MA Financial Group has agreed to acquire Batemans Bay Marina and Port Macquarie Marina for $20 million in response to increasing institutional demand for alternative investments.
Although yachting may seem a luxury for some, marinas stack as a defensive asset class becase the supply of berths is significantly outstripped by demand.
There was a major seizure of compressed ganja off the coast of Jamaica on Friday.
Members of the Jamaica Defence Force (JDF) Coast Guard also arrested four Nicaraguan nationals in a boat intercepted a.
The ASX-listed investment house hopes the marina’s portfolio will be a safe harbour for returns in choppy economic conditions. It is targeting a 7 per cent dividend yield.
d’Albora is Australia’s largest premium marina network consisting of 10 marinas including the iconic Rushcutters Bay and The Spit in Sydney. MA Financial