The richlister owners of one of the top superyacht refit destinations in the world are selling up with approvals in place for a $200m expansion.

Designs have been unveiled for a £70m superyacht concept that can ‘fly’ across the water. Powered by a hydrofoil system, the 243-foot-long vessel, known as Plectrum can lift itself above the water surface and rise above the waves at speeds of 75 knots – or 140 km/h. According to the team at Italian studio Lazzarini Design Studio, the design was largely inspired by the foiling monohulls used in the America’s Cup, one of the oldest international…

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