Rivergate Marina and Shipyard in Brisbane, Australia
Credit: Rivergate Marina & Shipyard

Rivergate Marina and Shipyard listed for sale in Brisbane

22 May 2023 • by Gabrielle Lazaridis

Rivergate Marina and Shipyard, located on the Brisbane River in Australia, is being listed for sale to facilitate the next phase of the yard's plans for expansion. 

Established in 2006, Rivergate has gained a reputation as one of the leading superyacht refit destinations in the southern hemisphere, with the aim of developing the South Pacific region into a global superyacht hub. 

The yard's facilities include two 300-tonne and 75-tonne travel lifts, a 55-metre refit shed, hardstand, berthing for vessels up to 90 metres in length, 24-hour fuel wharf with refueling at all hours, 20 world class marine trades on site and a 105-berth marina. In early 2022, the Brisbane City Council approved Rivergate's $200 million AUD superyacht expansion plan with the promise of significant knock-on effects for the local tourism economy, as explained by Rivergate Marina director Tom Hill at the time. 

The project would add a state-of-the-art 3,000-tonne ship lift, SPMT (self-propelled modular transporter) system, more open hardstand space, refit sheds, a support building and in-water service berths to the existing site, raising Rivergate's servicing capacity to 60 superyachts per year. 

Credit: Rivergate Marina & Shipyard

“Australia is ideally placed to take more advantage of the buoyant global superyacht market, which has seen substantial pent-up demand to visit our region if there was more capability to service vessels over 50 metres,” Hill reasoned.

The expansion will also ensure that the region's maritime industry is prepared to host an expected 200 superyachts for the 2032 Brisbane Olympic and Paralympic Games.

“With our strong global brand, highly experienced management team and staff in place and track record of successfully servicing hundreds of superyachts and commercial vessels over the past 17 years, Rivergate represents a rare market opportunity,” Hill said of the announcement.

"This has been a difficult decision for our family-owned business, but we believe the time is right for a new owner to continue our work and oversee the next exciting phase of the Rivergate story."