IYC sells trio of 70m Admiral superyachts in record deal

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IYC sells trio of 70m Admiral superyachts in record deal

17 May 2023 • Written by Sophia Wilson

The Italian Sea Group (TISG) and IYC have announced that three new 70-metre GC-Force superyachts have been sold at the same time to a Greek family.

The Admiral GC-Force 70 yacht, which was designed by TISG’s in-house studio Centro Stile, features smooth lines, expansive deck spaces and large amounts of glass. Each yacht will feature seven guest cabins and 10 crew cabins and delivery of the three yachts is expected to take place in consecutive years, starting in 2026.

“The sale of the first “Admiral GC-Force fleet” represents a significant milestone, which we were able to reach thanks to the professionalism of our team and the high qualitative profile of our yachts,” said Filippo Menchelli, chairman of TISG. “It demonstrates the trust owners from all across the globe put into our organisation.”

IYC and TISG now have seven new-build projects together, including two 72-metre projects in collaboration with Giorgio Armani

Following this deal, IYC is now involved in seven construction projects with TISG, five of which are in excess of 70 metres LOA with two 72-metre projects in collaboration with Giorgio Armani.

IYC’s global managing partner, Michel Chryssicopoulos, will be supervising the build process for the trio of superyachts. “This incredible deal brings The Italian Sea Group and IYC even closer together, solidifying a relationship that started 12 years ago,” he said. “We have absolute faith in the vision and goals set by Giovanni Costantino and TISG team. Together, we are looking forward to these successful deliveries.”

Raphael Sauleau, CEO of IYC, also praised the “excellent working relationship” between the two brands. “We are proud to say that our partnership with TISG is incredibly successful, demonstrating just how exceptional their service and products truly are. These recent sales speak to the quality of their yachts and are a testament to the dedication and hard work of their team. We look forward to continuing our strong relationship and to our future endeavors together,” he added.

The confirmation of this triple sale follows an announcement in February that TISG had sold a 73m GC-Force superyacht in a deal finalised through Kitson Yachts. Other projects under construction for the Admiral brand include the 98-metre future flagship Project Titanium and the 82-metre Project Galileo, both of which are due for delivery in 2025.

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