The experts believe that the fractional ownership market will be one of the first industries to recover when the economy goes on rebound. For those who have made a move toward fractional ownership, British architect Lord Norman Foster has launched his much-awaited first superyacht, the Ocean Emerald for YachtPlus. The 41-meter contemporary superyacht has been designed with a strong emphasis on space and light and has five suites for up to 12 guests, with a crew of seven. The bespoke yacht features furnishings and fittings by Italian manufacturer Cassina, and kitchen and galley equipment by Schiffini. The four-deck yacht also features jet ski storage, a submergible beach deck and a glass-walled main saloon offering 180 degrees of unrestricted views. All arrangements from bookings to transport, private jet, helicopter transfers and onboard requests will be taken care of, thereby further enhancing the ultimate experience in hospitality, service and luxury. The Ocean Emerald will be the first of four identical Foster + Partners designed superyachts to be launched by the company over the next two years. A one-eighth purchase on one of the four yachts will cost €1.87m, which will entitle the owners 30 nights a year onboard. Alternatively, those wishing to only purchase a half fraction – a 1/16th share – will pay €975K for 15 nights a year onboard. Apparently, Norman’s net worth has plummeted from £250 million to a paltry £170 million over the last year.
Via: FastCompany/Foster+Partners
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