Project XIA - 2028 525' CUSTOM IPI160
Vigo Galicia Spain
($440,912,307 USD est.) €405,000,000 EUR
Yacht for sale is a 2028 CUSTOM 525' "Project XIA" IPI160 Motor Yacht in Vigo, Galicia, Spain.
Given the significant increases in pricing for raw materials in recent times, shipyards must reassess their position to provide an accurate quotation. We have invited a considerable number of shipyards in Spain, Italy, Greece, and Turkey, as well as others from different regions, to tender for this project. They have already submitted their quotes, along with others from afar. The layout and major elements of the project remain flexible, allowing for the incorporation of additional accommodatiio
The Project XIA, designed by Gill Schmid Designs from New York, was originally priced at Astilleros Hijos de Barreras in Vigo, northern Spain. This shipyard, known for constructing the MV Ritz Carlton, provided us with a quotation in 2018. It is worth noting that this project may be eligible for the Spanish Tax Relief system, specifically designed for new construction projects of a commercial nature. If applied today under the right circumstances, this could potentially result in a significant discount of 20 to 25 percent on overall build costs.
ASKING PRICE
($440,912,307 USD est.) €405,000,000 EUR
LOCATION
Vigo, Galicia, Spain