Alternative asset manager MA Financial is buying the Gold Coast City Marina & Shipyard, one of the largest such facilities in the southern hemisphere, in a deal that gives the ASX-listed investment house an entry into the international superyacht sector.
The Gold Coast City Marina is in the Coomera maritime precinct, about 60 kilometres south of Brisbane and a mecca for the local and international boating industry. It can accommodate around 100 boats in wet berths and over 280 in dry storage.
