Ten exclusive east coast marinas sold in major $225m deal

The nation’s largest portfolio of marinas, stretching from Melbourne to Queensland’s sleepy Airlie Beach will seed a new closed-ended fund.

Consisting of ten properties, the d’Albora marinas, including the The Spit in Sydney, Cabarita Point in the inner west and Rushcutters Bay, have been purchased for $225m by diversified financial services firm MA Financial and will seed the new MA Marina Fund.

MA Financial has purchased the entire portfolio from Balmain Corporation with the assets including marinas at Cabarita Point in Sydney, two marinas adjacent to the…

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