Engel & Völkers sponsors Club de Mar: Sailing to success!
As part of a local programme to support youth sports teams, Engel & Völkers Mallorca has signed a new sponsorship agreement with the prestigious Club de Mar, one of Palma’s foremost superyacht marinas and where some of the largest luxury yachts in the world are moored. The agreement focuses on the sponsorship of the Club’s Laser and Optimist regatta team and includes branding on the new team kit and on the boats, plus sponsorship of The Engel & Völkers Cluma Trophy which will take place on the 14th and 15th of April. “It is a wonderful opportunity for us to make a difference in the local community and to share our success in worthwhile projects. Sharing the passion for perfection and commitment to Mallorca and its people – it is a privilege to support this project”, says Hans Lenz Managing Director Engel & Völkers Mallorca Southwest.
New 50 Million Euro Investment Programme Announced
The Club de Mar has announced an exciting new 50 million euro refurbishment programme and the agreement to pay 250 million euro to extend its concession for a further 25 years with the local Port Authorities. Buildings, moorings and pontoons will all be renovated as part of the refurbishment as well as extending walkways and cycle routes to the public social areas that will join the cruise ship terminal area located beside the Club. The result will be an attractive, modern and sustainable nautical area which will enhance this area and become an integral part of the city.
Palma has long been regarded as a leading centre for yachting in the Mediterranean and this investment project is good news for the Club and the City as it will create further interest within the international yachting scene and become a new point of reference for visitors and residents.
Investment programme to have positive impact on residential area
The redevelopment, which is scheduled to start in the autumn of this year, will upgrade the entire area and is expected to have a positive impact on the adjoining residential area of Terreno where old buildings have gradually been demolished to improve the environment of the neighbourhood. This area, once the centre of sophistication in the 1970’s/1980’s, is primed to become one of the foremost residential areas in Palma particularly for luxury apartment developments with views over the Club de Mar, the Paseo Maritimo and the Bay of Palma.
Engel & Völkers predicts that this area, which is ideally located for Palma’s yacht marinas, commercial boat yards, the historic town centre and Palma’s International Airport, is set for a revival with developers already looking at existing plots for re-development into penthouses and lock up and leave apartments. Immediately opposite the Club de Mar, the small C’an Barbara harbour where typical “Llaut” fishing boats and smaller vessels are moored, is already becoming increasingly interesting to investors for apartments with views across the marina.
As part of the revival, more quality restaurants have started to open in this area; ahead of the curve, local Mallorcan chef, the first to be awarded a Michelin star in Mallorca, opened the “Taronja Mar” restaurant within the Club de Mar. Located on the first floor of the club house with a large exterior terrace, this informal restaurant not only offers diners’ superb Mediterranean cuisine but also spectacular views across the marina over to Palma Cathedral. Further along the Paseo Maritimo the gastro market “Mercat 1930”, opened last summer beside the Melia Gran Hotel providing a range of flavours from classic Spanish tapas to Thai cuisine.