D-Marin to operate Albania’s Vlora Marina touristic port

The developer, a consortium between diverse conglomerate Balfin Group, construction company Brunes and two special purpose vehicles, is investing some 45 million euro ($48.3 million) in the port, it said in a press release last week. The marina is set to feature 438 berths catering to yachts and mega-yachts up to 50 metres in length.

In July, Marriott International said it signed an agreement with Albanian developer Marina Residences Vlore for the development of the property through a 100 million euro investment involving a waterfront hotel and apartments under the Marriott brand, available for private ownership.

According to the announcement, D-Marin operates 23 marinas in Greece, Turkey, the United Arab Emirates, Montenegro, Croatia, Italy, Spain and Malta, totalling over 12,000 berths and dry dock facilities that can accommodate over 3,000 vessels.

($=0.930 euro)