Marina

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The Pelican Waters marina precinct has been granted official council approval, setting the world class project on course for a late-2020 launch date.
Representing the first project of its kind in decades for Southern Queensland, the multi-million dollar development will encompass a fully-functioning marina and boatyard, dry stacker with 160 spaces for boats up to 10m long plus 125 wet berths catering for vessels up to 13m.
Associated facilities and services will include a boat lift, shipwright, marine mechanics and electricians, anti-fouling service, boat detailing, fully equipped chandlery and amenities such as café, users’ lounge and the southern region’s only on-water fuel dock offering both unleaded and diesel fuels. 
General Manager of Development for Pelican Waters, Hamish Pressland, said the project would reshape the southern Sunshine Coast as a premium lifestyle and visitor destination.
Radiating out from the marina hub will be a waterfront village incorporating a vibrant mix of restaurants, cafes, retail and commercial businesses.
“Located in the heart of a lively built-up environment and completely protected from seas and wind, the floating wet berths are serviced with power and water and monitored by full CCTV security,’’ Mr Pressland said 
“The dry stack option takes the hassle out of boating, with a simple phone call beforehand being all that is required to have a vessel prepared for a day on the water. Wash down and engine flush services will also be available and unlimited boat lifts are included in each leasing fee.
“We anticipate construction to start in last quarter of 2020, ahead of the official opening in 2021,’’ he said. 
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Expressions of interest are open on a range of leasing opportunities for boat owners requiring state of the art wet or dry storage options for their vessels, plus multiple business opportunities to operate in a unique waterfront setting. 
The marina is being developed with joint venture partner and marine industry expert Les Binkin, the operator of two of Australia’s best privately-owned marinas in Lake Macquarie and Gosford.
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Pelican Waters Marina officially launched

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Cameron’s Marina, located on the Balmain Peninsula, has been listed for sale.
The 1880s marina is offered with $6 million-plus hopes with adjoining freehold waterfront land.
Its original boat shed burnt down in 1983 and was replaced in 1985.
The marina currently has between 12 and 20 fixed berths (depending on vessel size), a work berth, slipway and 21 swing moorings.
The berths and moorings are on a “wet lease” to the NSW Roads and Maritime Services until 2037.
The moorings generated a net profit of $159,844 in 2018.
Cameron’s Marina, <a href="https://www.commercialrealestate.com.au/property/5a-phoebe-street-balmain-nsw-2041-2015294243">located at 5a Phoebe Street, is being sold by expressions of interest which close on July 4.</a>
It was purchased in the early 1960s by Peter Cameron.
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Cameron's Marina in Balmain listed for first time since 1960s

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Two marinas situated on the Central and Mid North Coast of NSW have been listed through Knight Frank’s Richard Garland and Anthony Pirrottina.
Together, the two properties – Koolewong Marina and Marmong Point Marina – are expected to sell in excess of $29 million.
Marmong Point Marina (pictured above), at 1 Nanda Street, Marmong Point, is located on Lake Macquarie, and is one of the longest boating destinations in NSW. 
The facility comprises of approximately 50,000 square metres, including 10,000 square metres of freehold service yard and 235 wet berths. 
Koolewong Marina (pictured below), located at 19 Brisbane Water Drive in Koolewong on the NSW Central Coast, spans circa 15,725 square metres of wet and dry land. 
Koolewong has a secure new ground lease with a 30-year lease term from 2019.
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According to Richard Garland, Knight Frank Director, Commercial Sales, NSW, the marinas will receive strong interest from marina owners and investors, both nationally and internationally due to the ideal locations, established cash flow and significant value add potential.  
“Marmong Point Marina’s current owners, developed and operated this premium market leading marina for over 14 years on Lake Macquarie.
“The marina, the two-storey commercial building and single level industrial building are close to 100% occupancy, with an experienced and well-structured management team in place to run the day-to-day operations. This provides the new owner with an income stream, in addition to the numerous opportunities to add value through development and expansion, available under the current zoning.” 
Koolewong Marina is situated in a highly desirable location within close proximity to a number of major residential hubs, strengthening future value add potential, according to Anthony Pirrottina, Knight Frank Senior Sales Executive, Commercial Sales, NSW.
“The marina comprises 71 wet berths along with a two-storey commercial building and 45 car spaces. While the new 30-year ground lease that commences this year provides long-term secure tenure for prospective buyers.
“Gosford and the NSW Central Coast remain one of the fastest growing population precincts in NSW, underpinning demand well into the future. Particularly given the marina’s proximity to the Koolewong Train Station and direct access to the Central Coast Highway 
“We anticipate both marinas will appeal to a wide range of owner operators and investors and as they present an excellent opportunity to acquire an investment with reliable income and upside potential.” 
1 Nanda Street, Marmong Point, and 19 Brisbane Water Drive, Koolewong, are for sale via Expressions of Interest, closing on 19 June 2019. Buyers can purchase either or both marinas.
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Two NSW marinas hit the market

