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Post by kris on Oct 31, 2018 15:46:39 GMT
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Post by kris on Nov 21, 2018 10:46:24 GMT
From what I now understand its loyds bank that is buying BWML. Which is probably even more worrying than an existing marina company buying them.
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Post by Deleted on Nov 21, 2018 12:54:59 GMT
Lloyd's bank ??
Shit!
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Post by quaysider on Nov 21, 2018 13:35:56 GMT
my mortgage is with them... does that mean I'll get shares ;-)
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Post by kris on Nov 21, 2018 14:05:03 GMT
From talking to people in the local marina this is what it's looking like. At least if it had been another marina company expanding then they would have understood the business. I can't imagine loyds are looking to move into the marina business long term, so it will just be a quick flip to them.
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Post by Deleted on Nov 21, 2018 14:16:50 GMT
Asset stripping it is then.
If true.
I suppose this could make for some quite interesting marinas. The ones that don't bring home the bacon maybe they could be taken over by the existing occupiers like some sort of community marina arrangement. Maybe for the less profitable marinas its good news.
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Post by kris on Nov 21, 2018 14:27:26 GMT
Asset stripping it is then. If true. I suppose this could make for some quite interesting marinas. The ones that don't bring home the bacon maybe they could be taken over by the existing occupiers like some sort of community marina arrangement. Maybe for the less profitable marinas its good news. Let's hope so. But I would have thought, the most return would come from closing them and building a posh waterside housing development on the land.
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Post by Deleted on Nov 21, 2018 15:09:09 GMT
Well I suppose there is that. They were hastily dug out when the old "build marinas it will make you rich" enthusiasm gripped the canals but as you rightly point out the current money making strategy is housing. I just hope its a bubble. It seems like a bubble but I suppose it is also related to population increase.
I'm not that bothered as I have no current investments in land property and do not intend to ever own any property anyway. I do think its time for a correction though.
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Post by Deleted on Nov 21, 2018 16:29:02 GMT
I'm in favour of more online moorings. Always have been. I know some people dislike them but I am not one of those people. I like seeing boats of all kinds in fact I find it quite disturbing seeing really nice boats only for them to go back into a marina and be hidden. Online moorings are the obvious way for a waterway authority to make money as well. I wonder if you are confusing me with someone else You might not know how odd your comment seems to me. I'd like to see ribbon development of popular parts of canals for housing and leisure use. I really can't understand why people don't want that. In my opinion the marina approach is completely wrong. In my 24 years on boats I have had several different moorings and cruised most of the system but I have never once been into an off line marina. Not even to buy diesel. I hate marinas As I said before assumption is the mother of all <word removed>ups
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Post by Deleted on Nov 21, 2018 16:40:21 GMT
that's fair enough I can see the security side of it although I think properly arranged on line moorings (not necessarily towpath side) will provide that.
I was just a bit surprised at your suggestion that CRT making more on line moorings would be something I would object to. Nothing could be further from the truth .
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Post by Deleted on Nov 21, 2018 16:43:23 GMT
When I said "ribbon development for housing and leisure use" I was talking about residential boats and leisure boats. A mix. I didn't mean infill and building houses and cycle ways.
I like living on the canal. Other people like it. Residential boats make an area nicer. Specially in a city.
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Post by Deleted on Nov 21, 2018 16:59:13 GMT
To be fair I think the on line moorings should be concentrated on the "off side".
As it happens when out boating I don't tend to rely on ordinary conventional visitor moorings I usually try to get away a bit anyway so development of popular towpath moorings would not have much effect on me personally.
I remember someone painted "stop motorway madness on canals" on a bridge near Watford. I think they had a point really. Apparently one of the objections people have to on line moorings is that they need to slow down.
OK so people want to go as fast as possible and meet a deadline of some sort. This seems to be part of modern life. Maybe if more on line moorings were allowed there could be a condition that you tie up properly and don't moan at people going past too fast.
Is that why people don't want to see boats moored on canals? Maybe there is another reason.
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Post by Jim on Nov 21, 2018 17:28:30 GMT
To be fair I think the on line moorings should be concentrated on the "off side". As it happens when out boating I don't tend to rely on ordinary conventional visitor moorings I usually try to get away a bit anyway so development of popular towpath moorings would not have much effect on me personally. I remember someone painted "stop motorway madness on canals" on a bridge near Watford. I think they had a point really. Apparently one of the objections people have to on line moorings is that they need to slow down. OK so people want to go as fast as possible and meet a deadline of some sort. This seems to be part of modern life. Maybe if more on line moorings were allowed there could be a condition that you tie up properly and don't moan at people going past too fast. Is that why people don't want to see boats moored on canals? Maybe there is another reason. Mooring / getting somewhere in a day should be about compromise on both sides. I'm happy to slow down a bit but moorers should use springs, long pins if needed, moor properly or not whinge and whine if they bob about a bit.
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Post by Deleted on Dec 1, 2018 11:07:55 GMT
CRT have been investing heavily in the commercial property market over the past couple of years. It now looks as though they may well take a hit as the market declines. They never seem to learn, given the fiasco with BW in 2009.
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Post by Deleted on Dec 1, 2018 11:48:11 GMT
Yes I wonder what the effect on canals will be if brexit happens. Obviously there is a fair chance it won't but if it does and its a hard one then there could be a property crash making it easier for people to buy houses so probably a boat value crash as well specially if the DEFRA "houseboat" group do something serious.
Interesting times !
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