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GLOBAL PORTS HOLDING PLC
Regulatory Filings • Oct 15, 2021
4977_rns_2021-10-15_dd19c40c-492a-4d0e-9c51-9da74199618e.html
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Global Ports Holding PLC (GPH)
Signs lease agreement for Kalundborg Cruise Port
15-Oct-2021 / 07:00 GMT/BST
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Global Ports Holding Plc
Kalundborg Cruise Port lease agreement
Global Ports Holding Plc ("GPH" or "Group"), the world's largest independent cruise port operator, is pleased to announce that it has signed a 20-year lease agreement with the Port of Authority of Kalundborg to manage the cruise services in Kalundborg Port, Denmark. Kalundborg Port will be GPH's first cruise port in North Europe, marking an important milestone in the continued development and growth of the Group.
Kalundborg is located in the north western region of Denmark and is just over one hour from Copenhagen city centre. The geographic location of the port means that it can provide cruise lines with a time saving and fuel-efficient alternative to Copenhagen Cruise Port.
Kalundborg is a cruise destination that has historically received just a handful of cruise calls per season. However, with a new 500m quay completed in 2019 and with the addition of GPH's global expertise and know-how, we expect to drive strong growth in cruise traffic at the port over the years ahead. As part of the lease agreement, subject to certain milestones, GPH will invest up to €6m by the end of 2025 into a purpose-built cruise terminal. GPH currently expects to take over cruise port operations before the end of the current financial year.
| CONTACT | ||
| For investor, analyst and financial media enquiries: | For media enquiries: | |
| Investor Relations | Global Ports Holding | |
| Martin Brown | Ceylan Erzi | |
| Telephone: +44 (0) 7947 163 687 | Telephone: +90 212 244 44 40 | |
| Email: [email protected] | Email: [email protected] |
| ISIN: | GB00BD2ZT390 |
| Category Code: | AGR |
| TIDM: | GPH |
| LEI Code: | 213800BMNG6351VR5X06 |
| Sequence No.: | 124408 |
| EQS News ID: | 1240981 |
| End of Announcement | EQS News Service |