Andrew Farkas’s IGY Marinas is partnering with P&O Marinas, a subsidiary of Dubai port operator DP World, on a superyacht project in the south of France.
Under the partnership, IGY will provide a global network of commercial and tourist services while P&O Marinas will provide the technical and crew support.
The project will be located in Sète. Upon completion, the marina will accommodate 12 superyacht berths for vessels of up to 328 feet in length with a maximum draft of 23 feet. Other features of the project include electrical facilities, fuel service arrangements, in-slip grey and black water pump-out, high level security, and Wi-Fi.
Those docking at the marina will also have access to the world’s largest vessel support network, the IGY Anchor Club Strategic Partners, which offers a range of services from provisioning, crew training, full range insurance to emergency health services, and more.
Sète is known as the “Little Venice” of France and is located near Montpellier, the Côte d’Azur, and the Balearic Islands. It is an official Port of Entry, and is fully compliant with the International Ship and Port Facility Security Code. The project will also provide yachters with easy access to surrounding restaurants and shops.
The project is set to start construction at the end of this year.
Founded by Andrew Farkas in 2005, IGY continues to be a global leader in the yachting industry. IGY is one of the largest marina companies in the world, with a network of 17 marinas operating in 8 countries. IGY’s 300 slips accommodating vessels over 80 feet in length service more than 1,000 superyachts per year.
Island Capital Group is a leading real estate merchant bank, which specializes in real estate securities, real estate operating businesses and real estate investing. Island Capital Group is headquartered in New York City and was founded in May 2003 by Andrew Farkas. Farkas now serves as a Managing Member, Chairman, and Chief Executive Officer of Island Capital Group.
Island Capital Group controls different groups of real estate services companies. A few of these companies includes C-III Capital Partners, Anubis Advisors and Island Global Yachting. C-III Capital Partners is Island Capital Group’s largest subsidiary. C-III Asset Management LLC is a subsidiary of C-III Capital Partners. Applied Technology & Management, Inc. is a subsidiary of Island Global Yachting.
C-Bridge Capital was created in 2013 by Island Capital Group in order to expand ICG’s real estate business into the Asia Pacific region. ICG Realty LLC is a subsidiary of Island Capital Group, which provides real estate brokerage services.
Island Capital Group deals with a variety of different real estate related investments that offer the opportunity for risk-adjusted returns. This includes investments that are in equity and debt securities, real estate operating companies and real property.
Prior to founding Island Capital in 2003, Farkas was Chairman and CEO of Insignia Financial Group. Insignia Financial Group is a global real estate services company, which Farkas established in 1990. In July 2003, Insignia merged with CB Richard Ellis to create CBRE. The two companies together created the largest commercial property company in the world at the time.
FORT LAUDERDALE, FL; COSTA RICA – JUNE 1st, 2011 – IGY Marinas announces the addition of Marina Papagayo to its global network of premier yachting destinations. Marina Papagayo, located on the north Pacific coast of Costa Rica is part of the acclaimed five-star residential resort community of Peninsula Papagayo. This state-of-the-art, full-service marina offers a wide array of nautical services along with award-winning accommodations and amenities at the Four Seasons Resort Costa Rica, including an Arnold Palmer Golf Course, spa, and multiple dining options. This exotic, yet accessible escape is situated just 20 minutes from Liberia International Airport offering daily and frequent services from major US gateway cities.
Island Global Yachting will provide marketing and branding services as part of the agreement, with Marina Papagayo being branded as “an IGY destination.” IGY Marinas will also be delivering staff training and operational support through the acclaimed IGY University, a program tailored to the specific needs of marina staff that provides all the knowledge needed to operate a world-class marina.
Click here to read the full press release.
Island Global Yachting (IGY) announces the addition of Palmas del Mar Yacht Club, PR, expanding its Caribbean network of luxury yachting destinations.
“We are excited to welcome Palmas del Mar to the IGY family. Experiencing the staff’s hospitality and warm nature, combined with the marina’s megayacht capabilities, amenities and tranquil surroundings, makes it an ideal IGY marina destination and a great addition to the IGY Caribbean Anchor Pass flexibility,” says Tom Mukamal, President of IGY.
Located in Puerto Rico’s southeastern coast, just 45 minutes from San Juan, The Palmas del Mar Yacht Club is a state-of-the-art megayacht marina in the Caribbean and is linked to a complete resort community. The community stretches out over 2,700 acres and is marked by extensive gardens, lavish homes, two championship golf courses, the largest tennis center in the Caribbean, hotel and Casino, and even a fully bilingual K-12 school. Completing the amenities, the property is also home to 16 restaurants, shops, marketplace, art and design galleries, full service bank, equestrian center, an exclusive Beach and Country Club and a world-class yacht club.
Palmas del Mar Yacht Club berthing capabilities:
•158 slips for yachts up to 175ft/44 megayacht berths
•Maximum length: 175 ft
•Maximum beam: 40 ft
•Maximum draft: 14 ft
•Yacht Club and Marina within a 2,800 acre luxury resort
•Professionally trained staff and dock hands
•Full concierge service
•Internet and business center with Wi-Fi
•Marine supplies store and provisioning service
•Customs and immigration assistance on call
•In-slip fueling and waste pump-out
•Billfishing, watersports charters and adventure tours
•Neighboring full-service boatyard with 100-ton lift
•22 tennis courts, two championship golf courses
•Equestrian Center and Beach Club
•Pusser’s Pub and Restaurant
•Sheraton Four Point Hotel and Casino
To learn more about the Palmas del Mar Yacht Club, please visit www.palmasdelmaryachtclub.com or call 787.656-7300.
About Island Global Yachting
With yachting destinations spanning the Americas, IGY has redefined the luxury marina experience. Founded in 2005, IGY focuses on acquiring, managing, and servicing luxury-yacht marinas and lifestyle destinations. Headquartered in Fort Lauderdale, Florida, IGY also has offices in New York, NY and St. Thomas, USVI. Island Global Yachting marinas operate under the signature Yacht Haven Grande collection and the IGY series brands, as well as several private labels.
IGY’s network of properties is setting new standards for service and quality in nautical tourism throughout the world. The company offers an unprecedented collection of 10 marinas in the Caribbean and the Americas, all catering to a variety of vessel types including sportfishers, cruisers, sailing & motor yachts, as well as being exclusive home ports for some of the world’s largest megayachts. IGY also participates in 9 of the world’s biggest and best sportfishing tournaments, making our marinas in Cabo San Lucas, Mexico, St. Thomas USVI, and Palmas Del Mar, Puerto Rico highly sought-after angler destinations.
All IGY destinations are known for the highest levels of management and service. IGY’s Marina Services Division offers a complete portfolio of management and training solutions for any marina owner’s needs, from operations & service to branding & marketing, insurance, design and engineering, with in-house professionals available to assist clients.
As marina owners themselves, IGY approaches every project from an owner’s perspective in order to maximize revenues, ROI and customer experience. Operating in diverse marketplaces, IGY also has a full understanding of and expertise in managing local relationships and cultural/political logistics. For additional information on Marina Services from IGY, please visit www.igymarinamanagement.com.
IGY is an affiliate of Island Capital Group LLC, a real estate merchant banking firm led and founded by Andrew Farkas, former chairman of Insignia Financial Group. For more information, please visit www.igymarinas.com.
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