110m Oceanco ‘Jubilee’ sold by Burgess

Jubilee, the 110-meter Oceanco delivered in 2017 as the largest yacht built in the Netherlands, has now been sold at an asking price of €275 million according to Burgess. This makes the deal, the largest brokerage yacht sold so far this year. Burgess has now sold 26 brokerage yachts in 2018, amounting to over $1 billion in sales…

Burgess has announced the in-house sale of the 110m gargantuan, Jubilee, which was listed for sale at €275 million shortly before her delivery by Oceanco in July 2017.

Built by Oceanco for the late, former emir of Qatar, the yacht was put on the market shortly before its delivery at an asking price of €275 million. Designed by Russian designer, Igor Lobanov, the yacht’s exterior features fake, intermediary decks that make the yacht appear larger than it is when looked at from afar.

Now owned by an American billionaire according to several industry sources, Jubilee can accommodate up to 32 guests in 16 cabins and carry a crew of 45. Key amenities onboard include a swimming pool with a built-in aquarium, a helipad and a large beach club.

Jonathan Beckett, CEO of Burgess, said, “This marks a milestone in Burgess’ history. Jubilee is very close to our hearts; following the initial introduction of the client to the shipyard, Burgess New Construction saw her successful build and delivery.

“Then, 18 months later, our sales force closed the transaction, making it one of the largest deals not only in 2018 but in superyachting history. Oceanco really set the standard when producing this award-winning yacht, and I wish her new owners many happy years on board.”

With 81.8m Kibo and 70m Saint Nicholas also changing hands in November, it has been a strong month for brokerage sales in the upper size ranges.