Boat builder invests in Australian manufacturing

The chairman of luxury boat building company Riviera will purchase the company’s 14-hectare Coomera facility on Queensland’s Gold Coast.

SailWorld.com reports that Riviera chairman and owner Rodney Longhurst’s family will buy the facility which is the largest luxury boat building facility of its type in the Southern Hemisphere.

Longhurst purchased Riviera in March last year. At the time of purchase, he agreed to a long term lease with the option to buy the property.

Longhurst has spent the past 14 months restructuring the business. The purchase of the property and all of its capital improvements will be completed before June 30.

He said that the purchase cemented Riviera’s future in building boats in this country and that it would drive the company’s export markets.

“Last financial year Riviera exported 56 per cent of its total production, which is a staggering result given the dollar was above parity during this period with the US and the overall impact of the GFC on the market globally,” Longhurst said.

"Riviera continually sources expertise and components from around the world. Many high quality master crafts people are drawn to live in Australia. I believe in South East Queensland’s and Australia’s manufacturing future, which is why we have undertaken this considerable investment."

Riviera offers 15 different models from 36 to 75 feet across three model series Flybridge, Sport Yacht and the new SUV collection.

In addition , the company offers the bespoke Motor Yacht line, Belize Motoryachts. This line includes the recently released 52 foot Sedan and Daybridge models.