In this video I'm going to be telling you about a vessel that has been on and off the market
recently and it is now available as a project for an astute buyer to take over in order to have a
highly customized Blohm+Voss yacht that will be once again one of the leading mega yachts
in the world. It was built by a knowledgeable yachtsman who was a Saudi royal and it was
delivered by Blohm+Voss in Hamburg in 1990. It certainly was a well-known fixture in Monaco
at the Grand Prix at the Cannes film festival, but also the Prince has an oceanographic institute
and is highly involved in ocean conservation efforts so the vessel traveled around the globe
and when you see the specs you'll understand that he built it specifically to be a world
cruising mega yacht. So it's by no means a new boat but I want to point out that throughout its
life it was maintained in Bamburg by Blohm+Voss and it was rebuilt regularly. In 2017 the prince
had ordered and took delivery of a much larger Lurssen yacht under the same name Golden Odyssey
and this vessel was sold to a group that intended to convert it and put it into charter service. So
the plan with the new owners was to do a major conversion and update vessel in every respect
and also extend the hull -this is a five meter addition on the transom while the core hull is
essentially the same at 80 meters the extra five meters gives you a massive swim platform
it also it also created a sort of a waterfall and an infinity pool out of the existing pole
and this is very much in keeping with the designs of the new ocean coves and a number of other
vessels they also opened up and reconfigured the deck space it's a very intelligent design
and very tasteful however the point is that they were not able to complete their refit
and the vessel is now for sale sitting in athens or just outside Athens and Piraeus in a shipyard,
so it is available for sale now as a project and the point there is that you whoever purchases
the vessel would have the option of either having the existing owners complete their refit
at a certain budget and time frame and have it delivered completed or a new owner might
decide to take the vessel over to a shipyard like Lusben which is Benetti's refit yard in Viareggio
it would be also not difficult to take it to Ancona to CRN either of those yards would do
a great job to complete this refit you've got Pendennis in England that would do a stellar job
in completing this or the option certainly exists to take it back to its birthplace in Hamburg at
Blohm+Voss which is now owned by Luerssen that would presumably be more expensive than taking it
to Italy for instance or even to Turkey however it would maintain the pedigree of this yacht and one
shouldn't discount the value of the Blohm+Voss pedigree here are some of the other Blohm+Voss
yachts that have been built. It's a legendary shipyard that has never really mass-produced
yachts on any level they've i would say that alongside Lurssen and Feadship that
Blohm+Voss is one of the most prestigious yacht building brands in the world and that will
benefit a new owner when it comes to resale. The opportunity presented here is to have an 85 meter
280 foot Blohm+Voss world cruising mega yacht that presumably can be bought right
and then finished in the style and to meet the mission of a new owner
so you would essentially have a completely renewed yacht with extraordinary capability it has a 9100
nautical mile range it has a top speed of 18 knots to match this sort of performance and size in a
new yacht today you would be spending well over a hundred million euros what makes this proposition
attractive is the Blohm+Voss's pedigree extensive range and speed of the existing hull platform
the fact that it is uh most of the way through the refit and it's estimated that it can be finished
in seven months and then it gets down to how much you're going to pay for picking up the project on
an as-is basis and what are you going to spend to finish it to meet your needs and your tastes
and that of course is remains to be seen and that's also where a knowledgeable broker
comes in and can help you with the acquisition and setting up the project in another shipyard
we would love to help a new owner do that this is a really exciting project to us in Europe get
in touch with my colleague Bill Thiem at Globe Regal yachting here is his number and email and
if you're in the americas give me a call or drop me an email and we will start the conversation.