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Basic Element and Island Global Yachting sign Memorandum of Intent to operate World-leading marina in Sochi

SOCHI, RUSSIA / FORT LAUDERDALE, FLORIDA (November 12, 2009): Basic Element, Russia’s leading diversified investment company, has today signed a memorandum of intent with Island Global Yachting (IGY) to manage a world-leading marina complex in Sochi, paving the way for significant employment and investment opportunities in the region. IGY is also considering an option to become a co-investor in construction of the complex. (click here to read the complete release: http://www.igymarinas.com/media/basicelementigysochi.pdf 

Hope to see you there…

http://www.igymarinas.com/media/flibs09a5.jpg

Just launched a Facebook page for IGY Marinas, become a fan here: http://www.facebook.com/pages/IGY-Marinas/152753283380 

Click below to view and download the 2009/10 IGY Global Directory

igyglobaldirectory0910.pdf

Doğuş Group, one of the largest conglomerates in Turkey, has joined Island Global Yachting (IGY) and Nautical Center Prgin (NCP) as a development partner in the expansion and renovation of the Mandalina Marina & Yacht Club.  The agreement was announced during a special signing ceremony attended by executives from each company and the President of the Republic of Croatia, Mr. Stjepan Mesić.   

As part of this agreement, Doğuş will be both an equity partner and will oversee construction, with its company Doğuş Construction, for the project under an IGY-Doğuş Development Joint Venture, and as such will be designated as the Design & Build Contractor for the marina enhancement and upland facilities.  This project and alliance will include the development of the upland portion of this nautical lifestyle destination — currently slated to encompass a yacht club, residential developments, resort accommodations, world-class shopping, dining and nightlife. 

Click below to read complete press release, backgrounder on Dogus, and a photo/caption from the signing:

 igymandalinadogus.pdf 

dogus-backgrounder.pdf 

mandalina-news-release-cutline.pdf

It’s our Montauk Yacht Club’s 80th birthday and we are throwing a weekend long celebration June 12-14.  Come out to the Hamptons and celebrate with us.  We hope to see you there!

Click here to view complete schedule of exciting events:

This summer, Island Global Yachting (IGY) invites yachters to experience the superior facilities and vibrant hospitality of its Festival Marina in Dubai with a very special offer for long-term berthing.  For reservations booked by June 15, 2009, vessels can receive a berth for 13 months for the price of 12 (offer subject to availability and advance reservations).  Celebrating its second anniversary this August, the Mediterranean-inspired Festival Marina has quickly become one of the leading marina destinations in the UAE with 74 permanent berths and state-of-the-art facilities to accommodate yachts from 15 to 35 meters.  The marina was built and designed, and is managed by IGY, one of the world’s premier owners, developers and managers of luxury marinas and yachting lifestyle destinations.

Click here to read the complete press release:  Festival Marina Offer

Did you see our Montauk Yacht Club featured in the pages of Star Magazine?

Cruising the Virgin Islands over Memorial Day Weekend?  Yacht Haven Grande St. Thomas is offering a special promotion.  Click here to view:  yhg3nights4thfree.pdf