$8 million investment to take the Sanctuary Cove marina capacity from 237 to 303 vessels
Mulpha, owner and event manager of the Sanctuary Cove International Boat Show,[’ is set to expand the Sanctuary Cove Marina in response to berthing demand for recreational vessels from 50ft up to superyachts larger than 180ft in length.
Following an $8.31million investment, the new development will take the Sanctuary Cove marina capacity from 237 to 303 vessels.
And what’s being heralded as a first for the Australian recreational marina industry, the new marina will include covered berths.
Marina general manager, Steve Sammes said: “The new facility will be a ‘signature project’, setting a new benchmark in marina design and facilities in Australia. Sanctuary Cove is uniquely positioned to offer berth holders the ultimate boating and lifestyle experience.
“Marina facilities have direct access to the Sanctuary Cove retail Village, home to one of the best dining and retail destinations on the Gold Coast, the five-star InterContinental Sanctuary Cove Resort, two championship golf courses, and the Sanctuary Cove Country club offering an outstanding range of gym, massage, pilates and fitness services, all at the fingertips of our berth holders.”
A six-star level of customer service offering will be available to further enhance the berth holders’ boating experience.
Mulpha says it has been encouraged by the continued growth of the Gold Coast marine industry. Recent announcements such as the multi-million-dollar private investment in the refit and maintenance facilities in the adjacent Coomera Marine Precinct and the Queensland government’s commitment to long-term dredging of the Coomera River demonstrate the industry’s commitment, Mulpha believes, to making the Northern Gold Coast the premium boating destination in the region.
Mulpha CEO Greg Shaw said Sanctuary Cove boasts a unique value proposition as “Australia’s best positioned marina in terms of location and facilities”.
“Sanctuary Cove is a truly integrated lifestyle resort offering the very best in Resort Hotel, retail, golf, fitness and lifestyle facilities. This unique setting also hosts an impressive calendar of events, including the annual Sanctuary Cove International Boat Show and the annual Sanctuary Cove Food and Wine Festival.
“We are confident local, interstate and international boat owners will see the benefits of leasing a berth at Sanctuary Cove and enjoying a sojourn on the Gold Coast as part of their itinerary.”
Shaw added that the marina expansion forms part on an ongoing long-term investment program to continue to enhance Sanctuary Cove facilities for the benefit all stakeholders including guests, residents and tenants.
“Extending the marina facilities will attract a new superyacht market to the destination.”
The marina expansion is due for completion prior to the 2020 Sanctuary Cove International Boat show, May 21- 24.
Mulpha is an established owner and manager of property, hotel and leisure assets, with an extensive portfolio of real estate, property development, hospitality, education, retirement and infrastructure assets. Current investments include the InterContinental Hayman Island Resort, Intercontinental Hotel Sydney, Sanctuary Cove and Intercontinental Hotel Sanctuary Cove, Bimbadgen Winery Estate, Norwest Business Park, Mulgoa Rise and Bella Vista Waters Residential Estates, The Hotel School (Sydney, Melbourne and Brisbane), Marritz Hotel and Salzburg Apartments in Perisher.