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Crystalbrook Collection have bought The Reef Marina in Port Douglas and have announced its intention to invest more than $100 million into the marina.
Now to be known as Crystalbrook Superyacht Marina, it sits at the gateway to the Great Barrier Reef and is Queensland’s northernmost marina.
Crystalbrook Collection owner Ghassan Aboud said the group believes they can redefine the Australian marina experience and ensure Port Douglas is an essential-visit location for high-end global travellers.
The expansion of the Marina will include an additional 24 berths to the existing 132 berths welcoming superyachts of up to 50 metres in length.
Central to the expansion is the creation of a world-class hotel.
Crystalbrook Collection CEO Mark Davie suggests the site demands a hotel of the highest calibre.
“We have been travelling the world for inspiration," he said.
"We want to bring to Port Douglas a globally recognized hotel and an incomparable experience for its guests.”
Construction of the luxury hotel and residences is expected to commence in mid-2018, subject to Government approvals, with completion anticipated in 2020.
Douglas Shire Mayor Julia Leu said she was excited to see investment coming to the region.
The work is expected to generate more than 600 jobs during construction and around 240 permanent jobs post completion. Prime Group has been appointed to project manage and construct the expansion.
This will be the fourth development in Queensland for Crystalbrook Collection, which already has three hotels in Cairns under construction with an investment of more than $370 million.
The group also owns and operates Crystalbrook Lodge, a member of Luxury Lodges of Australia, and MV Bahama, a 27-metre luxury motor yacht berthed at Crystalbrook Superyacht Marina.
 
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Port Douglas’ Reef Marina bought by Crystalbrook Collection

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Balmain Corporation has completed the purchase of D’ALBORA Marinas from Ardent Leisure.
The deal was valued at <a href="https://www.urban.com.au/expert-insights/investing/63288-ardent-leisure-sells-its-1300-dalbora-marina-berths" target="_blank">$126 million</a> when it was announced last year.
Goldman Sachs and Sydney‐based commercial property lender and fund manager Balmain Corporation formed a joint syndicate to buy the portfolio from Ardent Leisure.
D’ALBORA Marinas comprises seven marinas at Rushcutters Bay, The Spit and Cabarita Point in Sydney, two marinas adjacent to the Melbourne CBD and two at Nelson Bay and Akuna Bay, north of Sydney.
The marinas currently offer boat users 1,700 berths alongside more than 200 retail outlets, providing a various amenities.
The acquisition bolsters Balmain’s current maritime portfolio which includes Martha Cove, Horizon Shores and Port of Airlie. 
The combined group will have 3,000 berths spanning the eastern seaboard of Australia.
“Our strategy is to change the way marinas operate in Australia by significantly deepening the customer service offering,“ said Andrew Griffin, CEO of Balmain Corporation. 
“Marina customers should be entitled to be treated like hotel guests and the breadth of our holdings will allow us to start this journey for D’ALBORA customers. 
He added that Balmain Corporation will set up concierge/valet services, food and beverage and upgrade amenities at its marinas.
Building upon their maritime expertise over the past decade, Balmain anticipates a smooth transition for D’ALBORA’s staff, customers, tenants and suppliers.
Brett Bolton will remain as CEO of D’ALBORA.
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Balmain Corporation completes acquisition of d'Albora Marinas 

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Ardent Leisure has sold the d'Albora Marinas portfolio for $126 million.
It has been bought by a jointly owned syndicate headed by Goldman Sachs and Sydney‐based commercial property lender and fund manager Balmain Corporation.
The sale of the country's largest marina portfolio was at a 11 per cent premium to its current book value of $113.5 million.
It was listed in March as Ardent's focus is on its Main Event entertainment operation and theme parks.
The company also sold its health clubs earlier this year.
The portfolio comprises seven high-profile marinas with more than 1300 berths at Rushcutters Bay, The Spit and Cabarita Point in Sydney, two marinas adjacent to the Melbourne CBD and two at Nelson Bay and Akuna Bay, north of Sydney.
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<div>The portfolio delivered earnings before tax of $10.2 million in FY16 representing a yield of more than 8 per cent.</div>
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<div>Balmain Corporation, which has more than $6 billion of assets under management, has partnered with Goldman Sachs on a number of acquisitions including the $43 million deal to buy the Martha Cove Marina project on the Mornington Peninsula last year.</div>
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<div>Ardent has also agreed to complete $5.6 million of pre‐planned capital expenditure projects.   </div>
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"The group's decision to prepare d'Albora Marinas for sale with extended lease tenure, targeted capital works and a transparent sale process has ensured that the maximum value for investors has been realised," Ardent chief executive Deborah Thomas advised.
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The sale of the d'Albora Marinas was handled by McVay Real Estate marketing it as representing over 1,300 berths, substantial water and land leases along with development opportunities. 
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Ardent Leisure sells its 1,300 d'Albora marina berths

