MA Financial swoops on 10 marinas

The marinas (shaded) at Rushcutters Bay and Docklands.

MA Financial has snapped up 10 marinas – the majority in New South Wales – for a trust it is now seeking investors for.

The ASX-listed group is paying $225 million -reflecting an eight per cent yield – for the assets, known as the d’Albora portfolio.

The vendor was Balmain Corporation which, with Goldman Sachs, acquired seven of them from Ardent Leisure Group for $126m in 2016.

“The acquisition will seed the newly launched MA Marina Fund, a closed ended multi-asset fund that will provide investors with exposure to…

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