IYC announces three sales of 70m Admiral new builds
In an “incredible deal”, the brokerage has secured a trio of sales of the new Admiral GC-Force 70 to a single client.
Admiral GC-Force 70
IYC has announced that it has simultaneously sold three units of the new Admiral GC-Force 70 to a European family. The deliveries of the 70m superyachts are scheduled for 2026, 2027 and 2028.
Michel Chryssicopoulos, IYC’s Global Managing Partner, will be supervising the build processes of the three projects, which represent the latest chapter in the company’s relationship with The Italian Sea Group, which also includes Tecnomar, NCA Refit, Perini Navi and Picchiotti.
“This incredible deal brings The Italian Sea Group and IYC even closer together, solidifying a relationship that started 12 years ago,” Chryssicopoulos said. “We have absolute faith in the vision and goals set by [founder and CEO] Giovanni Costantino and The Italian Sea Group team. Together, we’re looking forward to these successful deliveries.”
The Admiral GC-Force 70 was developed by The Italian Sea Group’s in-house Centro Stile (Style Centre). Each yacht has seven guest cabins and 10 crew cabins, and is characterised by elegant lines, expansive deck spaces and extensive use of glass.
Raphael Sauleau, CEO of IYC, said: “Our partnership with The Italian Sea Group 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 endeavours together.”
The triple-order transaction increases IYC’s current builds with TISG to seven superyachts, which include two 72m projects in collaboration with Giorgio Armani.
Filippo Menchelli, Chairman of The Italian Sea Group, said: “The first sales of the Admiral GC-Force fleet represent a significant milestone, which we were able to reach thanks to the professionalism of our team and the high-quality profile of our yachts. It demonstrates the trust owners from across the globe have in our organisation.”
Giovanni Costantino, founder and CEO of The Italian Sea Group, said: “This important transaction, finalised in Europe, confirms the validity of our development journey in the megayacht market and The Italian Sea Group’s positioning as a global reference in this segment.”