On the eve of the 30th edition of the St Barths Bucket, the Perini Navi group has announced the sale of two Picchiotti motoryacht projects in the same week. The new contracts represent the group’s first since hull C.2232 in April 2014 (the 60m Perini Navi ketch was resold in June 2015 after the original client pulled out) and must come as a welcome relief to the Italian builder given the struggling market for super sailing yachts.
The first project is a 52m, full-displacement, steel-hulled motoryacht with a build time of 32 months. Details have not been released, but it will have the distinctive styling that characterised 50m M/Y Exuma, 55m M/Y Galileo G and 73m M/Y Grace E (pictured above during fitting out at the Picchiotti yard in La Spezia), all designed by Philippe Briand. Features include an expansive beach club with a spa, gym and sea-level lounge, as well as a forward facing owner’s cabin on the upper deck.
The second contract is for an innovative all-aluminium motoryacht, a ‘top secret’ prototype conceived by the Perini Navi Innovation Centre in Viareggio and based on the specific requests of the owner. The project reflects the company’s latest advancements in design and engineering in terms of eco-compatibility, noise and vibration reduction, and will incorporate leading-edge navigation technology.
“The conclusion of two sales contracts is an important confirmation of the efficacy of our chosen path, focusing on our products and our distinctive quality," says Fabio Boschi, Chairman of Perini Navi. “Despite the extremely competitive nature of today's market, we are confident about further developments of important ongoing initiatives, thanks also to the extraordinary reputation of our companies and the pride and competence of those who work with us.”
The new contracts come in the wake of a €15 million capital increase announced at the start of 2016. Building on the success of its three motoryachts launched to date, last year the group relaunched the Picchiotti brand under the 'PY' (Picchiotti Yachts) label by presenting its own range of bluewater, explorer motoryachts with initial concepts by Philippe Briand and Nauta Design. Stylishly simple yet elegantly innovative, the designs were tailored to suit the diverse lifestyles of today’s owners.
“The time has come to give the Picchiotti brand its appropriate status as one of Italy's oldest and finest builders of bespoke motoryachts,” said sales director Luca Boldrini at the time. “Picchiotti draws upon Perini Navi's unique reputation in the design and build of luxury sailing yachts, combining it with our own tradition of excellence as a builder of custom motoryachts.”
Perini Navi top management was unavailable for comment at the time of this news release as they prepared for the Bucket in St Barths, but SuperyachtNews will bring readers updates as and when they are released.
Photos by Justin Ratcliffe