Brokerage news

Northrop & Johnson has announced the availability of Ava Kando110/3, Hull 3 by Ava Yachts, now on the market for EUR15,450,000 through Yacht Broker Deniz Kaymaz. This exquisite 34-meter long-range explorer yacht is currently under construction and is set to be delivered within 12 months.Designed for the discerning adventurer, Ava Kando110/3 combines luxury and performance, making it an exclusive listing worldwide, except in the Americas. The yacht's steel hull has been expertly joined with its aluminum superstructure, and significant construction progress is underway. Potential buyers have the unique opportunity to customize the interior design to their personal taste during the ongoing customization process.With a remarkable 320 GRT, Ava Kando110/3 is built for extended voyages, offering an impressive range of up to 6,500 nautical miles – ideal for exploring remote and untouched destinations. The yacht features sleek, modern exterior lines that lend it a contemporary aesthetic, while the generous interior and exterior spaces ensure unparalleled comfort and versatility for guests. With a beam of 7.8 meters, it boasts a spacious and luxurious environment throughout. Notably, the flybridge is a standout feature, complete with a fully equipped bar, a hot tub with glass-panel windows, and stunning panoramic views, making it perfect for hosting and relaxation at sea.Accommodating up to 12 guests, Ava Kando110/3 includes beautifully appointed cabins, featuring a lavish master suite and guest cabins—each with ensuite facilities for added privacy and convenience. With a dedicated crew of up to seven, the yacht promises impeccable service and seamless operations during every journey.Equipped with Side-Power stabilizers, Ava Kando110/3 ensures comfort during cruising and at anchor, providing a smooth and enjoyable experience on the water. Its high-performance Volvo-Penta D16MH engines, along with hydraulic bow and stern thrusters, facilitate effortless maneuvering while maintaining fuel efficiency and power for long-range expeditions.Ava Kando110/3 represents an extraordinary balance of adventure and personalized design, making it the perfect choice for those in search of a stylish, high-performance yacht ready to explore the world's most captivating and remote destinations.AvA Yachts was established in 2005 as a naval architecture and engineering company by a group of naval architects who have experience of more than 25 years in the yacht design and engineering field. Ava Yachts has developed and engineered the designs of many remarkable yachts in a wide variety. Today AvA Yachts, with more than 5000 sqm closed yard based in Antalya.Credits: AvA Yachts

FARO Alternative Investments, through its Real Economy sub-fund and in collaboration with advisory firm Orienta Capital Partners, has finalized the acquisition of Sunseeker International (Holdings) Ltd., a prestigious British shipyard celebrated for its production of high-performance luxury motor yachts. The acquisition marks the transfer of ownership from the Chinese industrial giant Dalian Wanda Group.94 Yacht The acquisition of 100% of Sunseeker is a significant milestone for FARO Alternative Investments, an innovative platform focused on creating value through a unique ecosystem of expertise and networking for investors and stakeholders. The transaction was supported by Miami-based investment firm Lionheart Capital alongside a club deal orchestrated by Orienta Capital Partners.Located in Poole, Dorset, Sunseeker has over five decades of experience in crafting top-tier yachts and is widely recognized as a pioneer in the luxury yachting industry. The shipyard generated approximately £320 million in sales in FY 2023, primarily from yachts measuring between 15 and 50 meters. Sunseeker currently boasts an order book valued at around £540 million (€640 million) and is set to expand its offerings by focusing on the development of high-end superyachts.Predator55Giancarlo Galeone, Chairman of FARO Value and lead advisor for FARO Alternative Investments SCSp SICAV RAIF, expressed enthusiasm about the acquisition, stating, “We are thrilled to embark on this new chapter alongside Sunseeker. Our established expertise in the nautical sector, paired with our longstanding relationship with the CEO, will further enhance the shipyard’s identity and craftsmanship, steering the brand towards our ambitious growth objectives. Sunseeker will maintain its British identity, continuing operations from its headquarters in Poole, where its production, workforce, and infrastructure are based.”Predator55Andrea Frabetti, CEO of Sunseeker, expressed confidence in the new ownership structure, stating, “We are confident that through this new ownership structure, Sunseeker will be able to grow and reach new milestones. Our goal will remain to build exceptional yachts that embody luxury, performance, and innovation, while honoring the legacy and vision of our founders.”FARO Alternative Investments SICAV RAIF (“FARO”) is an alternative investment fund operating through a globally active scalable platform with diversified strategies, mainly in Private Equity and Venture Capital. Orienta Capital Partners is an investment firm based in Milan, Forlì and Reggio Emilia, specializing in cross-industry transaction as lead investors, focusing on high-growth potential SMEs.Credits: Sunseeker

