MA Financial Group has agreed to acquire Gold Coast City Marina & Shipyard, complementing its existing portfolio of 16 d’Albora marinas.
Gold Coast City Marina, located in Coomera, Queensland, accommodates around circa 100 vessels in wet berths and more than 280 in dry storage.
The facility also includes approximately 30,000sqm of marine industrial tenancies, including four superyacht sheds and around 35,000sqm of hardstand.
The marina attracts both domestic and international clients, and is one of the largest diversified marina and shipyard operations in the Southern Hemisphere.
The addition of Gold Coast City Marina further diversifies MA Financial’s marina services and will enhance d’Albora’s network connectivity and provide exposure to the superyacht servicing segment.
It is a highly complementary addition to our existing portfolio and aligns with our strategy of growing a high-quality east coast marina platform.
Brad Couper
The Group says the acquisition reinforces its strategy to acquire quality marine infrastructure assets that demonstrate established earnings with the potential for long term growth.
“This acquisition delivers significant capability to the d’Albora network, and represents a meaningful addition to the fund,” said MA Financial’s head of alternative real estate, Brad Couper.
“Gold Coast City Marina offers operational diversification across berthing, refit and marine services, tenancy revenue and hardstand offerings.
“It is a highly complementary addition to our existing portfolio and aligns with our strategy of growing a high-quality east coast marina platform.”
Established earnings
The MA Marina Fund acquired the d’Albora network in 2023. The portfolio includes a number of marinas including Rushcutters Bay, The Spit and Cabarita Point in Sydney Harbour, alongside assets near Melbourne’s CBD and key regional hubs including Nelson Bay and Akuna Bay in New South Wales.
“Marinas represent defensive, cash-generative assets that have delivered consistently strong returns for our investors,” said joint chief executive officer of MA Financial, Julian Biggins.
“Gold Coast City Marina adds a strategically located operation with established earnings to the portfolio.”
He added: “We have strong conviction in the long-term fundamentals of Australia’s marina industry.
“Demand for premium berthing and servicing remains firm, supported by growth in recreational boating activity and increasing demand for integrated marine services.
“Assets of this size and quality are tightly held and we will continue to allocate capital where see durable earnings and clear growth pathways.”
