Diverse Marine have announced they are the new owners of the freehold of Medina Yard and Medina Village.
Purchased from the Peter Harrison Trust, the freehold covers 12 acres of Cowes waterfront and is the location of the ambitious, if not controversial, development plans in February 2013 and approved by the planning committee in 2018.
Who are Diverse Marine?
Diverse Marine are ones of UK’s leading workboat builders.
In recent months they have constructed amphibious watercraft, search and rescue craft, crew boats for the HMS Prince of Wales aircraft carrier and a number of small workboats and RIBs.
Colman: Will engage with stakeholders to consider how to collectively and collaboratively improve the site
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.”
Thank you
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”.
You can see further details about the previous plans for the site on the Website of JTP Architects.
Image: © JTP Architects
Image: Simon Haytack under CC BY 2.0