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The 479-berth Mackay Marina is on the market. The marina - twice winner of the MIA's Marina of the Year award – plus the adjacent waterfront commercial village and shipyard is being sold by Brisbane-based developer, Port Binnli Group.
It established the facility in stages during the early 2000s.
The sale is being handled by Resort Brokers Australia agent Trudy Crooks, according to the marinebusiness.com.au website.
Located midway between Brisbane and Cairns, the Mackay Marina and adjacent properties cover almost 25 hectares, including the 20.8-hectare marina basin on a 99-year seabed lease (expiry 2098), along with freehold land covering four hectares.
Port Binnli Group, headed by directors Malcolm Hall-Brown, Peter Hooke and Neil Morris, recently sold Raby Bay Marina on Brisbane’s bayside.
The company is now focused on a $1 billion master-planned community on Brisbane’s north side, incorporating the Northeast Business Park and 1,500-lot North Harbour residential and marina precinct, in partnership with the construction giant Laing O’Rourke.
Expressions of interest for Mackay Marina close November 11 with around $38 million tipped.
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Port Binnli Group's 479-berth Mackay Marina listed 

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Pelican Slipway in Queensland's Redland Bay is listed for sale.
Established in 1949, the business at <a href="https://www.realestate.com.au/property-other-qld-redland+bay-118637371" target="_blank">293 Esplanade</a> sits on 1,326 sqm of waterfront land with an adjoining 720 sqm seabed lease and 20 metre pontoon.
Recent extensive renovations included a 40 seat café and restaurant and the approved 200 berth Weinam Creek Marina. 
The property also has one bedroom and one bathroom. 
LJ Hooker Redland Bay agent Colin Walters has the listing.
The holding last traded for $500,000 in 2006.
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Pelican Slipway in Redland Bay listed

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Wyndham Harbour Marina, on the western shores of Port Phillip Bay near Werribee in Melbourne, was declared officially open recently.
Welcoming the event, the Boating Industry Association of Victoria (BIAV) said it was a major indication of the importance of residential marina developments to the Victorian economy.
"The marine sector in this state as an industry is worth $4.5 billion to the Victorian economy and provides over 17,700 FTE jobs," said Steven Potts, chief executive of the BIAV.
The projected increase of the population in the central coast area of Victoria, including Port Phillip and Western Port, to nearly 8 million by 2050 from 4.6 million, will see a doubling of boating activities and boost Victoria's 'Blue Economy'.
<img src="/images/2016/04/22/Screen%20Shot%202016-04-22%20at%208.42.35%20PM.png" alt="">
Potts said developments such as Wyndham Harbour Marina provide a pathway for the private sector to assist in development of Blue Infrastructure, for which the Victorian government or local councils do not have sufficient funds.
The event was attended by Hon. Tim Pallas, State Treasurer.
There are over 172,000 registered boats in Victoria, and with a rapidly growing population, the number of boats in the State is set to double due to increases in population and pressure on green space, seeing the community turning to the blue space of Port Phillip and Western Port Bays.
 
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New Wyndham marina in Melbourne expected to boost Victorian economy

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Entrepreneur Mark Carnegie is looking at buying Ardent Leisure's marinas business as auctioneer McVay Real Estate works on the information memorandum's release.
The Australian Financial Review's Street Talk column revealed Carnegie's firm M.H. Carnegie &amp; Co is preparing its own search for an equity partner willing to team up on a bid.  
"We would be very interested in speaking to an international party working on this as we believe we are strategically well placed," Carnegie told Street Talk. 
M.H Carnegie already owns Breakwater Marina in North Queensland.
Ardent's marina come with a $115 million book value unit. 
Ardent's d'Albora Marinas business is the largest marina group in Australia with seven sites including three on Sydney harbour. 
Private equity giant The Carlyle Group is one of the parties circling the theme park, marina, bowling centre and gym owner, <a href="/expert-insights/investing/51935-ardent-leisure-s-marinas-for-sale" target="_blank">Ardent Leisure</a>. 
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