Quick Group is making waves in the US market. Headquartered in Italy, Quick has established its reputation in the yacht and superyacht industries by partnering with premier boatbuilders globally. With the 2024 Fort Lauderdale International Boat Show as the backdrop, Quick USA is excited to introduce three newly acquired brands – Sanguineti, Nemo, and Xenta – enhancing its product portfolio and commitment to the American boating community.Spotlighting the Brands Each of the three brands offers unique contributions to the marine industry. Xenta is dedicated to improving onboard maneuverability with its cutting-edge control systems. Nemo specializes in essential products like portlights and hatches, recently unveiling the first-ever pantograph door featuring an active compressed-air seal. Meanwhile, Sanguineti boasts over 50 years of artisanal craftsmanship, providing bespoke hydraulic and electric motion systems, including gangways and ladders – all tailored to meet the specific needs of yacht owners or shipyards.Marco SantoroMarco Santoro, Managing Director of Quick USA, notes, “Sanguineti, Xenta, and Nemo deliver customized production solutions that are distinctly relevant to the yacht and superyacht markets. Sanguineti products are 99% tailor-made, providing a unique offering that sets us apart from competitors."Santoro emphasizes that the quality of Sanguineti and Nemo is unparalleled in the US market, and Xenta stands alone by offering innovative solutions for vessels with traditional shaft-line propulsion. “Xenta can customize steering systems in a manner akin to Brembo’s impact on the automotive world," he explains, considering various technical aspects like vessel size and operational speed.Customized Solutions for American Clients The three brands are not only launching products but also tailoring them for American tastes. Santoro reveals, “Nemo is modifying some of its top-selling products for the US market. Similarly, Xenta is developing a specific offering for sportfishers, allowing owners to navigate effortlessly in any conditions.”Enhanced Service and Support Quick Group is also boosting its regional maintenance and support capabilities, particularly with the recent acquisition of Florida-based Yachting Marine Service (YMS), which specializes in superyacht service. “Our entire after-sales team is trained not just for initial installations but also for scheduled maintenance and warranty services,” adds Santoro, ensuring top-notch customer satisfaction.Strategic Expansion The launch of Sanguineti, Nemo, and Xenta represents a significant step in Quick Group's strategic growth, offering a comprehensive suite of products for OEMs and yacht owners alike. Michele Marzucco, CEO of Quick Group, states, “This expansion allows us to cater to a broader range of vessels, including larger yachts, while enhancing our position as a one-stop shop for marine equipment.”Marzucco emphasizes the importance of the US market, which has been integral to Quick's journey since the establishment of Quick USA in 2006. “We are poised for a new era, backed by our experienced sales and support teams,” he concludes. “With the introduction of these exceptional brands alongside our existing offerings, we are better equipped than ever to serve both American and European customers.”Quick USA looks forward to redefining the American boating experience by bringing bold Italian innovations and a commitment to quality and service to the forefront of the industry, ensuring they remain a key player in the market for years to come.Credits: Quick Group

