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SUTL Enterprise Unit Signs Tenancy Deal to Develop, Operate Yacht Marina

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SUTL Enterprise (SGX:BHU) unit ONE15 Marina (LGK) signed a tenancy deal with Twinmatics to develop and operate ONE°15 Marina Langkawi.

The marina will be located within Resorts World Langkawi and will provide wet berthing and yacht-related services under the ONE°15 brand, according to a Friday Malaysian bourse filing.

The unit plans to invest at least 15 million ringgit in infrastructure works, and expects the marina to begin welcoming yachts in the second half of 2027.

The project is planned to have more than 90 berths, including capacity for superyachts of up to 140 feet.

The initial tenancy runs for three years, with renewal terms of up to 20 years and an option for a further 10-year extension.

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