After Tankoa Yachts announced in early January it was in the final stages of due diligence prior to acquiring Cantieri di Pisa, the Italian financial daily Il Sole 24 Ore has reported there are now four other (unnamed) purchase offers for the historic shipyard in Tuscany.Photo: Justin Ratcliffe / SuperYacht TimesThe renewed interest has been prompted by a reduction of the annual site fees and an extension of the concession rights, measures confirmed by Navicelli di Pisa, the municipal company that manages the area and the channel connecting the shipyard to the sea.
After the collapse of Mondomarine, Cantieri di Pisa was acquired in 2018 by the holding company U-boat Investment through auction for €2.65 million, but plans to relaunch production never materialised. Tankoa stepped in with a letter of intent, but the date for final signing of the purchase has expired and opened the way for other interested parties.Photo: Tankoa YachtsTo cut a long story short, in order to ensure a future for the shipyard and its remaining 19 employees, an extension of the site concession from 2021 to 2040 has been ratified and the annual concession fees for the site lowered from €40.5 to €22 per square metre [for a total of around €220,000 per annum].Photo: Merijn de Waard / SuperYacht TimesMoreover, as part of ‘master plan’ to revive the port area, necessary investment to upgrade the yard’s infrastructure, such as increasing the size of the build sheds, will be discounted from the concession fees.
SuperYacht Times - The State of Yachting 2020
Being the intelligence partner for the top shipyards and yacht brokers in the world, we have learned to analyse and track the market in great detail. Each year our leading market report is used by investors, CEOs, owners and other key decision makers to inform themselves on the state of the market and future developments. Find all the information you need on the market, fleet, construction book, ownership nationalities and much more in our report.
#weknow - do you want to know? Buy the report now for only €299!