Rivergate Marina and Shipyard for sale

Family-owned Rivergate Marina and Shipyard has been put on the market in anticipation of the arrival of the next wave of the fast-growing superyacht industry.

Rivergate has previously announced plans for a $200m expansion backed by an expected surge in superyacht visitation to the South Pacific region.

Industry sources say the freehold and going concern opportunity could sell for around $50m.

Rivergate director Tom Hill said selling was a difficult decision for the family business.

“But we believe the time is right for a new owner to continue our work and oversee…

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