Fractional Ownership News

YachtPlus launches second Foster-designed fractional superyacht

Fractional ownership super-yacht company YachtPlus has launched the Ocean Pearl, the second of its four yacht fleet of fractional superyachts designed by British architect Norman Foster.

The 41-metre yacht, launched at La Spezia, Italy, is identical to its sister yacht Ocean Emerald, and will operate a series of cruises throughout the Mediterranean during the summer of 2010 and the Caribbean in the winter of 2011.





"We are delighted with the response from the owners who spent this summer on Ocean Emerald and are extremely optimistic about the future of the next three yachts that will continue to grow the YachtPlus fleet. The many enquiries we have received over the past few months and the very positive comments from current owners is a testament to the concept of fractional ownership which is rapidly becoming acknowledged as the most financially astute way in which to own a super-yacht," said John

Hare, chairman of YachtPlus. "These are challenging financial times and increasingly more people, many former sole yacht owners, are turning to fractional ownership as the most cost effective, stress-free and viable way to own a luxury super-yacht," he added.





The third yacht of the fleet, Ocean Sapphire is due to be launched in May 2010 and the fourth, as yet unnamed, is scheduled to enter service at the beginning of 2011. All four yachts, identical in design, are being built at the Rodriquez Cantieri Navali
 boat yard in Sarzana, Italy and will initially spend the summer months in the Mediterranean and the winter in the Caribbean.

YachtPlus is offering a 1/8th share in one of the four yachts for €1,875,000. This will give the owners 30 nights a year onboard split between the Mediterranean and the Caribbean. A 1/16th share is also on offer at- €975.000, giving owners 15 nights a year onboard again split between the Caribbean and Mediterranean.

It is estimated that there will be an annual management fee of €200,000 for a 1/8th share and €100,000 for

a 1/16th, which will cover all year round maintenance, a permanent crew of seven, marine and hotel operations, 24/7 lifestyle management, transoceanic crossings, port charges and cruise itinerary management.

Once the fleet is complete owners will have the option of sailing on any one of the four yachts. The term of contract will be for eight years after which the yachts will be sold and the owners will receive full pro-rated proceeds of the sale.





www.yachtplus.com

16/03/10
 

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