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127m Bankrupt Italian Superyacht Project

Discussion in 'General Yachting Discussion' started by T.K., Jul 20, 2016.

  1. T.K., Jul 20, 2016
    #1
    T.K.

    T.K. Senior Member

    Joined:
    Jan 31, 2007
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    Location:
    Cairo - Egypt
    Gentlemen,

    I have been sent the images below of a 127m Italian superyacht project which went bankrupt. It is currently offered for sale by the administrators. The current asking price is around EUR 15 Million. About EUR 70 Million invested so far.
    The hull and superstructure are completed including the helicopter hanger. It also includes three ABB azipods and 8 Caterpillar generators. Many other systems have already been installed. I believe the project requires about another EUR 100 Million to complete with a market value of over EUR 200 Million once completed.

    Is anybody here aware of this project?

    127m (1).jpg 127m (2).jpg 127m (3).jpg 127m (4).jpg 127m (5).jpg
  2. AMG, Jul 20, 2016
    #2
    AMG

    AMG YF Moderator

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  3. yachtworld, Jul 20, 2016
    #3
    yachtworld

    yachtworld New Member

    Joined:
    Feb 22, 2016
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    Location:
    UK
    It is the Priviledge 1 project,built in Civitaveccia /ITALY by Priviledge Yard .Too much speculation on ,and quite a big failure so far..!
    PS: There is already a thread from the past years here on the forum which you can check for further information.