MA Financial, an alternative asset manager specializing in private credit, real estate and hospitality, has expanded its portfolio with the A$33 million ($22 million) acquisition of East Coast Marina in Queensland, Australia.
Nested between the Royal Queensland Yacht Squadron and Wynnum Manly Yacht Club, the marina is composed of 330 marina berths and dry storage for 240 vessels, as well as 595 square meters (6,404 square feet) of commercial space and parking for 160 vehicles, according to Business News Australia.
East Coast Marina is the 13th marina property to join the MA Marina Fund portfolio, after a A$20 million ($13 million) deal for marinas at Batemans Bay and Port Macquarie that was announced in October 2023.
East Coast Marina is the 13th marina property to join the MA Marina Fund portfolio, following a A$20 million ($13 million) deal for marinas at Batemans Bay and Port Macquarie that was announced in October 2023. The MA Marina Fund provides e