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2016 September October Marina World

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No Substitute For Excellence THE WORLD’S MOST COMPREHENSIVE MARINA BUILDER C: 0 M: 0 Y: 0 K: 70 Pantone 295 CVC C: 0 M: 0 Y: 0 K: 100 Pantone DS 214-2 C

WORLD NEWS Expansion begins at Sydney marina AUSTRALIA: A million redevelopment plan for Sydney Superyacht Marina has been approved by the NSW Planning Assessment Commission. The project, which is now under way, will add a wealth of new amenities to the site and include an uninterrupted public promenade fronting Rozelle Bay. Permission has been granted for the existing pontoon arrangement to be amended to accommodate a wider Chinese company invests in resort development PORTUGAL: Macau Legend Development Ltd, one of the leading owners of entertainment and gaming facilities in Macau, has entered into a Memorandum of Understanding (MoU) with the Setúbal Municipality for the proposed development of an integrated leisure, tourism and entertainment project. The first phase of the project will include a hotel, shopping area, residential area, marina, car park, multisport pavilion and a gaming arcade with slot machines. Macau Legend is forming a joint venture with three Portuguese companies – Fundo Aquarius, Amorim Turismo and B&G – for the project. Mayor of Setúbal, Maria das Dores range of vessels and for a multilevel car park and two new buildings. The latter will house superyacht associated businesses, crew facilities, a superyacht club, marine offices, retail outlets and various cafés and restaurants. Meira, said: “The signing of the MoU represents an important step in achieving the strategic goal of promoting tourism and investment to Setúbal and increasing employment opportunities. This project will lead to a profound and substantial transformation of the riverfront usage and help attract Chinese and other Asian tourists.” Further growth for Suntex USA: Suntex Marina Investors has acquired Kentucky Dam Marina and Crosstimbers Marina to boost its portfolio of owned or managed marinas to 31 properties. Kentucky Dam Marina, 25 miles (40 km) east of Paducah, is the largest marina on Kentucky Lake. It has 400 annual slips ranging from 30 to 100ft (9 to 30.5m), transient slips, pump-out, boat rentals and storage. The property will be managed by Anchor South Investments, a whollyowned Suntex subsidiary. Crosstimbers Marina is just 18 miles (29km) north of Tulsa on the eastern shore of Skiatook Lake. It is widely considered to be the most prestigious marina in northeast Oklahoma. Suntex has purchased the resort’s 517 slips, marine store, award-winning restaurant, dock shop, service building, trailer storage and rental cottages. The company intends to invest in the physical assets of the facility and add new rental boats, amenities and events to expand and enhance the overall customer experience. Upgrades to the marine store with increased merchandise are already planned and a Suntex Boat Club is scheduled to be introduced next season. EXPERIENCE INTEGRITY PASSION VISION LEADERSHIP C: 0 M: 0 Y: 0 K: 70 Pantone 295 CVC C: 0 M: 0 Y: 0 K: 100 Pantone DS 214-2 C - September/October 2016 7

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