IGY Marinas Makes Second Purchase in Mediterranean

IGY Marinas announced that it has added Marina di Porto Cervo to its acquisition of ports. Marina di Porto Cervo is a marina that’s located in North Sardinia, Italy and provides berthing for yachts that are 160 meters long and contains 700 slips. IGY Marinas is owned by Andrew L. Farkas, a well-known professional in the real estate industry.

IGY Marinas made the decision to expand his company’s horizons by obtaining more property in Europe two years ago, specifically in the Mediterranean Sea. Since then, IGY Marinas has also acquired a port in Sète, France. This was IGY’s very first port that was purchased in the Mediterranean Sea, and is currently under development with the guidance of IGY.

The role IGY Marinas will play in supervising Marina di Porto Cervo is to help the port’s owner, Porto Cervo Marina S.R.L (PCM), with management and shipyard operations. The latter will consist of branding, customer service, and marketing, which are all scheduled to begin February 27, 2018.

As IGY Marina’s 19th establishment worldwide, Marina di Porto Cervo offers several amenities such as fine dining, resorts, shopping, and plenty of sight seeing. In addition to this, the port itself provides fueling services, vessel maintenance, and free WiFi. Sardinia is also a popular entertainment spot, as celebrities such as Black Eyed Peas, Ricky Martin, and John Newman. This makes Sardinia an ideal place for IGY Marinas to add property to its already diverse portfolio.