Sydney-based Palm Beach Motor Yachts, part of Grand Banks Yachts Limited, has entered the European market with its line of boats ranging 15m-21m in length.
In August 2014, Grand Banks Yachts Limited announced its plans to acquire 100%-stake in Palm Beach Motor Yacht Co Pty Ltd of Australia and Mark Richards was appointed CEO of the enlarged Group.
Grand Banks said the transaction would strengthen the position of the Singapore-listed motoryacht builder as a global company with two world-class brands that are well represented in the leading markets of the North America, Australia, Asia and Europe. The manufacturing facilities of both brands will continue to operate at their respective locations – Grand Banks in Malaysia and Palm Beach in Australia.
Founded in 1995 by world-renowned sailor and eight-time Sydney to Hobart race winner Mark Richards, Palm Beach Motor Yachts is known for its modern technology and impeccable craftsmanship. All yachts are meticulously designed and constructed with cutting edge materials and allows for a full suite of customizable options. The company’s headquarters and manufacturing facility operate out of Berkeley Vale located just 100 km north of Sydney.
Singapore-based Grand Banks Yachts Limited is a global brand well known for its vast experience in manufacturing and selling motoryachts. The Group’s manufacturing facility is located in Pasir Gudang in Malaysia. Grand Banks has dealers based in North America, Europe and Asia-Pacific. Grand Banks was listed on the SGX in 1987 and upgraded to the Main Board in 1993.
Palm Beach 2015 range
PB 45 was developed from the mould of the popular PB 50 in response to client requests. Specific feedback resulted in an entry level boat with more contemporary styling and family-focused robust finishes. As with all Palm Beach Motor Yachts there is no compromise on build quality or handling. The first PB 45 was launched in 2012 to exceptional interest from new and existing Palm Beach owners.
PB50 is seen by many as the quintessential PB motoryacht with its sweeping sheer line and sporty, timeless style. Since its first launch in 2001, over 22 PB 50s have been built (as at 2012).
PB 52 will make its world debut the all-new model at the next Miami International Boat Show next 12-16 February 2015.
PB 55 was introduced at the Newport International Boat Show in September 2011 and awarded “The Best New Motor Boat (over 30ft)”. The 55 was modelled on the company’s flagship 65 and comes with a two or three cabin layout and rear tender garage.
PB 65 launched in 2009. While the PB65 is a far bigger boat than the PB 50 she shares the same high quality build finishes, timeless, teak – dominated styling and sea going competence as all Palm Beach Motor Yachts. The model has a tender garage, laundry and all the extras that are expected on a boat of this scale, without losing the spacious, light filled feeling of the saloon, cabins and rear cockpit.