OWNER of the ONE°15 brand SUTL Enterprise has secured its second management contract in China for an upcoming integrated marina, located at Sanshan Island in Taihu Lake, Suzhou.
The 10-year contract was awarded by the master developer for the project Suzhou Taihu SanShan Island Marina, which holds the land and water rights for the upcoming waterfront development, which will comprise a private marina, yacht membership club and marina facilities. There are also plans for a clubhouse, the mainboard-listed company said in an SGX filing on Tuesday.
Located just 45 km from Suzhou City Centre and easily accessible, the new marina will carry SUTL Enterprise’s ONE°15 brand.
The group, a leading developer, operator and consultant of integrated marinas, will be involved in the conceptualisation, design and specifications and pre-opening management of the marina. It will be managing its day-to-day operations, club membership sale and related matters. sentifi.com Market voices on: