By David Robinson
Sunseeker’s managing director Stewart McIntyre, has told SB: “We are just getting on with the job and being left to do so,” in reference to life under the group’s new Chinese majority shareholder Dalian Wanda Group.
Speaking to SB at the London Boat Show, McIntyre, who since the show has been to Beijing for the annual meeting of the group, explained that Dalian Wanda’s plans for three 300-berth marinas in China are progressing. These are planned for Qingdao, Hainan and somewhere in the middle of China. The Qingdao project is understood to be the most advanced with designs already being developed. Each of the marinas will have a Sunseeker Club and 10 Sunseeker yachts based at the locations. McIntyre confirmed the 30 yachts would be built in Poole and ordered at an appropriate stage as the marinas are developed. There is also a proposal for a Sunseeker facility to be built in China constructing yachts specifically for the Chinese market.
Dalian Wanda is led by Wang Jianlin, China’s third richest man according to the Bloomberg Billionaires list. From the World Economic Forum in Davos it was announced that Dalian Wanda will invest up to £3bn in UK regeneration projects. This is on top of the £1bn that was linked with the acquisition of Sunseeker and the building of a new hotel in London.
Its annual meeting showed that in 2013 the group had assets of Yuan380bn ($63bn+) and the plan is to increase this to Yuan450bn($75bn) in 2014. Annual revenues in 2013 equated to $31bn and that in 2014 it is planned to increase these to $40bn and an profit forecast of $2.5bn.