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Marina Development / Marina Operations / Investment

Batemans Bay

Project

Batemans Bay Marina Redevelopment, NSW, Australia

Commencement / Completion Date

June 2006 – Ongoing

Ownership

Ariadne Australia Limited

Nature of the Project / Investment

Marina Development / Marina Operations / Investment

Project Description and Responsibility

This site redevelopment is a fully integrated staged marine orientated development including a total of 240 wet berths and a 250 boat dry stack facility. Plans to incorporate commercial, retail, tourism precincts and 60 serviced apartments are also proposed. The development has been recognised as a State Significant Project and required a Part 3a Environmental Assessment Project Application to be undertaken. The existing facility is currently being operated and managed while awaiting the commencement of the staged project works.

David managed the acquisition, State Government negotiation, planning application, consultation and asset management on behalf of Ariadne. Project works will be delivered in a staged manner commensurate with increased cash flow returns from the redevelopment of this marina and land based buildings.

Value

$65 Million