Rushcutters Bay, The Spit marinas sold in $225m deal

Nick LenaghanProperty editor

Apr 20, 2023 – 5.00am

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ASX-listed financial services firm MA Financial has bought the d’Albora marina portfolio – it includes well-known berthing facilities at Rushcutters Bay and The Spit in Sydney – for $225 million from investment house, Balmain Corporation.

The deal follows the exit of Wall Street giant Goldman Sachs from the country’s largest institutional-grade marina portfolio last year. The US investment house’s stake was then acquired in a bridging move by its co-owner, Balmain, which has now sold the portfolio over to MA Financial.

Nick Lenaghan edits the property section, which covers all aspects, from residential real estate and housing and construction to commercial property – office, retail, industrial – and major ASX-listed developers and real estate investment trusts.