Listed alternative asset manager MA Financial (ASX: MAF) has taken a dive into the buoyant marine sector with the $225 million acquisition of Sydney-based Balmain Corporation’s d’Albora Marina portfolio.
The d’Albora Marina assets, comprising 10 properties in Queensland, NSW and Victoria, will seed a new investment vehicle to be known as the MA Marina Fund, indicating that MA Financial plans to grow its investment in the sector.
Balmain acquired the bulk of the d’Albora portfolio, the largest marina group in Australia, from Dreamworld owner Ardent Leisure Group (ASX: ALG) in 2016 for…