Construction is underway at the Mallorca-based shipyard of Servicios Técnicos Portuarios (STP), marking the start of an €8 million initiative aimed at modernising the facility to accommodate some of the largest vessels in the fleet for refitting and maintenance.To address the growing demand for large yacht services, STP's expansion aims to elevate productivity and streamline operations while expanding the shipyard's capabilities. “We have frequently received requests for mooring spaces for yachts exceeding 100 meters in length, and until now, we have struggled to meet that demand,” stated Joan Rosselló, general manager of STP. “With limited options for large berths in Palma, the new dedicated berths will significantly enhance our repair services and improve workflow across shipyard activities.”This major expansion is poised to invigorate Mallorca's local economy, drawing more significant refit projects to the area. STP estimates that the expansion could generate an additional €50 to €60 million in annual revenue for the region.On the technical side, the shipyard's total area will grow from 130,000 square meters to 162,000 square meters, incorporating 102,000 square meters of land and 60,000 square meters of water space. This enhancement utilizes previously underutilised areas at the edges of the current shipyard footprint, facilitating further development within STP’s existing concession.The waterway expansion will introduce five new berths that can accommodate yachts of up to 110 meters, adding to the existing three superyacht berths. On dry land, STP plans to establish specialized zones for various tasks, including a new covered section specifically for mast removal, repair, and painting.Additionally, STP is prioritising sustainability by installing photovoltaic panels on the new covered areas and the parking canopies. The anticipated solar energy output is expected to power approximately 115 apartments and reduce carbon dioxide emissions by 124 tonnes annually.The new berths will be operational by the end of 2024, while the rest of the works are scheduled for completion in spring 2025.Credits: STP

Sirena Yachts has unveiled exciting new details about its latest project, the Sirena 118, at the Fort Lauderdale International Boat Show 2024. This striking 36-meter GRP superyacht introduces a contemporary design and represents the launch of a new, larger composite line, boasting a waterline length exceeding 24 meters while remaining under 300 gross tons.The design is currently in the works, featuring a flexible tri-deck layout that includes three decks of accommodation topped by an expansive sun deck. Future amenities could include an optional circular pool and lounging area at the bow, as well as a spacious beach club at the rear.The Sirena 118’s bold plumb bow not only makes a strong aesthetic statement but also enhances the internal volume, providing ample room for a VIP cabin and up to four guest cabins on the lower deck. The owner’s stateroom occupies the forward section of the main deck and offers a unique option to span two decks, complete with a spiral staircase leading to a generous relaxation area and a fold-down swim platform for easy access to the water.Social spaces are equally impressive, featuring an informal dining and lounging area on the main deck aft with floor-to-ceiling windows facilitating a seamless connection to the outdoor deck. The upper deck provides additional dining options alongside a wet bar, complemented by a more secluded exterior space. The yacht is designed for a crew of five, with the possibility of expanding to seven with the inclusion of a captain's cabin on the upper deck.The sleek underwater profile is crafted by the renowned German Frers, while the yacht's exterior design comes from Sirena's in-house team, encapsulating the brand’s essence. Cor D Rover is in charge of the interior, which will possess a timeless and relaxed ambiance, although owners will have the option to customize their yacht to their preferences.Constructed from GRP, the Sirena 118 promises operational efficiency. It features a fast displacement hull powered by two MAN V12 engines generating a total of 3,100hp, allowing for a top speed of 16 knots and an economical cruising speed of 11 knots. An upgraded engine package producing 3,800hp is also available, which offers a top speed of 21 knots.“The 36-meter Sirena 118 will be the largest GRP yacht we have built to date,” stated Constantinos K. Constantinou, Head of Sirena Yachts USA. “This superyacht is being meticulously crafted to embody the pinnacle of the values that have driven the global success of Sirena Yachts and Sirena Superyachts. Intelligent design, flawless engineering, and sleek, modern aesthetics are seamlessly integrated with our profound passion for the yachting lifestyle. We’re excited to keep yachting enthusiasts informed as this exceptional project progresses toward its 2026 completion.”Sirena Yachts is a Turkish yacht brand. The company produces semi-displacement motor yachts ranging from 17m to over 30m.Credit: Sirena Yachts