Processing timeline
23
days
Acquirer(s)
MA MARINA FUND HOLDCO PTY LTD ABN - 96 667 241 385, MA MARINA FUND TT PTY LTD ABN - 65 666 902 245
Target(s) or Vendor(s)
GGC Marketing Pty Ltd ABN - 32 105 294 228, QUEENSLAND & PACIFIC PTY. LTD. ABN - 72 081 370 685, GOLD COAST CITY MARINA PTY LTD ABN - 42 083 695 283, XYZ Investments Pty Ltd ACN - 010 149 943
Other parties
MA ASSET MANAGEMENT LTD ABN - 93 142 008 535, MA MARINA FUND OPCO NO. 1 PTY LTD ABN - 59 667 243 601, MA FINANCIAL GROUP LIMITED ABN - 68 142 008 428, MA INVESTMENT MANAGEMENT PTY LTD ABN - 85 621 552 896, MAAM HOLDINGS PTY LTD ABN - 92 621 215 450
MA Marina Fund Holdco Pty Ltd and MA Marina Fund TT Pty Ltd, controlled by MA Financial Group, acquired 100% of the real property and business assets of Gold Coast City Marina. This asset sale expands MA Marina Fund's existing portfolio of 16 marinas in the boatbuilding and water transport support services industry.
MA Marina Fund Holdco Pty Ltd and MA Marina Fund TT Pty Ltd (together, the Acquirers ) propose to acquire 100% of the real property and business assets (both tangible and intangible) of the Gold Coast City Marina ( Gold Coast City Marina ). The Acquirers are indirectly solely controlled by funds managed by MA Financial Group Limited ( MA Financial ). The Acquirers are part of the MA Marina Fund, managed by entities held by MA Financial, which invests in and operates marinas. The MA Marina Fund currently operates a portfolio of 16 marinas located along Australia’s eastern seaboard under the ‘d’Albora’ brand ( MA Marina Portfolio ). The MA Marina Portfolio includes 2 marinas in south-east Queensland – the Pacific Point Marina in Steiglitz on the Gold Coast, and the East Coast Marina in Manly, Brisbane. Each marina in the MA Marina Portfolio operates as an integrated marina services facility combining vessel storage, maintenance and associated commercial uses. Marinas in the MA Marina Portfolio typically provide wet berthing and other ancillary marina services including dry storage, boatyard storage, marine workshop and industrial leasing, and marine fuel. The Gold Coast City Marina is a full-service marina and marina industrial facility located in Coomera, Queensland. It provides wet berthing and other ancillary marina services including dry storage, boatyard storage, marine workshop and industrial leasing and marine fuel.