The MA Marina Fund has acquired East Coast Marina in Manly, expanding d’Albora’s network to 13 premium marina locations across the southern hemisphere.
Strategic Expansion
MA Financial Group, a leading global alternative asset manager, has strengthened its presence in the marine sector by adding East Coast Marina to its portfolio. Located approximately 20 kilometres from Brisbane CBD, within Manly Boat Harbour—the largest small-boat harbour in Australia—the marina integrates 535 berths, comprising 295 wet berths and 240 premium dry storage racks.
The acquisition increases d’Albora’s capacity and enhances its offering of full-service facilities including a boatyard, commercial tenancies, waterfront dining, and an on-site marina office complemented by ample parking.
This strategic move is poised to reinforce d’Albora’s stature as Australia’s largest full-service marina network, providing comprehensive marine services in Queensland, New South Wales, and Victoria.
Commitment to Sustainability and Innovation
East Coast Marina stands out not only for its scale and quality of facilities but also for its commitment to environmental sustainability. The site boasts significant investments in water recycling for boat washing and landscape irrigation, alongside nearly 300 solar panels that generate renewable energy, underscoring MA Financial Group’s dedication to sustainable development within its real estate assets.
Julien Pouteau, Managing Director of d’Albora, expressed enthusiasm about the acquisition’s potential to broaden their market reach.
“This latest addition to the network in Southeast Queensland will provide even more opportunity for our brand, allowing d’Albora services and customer benefits to be experienced by more of the Australian boating public,” said Ms Pouteau.
Echoing this sentiment, Julian Biggins, Joint CEO of MA Financial, highlighted the strategic alignment of the purchase with the company’s growth objectives.
“We are delighted with the acquisition of East Coast Marina. The purchase aligns with the MA Marina Fund’s growth objectives and is driven by significant investor demand for exposure to alternative real estate assets,” Mr Biggins stated.
About MA Financial Group
MA Financial is a diversified global alternative asset manager specializing in private credit, real estate, and hospitality. The firm manages $9.6 billion on behalf of clients, is responsible for over $112 billion in managed loans, and has advised on over $120 billion in advisory and equity capital market transactions. With a robust team of over 600 professionals, MA Financial maintains a formidable presence across Australia, China, Hong Kong, New Zealand, Singapore, and the United States.
Published 23-May-2024
