Over three decades after Fabio Perini acquired a green-field site in Tuzla, Istanbul, and set up a shipyard to build and assemble his hulls and superstructures, <a data-gid="gid://syiq/Company/191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yildiz Shipyard (Company)">Yildiz Gemi</a> has officially been handed over to new owners. Habas Sinai ve Tibbi Gazlar lhtihsal Endüstrisi A.S., a leading producer of industrial and medical gases and distributor of LNG and CNG in Turkey, does not intend to resume the construction of yachts.<img src="https://photo-assets.superyachttimes.com/photo/181537/image/large-0000dda969852e26870a026bbd5b7851.jpg" data-gid="gid://syiq/Photo/181537">Beginning in 1987, <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> built 55 yachts at the <a data-gid="gid://syiq/Company/191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yildiz Shipyard (Company)">Yildiz Gemi</a> yard, including sailing yacht <a data-gid="gid://syiq/Yacht/385" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Maltese Falcon88.0m (288'9&quot;)Perini Navi2006">Maltese Falcon</a> and sailing yacht&nbsp;<a data-gid="gid://syiq/Yacht/3523" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="State of Grace39.4m (129'3&quot;)Perini Navi2013">State of Grace</a>. More recently, the motor yachts <a data-gid="gid://syiq/Yacht/7070" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sunrise 43.06m (141'3&quot;)Yildiz Shipyard2019">Sunrise</a> and <a data-gid="gid://syiq/Yacht/7071" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="M5541.18m (135'1&quot;)Yildiz Shipyard2020">M55</a> were also built there. Originally valued at €13.5 million, the facility was acquired for over twice that figure.<img src="https://photo-assets.superyachttimes.com/photo/66028/image/large-b95fea0aaecda09883afe9efeadd6245.jpg" data-gid="gid://syiq/Photo/66028">“The sale marks the end of an era, both for <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> and myself,” former <a data-gid="gid://syiq/Company/191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yildiz Shipyard (Company)">Yildiz</a> Chairman and CEO Burak Akgul told SuperYacht Times, obviously moved by the occasion.<img src="https://photo-assets.superyachttimes.com/photo/107195/image/large-1fb7240eed8c831bb45f2caa602024f0.jpg" data-gid="gid://syiq/Photo/107195">“As outgoing Chairman of the ex-<a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini</a> <a data-gid="gid://syiq/Company/191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yildiz Shipyard (Company)">Yildiz Gemi</a>, which has been a part of my professional life for 33-plus years, I would like to thank all the stakeholders who have contributed to creating the <a data-gid="gid://syiq/Company/191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yildiz Shipyard (Company)">Yildiz Gemi</a> we know,” Akgul continued, listing the likes of Fabio Perini, Giancarlo Ragnetti and Tom Perkins in his statement, but also subcontractors, supplies and the yachting media. “With fond memories, my very sincere thanks to everyone who may have held <a data-gid="gid://syiq/Company/191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yildiz Shipyard (Company)">Yildiz Gemi</a> in their regard to date, but as the yard sets a course for its future under new ownership, I would like to extend my very best wishes to the new owners for the future.”<img src="https://photo-assets.superyachttimes.com/photo/66029/image/large-784fc2c45b9ef75335deddc783c45ea6.jpg" data-gid="gid://syiq/Photo/66029"><a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> was officially declared bankrupt at the beginning of 2021 when a restructuring plan presented by the Tabacchi family through its holding company Fenix was rejected. Since then there has been much speculation about the future of the iconic Italian brand and its assets are expected to be sold off by auction. The sale of <a data-gid="gid://syiq/Company/191" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Yildiz Shipyard (Company)">Yildiz Gemi</a> marked the first stage of this process and various interests in Italy, including <a data-gid="gid://syiq/Company/374" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Sanlorenzo (Company)">Sanlorenzo</a>, <a data-gid="gid://syiq/Company/4876" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Ferretti Group (Company)">Ferretti Group</a>, <a data-gid="gid://syiq/Company/1757" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Palumbo Superyachts (Company)">Palumbo Superyachts</a> and <a data-gid="gid://syiq/Company/5565" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="The Italian Sea Group (Company)">The Italian Sea Group</a> have expressed interest in the <a data-gid="gid://syiq/Company/51" href="#managed-by-system" rel="noopener noreferrer" target="_blank" title="Perini Navi (Company)">Perini Navi</a> facilities in Viareggio and La Spezia.&nbsp;

Yildiz Gemi shipyard sold

Perini Navi E-Volution 42/02 yacht hull launch in Yildiz Tuzla

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M55 yacht in build at Yildiz shipyard

Perin Navi 42m E-volution yacht in Yildiz, Turkey

After three decades on at the site in Istanbul, Perini Navi have sold Yildiz Gemi.

End of an era for Perini Navi: Sale of Yildiz Gemi shipyard concluded