Azzura accelerates expansion
Azzura Marine has finalised an agreement with Sensation Yachts to acquire its business assets and take over its facility at 50 Fitzroy Street, Carrington, New South Wales.
'Principal of Azzura Marine, Iain Murray forecasts the Carrington facility will become a thriving superyacht hub.'
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The agreement enables Azzura Marine to continue using the facility for its existing refit and repair projects and allows the group to commence building superyachts in Newcastle, earlier than anticipated.
Principal of Azzura Marine, Iain Murray AM, said he was excited at the prospect of being able to bring forward plans to further expand the group's marine interests and to make the most of the present market momentum.
"Securing the site will allow Azzura Marine to complete our current refit and repair works but also aggressively pursue other opportunities that would not have been possible without the availability of this type of facility and infrastructure.
"The foundation of this agreement provides a positive step for renewed activity on the site and will generate an immediate influx of work, with employment in the short term expected to reach over 100 staff under the direction of Azzura Marine."
The global market demand for the construction and refit/repair of superyachts has flourished over the recent years however growth of this market in Australia has been restricted by the lack of suitable shipyards.
Azzura Marine expects to position this precinct as an internationally recognisable hub for superyachts in Australia.
The site has an impressive list of characteristics including deep water access, 240 meters of wharf space, 900T lifting capacity, a large 120x45 meter single span construction hall and associated workshops, all of which will allow for unique client offerings and experiences.
Azzura Marine has embarked on this initiative in addition to fulfilling its current obligations in redeveloping the former State Dockyard at Dyke Point, also in Newcastle.
Azzura Marine currently has two other boat building facilities in Australia producing a range of high quality motor and sailing yachts including the Azzura Yacht, Marten Yacht and Sydney Yacht brands.
More at www.azzuramarine.com
by Azzura Marine 
Perth, WA
