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Engel & Völkers Yachting brokers 25-metre yacht “Yannina”

02-28-2011 12:42 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: Engel & Völkers AG

• International market for luxury yachts in recovery mode

Hamburg, 28 February 2011. Engel & Völkers Yachting Marbella has brokered the 25-metre motor yacht “Yannina” to an entrepreneur based in Germany. Engel & Völkers Yachting Marbella provided consultancy and liaised with both the buyer and seller throughout the course of the deal. “Yannina” was built in 2001 by the long-established Riva boatyard in Italy, and delivered to Sardinia in 2002. The Mediterranean-style motor yacht of the Riva Opera 80 type has a master and a VIP cabin, as well as a separate guest cabin, offering on-board accommodation for a total of six people. Each of these cabins features its own marble en suite bathroom. With two 1,826 PS MTU engines, “Yannina” can reach a maximum cruising speed of 37 knots.

“Since the beginning of the year we have been noticing a marked increase in demand for yachts in the luxury segment,” said Iñigo Nicholson, Licence Partner of Engel & Völkers Yachting Marbella. The international market for exclusive yachts had been on a stable course of expansion before its slump in 2008, and is now slowly recovering from the impact of the economic and financial crisis. After a drop in market activity over the last two years, Mr. Nicholson is now anticipating renewed upwind for the industry in this current year.

Engel & Völkers has been brokering yachts alongside prestigious properties since November 2007, making it one of the first global real estate companies to enter the yachting market. The company has a comprehensive network of shops and offices in 38 countries spread across five continents, as well as an extensive clientele reflecting the relevant target group. The Yachting business division covers a comprehensive range of service provisions including the sale, purchase and charter of luxury yachts, as well as management of construction und refitting projects and professional consultation in all aspects of Yacht Management. Engel & Völkers Yachting is currently represented with offices in Madrid, London, Marbella, Hamburg and, since April 2010, on the island of Majorca as well.

Engel & Völkers is one of the world’s leading service companies specialised in the sale and leasehold of premium residential property, commercial real estate and yachts. The Company is currently operating in 38 countries on five continents. The continuous expansion of its unique network and the renowned reputation of its strong brand give the Company access to an exclusive client base. Over 400 residential property shops specialised in high-class real estate and 44 commercial offices offer private and institutional clients a professionally tailored range of services. Leasing, sales, consultancy and valuations form the core competences of the staff of around 3,600 employees, specialised in all aspects of real estate transactions.

If you require further information please contact:

Iñigo Nicholson
Fernando VI, 31, 1B
28004 Madrid, Spain
Phone: +34 91-391 10 50

Head of Global Corporate Communication
Princess Wittgenstein
Stadthausbrücke 5
20355 Hamburg
Phone: +49 40-36 13 11 20
Fax: +49 40-36 13 12 35

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