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2017 March April Marina World

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Ardent sells d’Albora Marinas AUSTRALIA: Ardent Leisure Group has sold the d’Albora Marinas portfolio to a special purpose vehicle jointly owned by Sydney-based Balmain Corporation and Goldman Sachs for AU6 million. The sale price represents an 11% premium over current book value of AU3.5 million. The transaction follows an open expression of interest sale process and completion is expected to occur before 30th June. It is dependent upon securing landlord consents for the transfer of the head leases. The sale process incurred transaction costs of approximately AU.3 million and a commitment to complete approximately AU.6 million of preplanned capital expenditure projects prior to completion. Ardent Leisure Group CEO, Deborah Thomas, said: “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. The agree sale price of AU6 million represents a premium to current book value and will improve the balance sheet capacity of the Group.” WORLD NEWS Marina plans at IBEX USA: The 27th International Boatbuilders’ Exhibition & Conference (IBEX), to be held 19th-21st September in Tampa, Florida plans to offer more exhibits, expanded water demonstrations, technical education seminars and more international participation. One of the new moves is to introduce a Marina & Yard Pavilion. “We have been working diligently on planning and creating new and exciting feature areas for the 2017 event,” said IBEX show director, Transit berths in Oban UK: Gael Force Engineering has been awarded a contract to build a new transit berthing facility in Oban, Scotland. The company will employ Gareloch Support Services and Oban-based North West Marine as its main subcontractors. The project also includes construction of a visitor facility with a harbourmaster’s office, toilets, showers, lockers and a changing area, as well as commercial space for rent. The berthing facility, designed by Gael Force, comprises 36 finger-berth pontoons and a concrete floating breakwater to provide flexible short-stay capacity for vessels of various sizes. The company is also supplying all the mooring requirements. Gael Force managing director, John Offord, said: “We’re delighted to be involved in this very exciting and prestigious project. As a sailor who lived in the area for many years, I firmly believe the new facilities will be a great asset to the town and will be welcomed by the yachting and wider marine community.” With around 15 ships a year visiting Oban and passengers having to take tenders to the shore, the creation of better facilities will make it easier for people to access the town. The first class visitor facility will also cater for kayakers, yachts, tour operators and sea-life enthusiasts. Anne Dunbar. “In an effort to better serve our current marina and yard attendees, we are creating a dedicated pavilion to showcase the new product and technology development in this important sector of our industry.” IBEX is owned and organised by the National Marine Manufacturers Association (NMMA) and RAI Amsterdam. EXPERIENCE INTEGRITY PASSION VISION LEADERSHIP THE WOR COMPREH - March/April 2017 7

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