Diverse Marine secures freehold of Medina Yard

Diverse Marine has purchased the freehold of Medina Yard and Medina Village from the Peter Harrison Trust. This site represents 12 acres of waterfront at Cowes on the Isle of Wight, part of which is the current base of the workboat builder.

Diverse Marine specialises in the construction of a varied fleet of workboats, primarily offshore wind crew transfer vessels, but in recent months also amphibious watercraft, search and rescue craft, crew boats for the HMS Prince of Wales aircraft carrier and a number of small workboats and RIBs.

“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,” says Ben Colman, director of Diverse Marine.

“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.”