Engel & Völkers opens Yachting office in Nice

Comprehensive consultancy: purchase, sale and charter of premium yachts

Hamburg/ Nice, 30 April 2015. Engel & Völkers, one of the leading service companies specialised in the brokerage of premium residential property, commercial real estate and yachts, is now brokering exclusive motor and sailing yachts on the French Riviera. The new Yachting office is centrally located in Nice, just minutes from the Promenade des Anglais and the Old Town. “The sale and charter of high-end yachts holds enormous potential in this key yachting hotspot. We intend to significantly develop our market position on the French Riviera with this new opening,” said Bart Boury, CEO of Engel & Völkers Yachting French Riviera.

The office will focus its operations on the purchase, sale and charter of exclusive yachts upwards of 15 metres in length – as well as overseeing new constructions and refits. Engel & Völkers consultancy services also encompass financing, flag registration, yacht management, and the fulfilment of individual wishes such as transport by limousine or private jet to and from boat moorings. “The decision to buy a yacht is almost entirely an emotional one. Superyachts meet highest demands on a luxury lifestyle. We aim to offer our clients services that take care of absolutely everything for them,” said Anissa Mediouni, COO of Engel & Völkers Yachting French Riviera.

Besides purchase and sale, yacht chartering also remain in high demand. “Virtually all prospective buyers charter a yacht before deciding to buy one. Some owners also charter out their yachts to cover running costs,” said Anissa Mediouni. Such costs total approx. 9 to 10 percent of the sale price per annum. Weekly charter fees for a 45-metre yacht in high season are approx. 125,000 euros. This is in addition to ancillary costs for fuel, catering and berthing fees, which total approx. 30 to 35 percent of the charter price.

Trends in new yacht constructions are focusing on ecological sustainability: achieving lower consumption levels without compromising on luxury and performance. “There is a general upturn on the yachting market. For the time being, there are still attractive options opened to wealthy clients looking to buy,” said Bart Boury.

With its international airport and coastal location on the Mediterranean, Nice is known as the gateway to the Côte d’Azur. For owners of premium motor and sailboats, the many marinas on the French Riviera and the surrounding region serve as a point of access to one of the most exclusive yachting playgrounds in the world.

(Source: Engel & Völkers)

"Seven Sins"

Engel & Völkers Yachting is now brokering exclusive motor and sailing yachts on the French Riviera, such as the 43,8-metre superyacht “Seven Sins”. The charter price for this yacht is 137,500 euros per week.

"Superfun"

The classical motoryacht “Superfun” is 40,27-metre long and is for sale for 5.975 million euros.

For further information please contact:

ENGEL & VÖLKERS AG      

Princess Bettina Wittgenstein

Head of Global Corporate Communication     

Stadthausbrücke 5

20355 Hamburg          

Germany

Phone: +49 40-36 13 11 20

Fax: +49 40-36 13 12 35

Bettina.Wittgenstein@engelvoelkers.com

About Engel & Völkers: Engel & Völkers is one of the world’s leading service companies specialised in the sale and rental of premium residential property, commercial real estate and yachts. With its licence system, Engel & Völkers is the only Germany-based firm to rank amongst the top 100 franchise companies in the world.* Around 570 residential property shops specialised in high-class real estate and 60 commercial offices brokering office, retail and industrial space, investment properties, multi-purpose apartment and office blocks and property portfolios offer both private and institutional clients a professionally tailored range of services. Leasing, sales, consultancy and valuations form the core competences of the staff of around 5,500 employees. The Company is currently operating in 39 countries on five continents. Intensive training schemes in its in-house real estate Academy and the high level of quality assurance governing its systematically structured service provision are key factors that account for the Company’s success. In 2014, Engel & Völkers achieved the top position in the broker ranking lists published by both the German Customer Institute (DKI) and the financial magazine “Euro am Sonntag”. Moreover, the Company was selected as the winner in the category “Best Company Brand” at the “Marken Awards der Immobilienbranche” (“Property Industry Brand Awards”) hosted by the ImmobilienScout24. In 2015, Engel & Völkers was named “Top National Employer” for the second time in a row by the German news magazine “Focus”. www.engelvoelkers.com

* Source: Franchise Direct “Top 100 Global Franchises Ranking 2011”