Our Business

Sutton Harbour

Sutton Harbour provides berthing for 573 vessels and receives stable, core annual revenue streams in the form of dues, fees and rents from the established fisheries, marinas and real estate operations.

The location of Sutton Harbour, in central Plymouth and adjoining the historic Barbican quarter, has undergone two main phases of regeneration over the past two decades.  The first phase to unlock the potential of the area was realised when Sutton Lock was installed in 1992 creating a usable depth of water, followed by the relocation of the fish market to the eastern side.  In the second phase, the development of high quality residential and commercial buildings overlooking the harbour, and improvements to berthing facilities, added to the attractiveness of the area to create a long term sustainable location for business, leisure and living.

Sutton Harbour Holdings plc is now focused on bringing forward the third phase with infill regeneration to join together existing key attractions and to position Sutton Harbour initially as a destination of regional importance within the South West, with the realistic opportunity to be of national significance.

Regeneration Activities

This division includes regeneration activities and is focused on development for revenue and capital growth.

It has established a track record through the delivery of seven major regeneration schemes around Sutton Harbour, and a further two schemes in other locations elsewhere in the South West.

A key feature of all these schemes was working in partnership with other public and private sector bodies.  The company also successfully achieved planning consent on 22 acres of surplus airport land which was sold in tranches to a residential developer between 2009 and 2011.

In June 2011, Sutton Harbour Holdings plc was selected by the English Cities Fund (ECf) to build and operate a new marina in Millbay in Plymouth.

Real Estate Investment Activities

This division includes rentals from investment properties, revenue from car parking and is particularly focused on growing its annual income through asset enhancement.

Although property development continues to be challenging in the current economic environment, the comapny has continued to invest in, and drive value from its investment portfolio, securing lettings in vacant premises in the Sutton Harbour Estate.

During the last year, working in partnership with Regus, a worldwide provider of flexible workplaces, it established a high quality serviced office facility at Salt Quay House, overlooking Sutton Harbour.  Sutton Harbour Holdings Plc have also let premises on nearby Exeter Street for a new gym, and agreed new leases with Edinburgh Woollen Mill and the Marine Management Organisation.

Discontinued Activities - Transport

In 2000, Sutton Harbour Holdings plc purchased Plymouth City Airport Limited and a long lease of the regional airport.  In 2003 the company set up and operated the regional airline Air Southwest which was subsequently sold in November 2010 to Eastern Airways Internatlonal (Eastern Airways).  On 28 July 2011 Air Southwest (under the ownership of Eastern Airways) ceased flights in and out of Plymouth City Airport.

In April 2011 we announced our intention to cease operations at Plymouth City Airport by the end of 2011, due to unsustainable losses.  In August 2011 Plymouth City Council ratified the closure of the airport on 23 December 2011, following a detailed review and the commissioning of independent consultant reports.

The company is now working together with the freeholder, Plymouth City Council, to obtain best value from the former airport site through alternative uses.

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OUR DESTINATIONS

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We pride ourselves on the quality and location of our property estate. 5 Gold Anchor Sutton Harbour Marina is located in the heart of the historic Sutton Harbour. Found at the heart of Plymouth's Coastal Quarter in Millbay. 2011 has been another record year with landings of fish, crabs and scallops. Sutton Harbour in Plymouth is already one if the UK’s most attractive waterfront destinations.
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