year.

Puerto Banus was built in 1970 by José Banús, a local property developer, as a luxury shopping complex and marina. It has since become one of the world’s most famous marinas attracting over 5 million visitors a year and becoming a local haunt for celebrities and the well heeled.

The marina has 870 berths and is one of the most expensive marinas in the Mediterranean; the current king of Saudi Arabia, Salman, moors one of his boats permanently there. Puerto Banus is highly ranked alongside some of Italy’s most luxury Marinas such as Marina Grande in Capri and Porto Cervo in Sardinia.

The new deal would involve the expansion of the marina, by constructing a new eastern wing, and substantial expansion of the ports shopping area, according to SUR sources.

The Public Agency for Ports in Andalucía (APPA) as well as Marbella town council are said to be aware of the proposed deal.

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