Cornish shipyard Pendennis has announced that it has made a “major” multi-million pound investment in Mediterranean refit marina Vilanova Grand Marina in Barcelona. As part of the investment, the yard revealed it plans to build a new refit facility at the marina.

The yard is aiming to complete the first phase of the new facility by the start of the winter season next year.

Pendennis joint managing director Mike Carr explained: “Besides already being a first-class marina close to Barcelona, we plan to build a refit facility alongside from where we will be able to enhance our offering to the superyacht fleet in the Mediterranean region.”

As well as its Falmouth headquarters, which is capable of carrying out substantial superyacht restoration, the yard also has a Palma-based refit office at STP shipyard, which opened in 2011.

Carr added that the investment and new refit facility “will complement our already successful international business operation in Palma, as well as our main base in Falmouth”.

Designed exclusively for superyachts, Vilanova Grand Marina currently has 49 superyacht berths for yachts ranging between 20 and 130 metres for yachts with a maximum draught of 6.5 metres.