graeme hart new superyacht

New Zealand's richest man Graeme Hart's new superyacht revealed after secretive construction

• Melania Watson

New Zealand's richest man's new superyacht has been revealed after weeks of speculation.  

Graeme Hart's 103m yacht was spotted in Amsterdam, featuring enough space for 20 crew and 18 guests.  

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His daughter, Gretchen Hawkesby, shared a collection of photos including herself, Hart and other family members on Instagram, while on a trip to Amsterdam for the boat launch.  

The freshly renovated, pristine white superyacht has been the subject of much speculation over the past month.  

Boat International revealed the yacht includes four exterior hot tubs, a swimming pool that covers the entire height of the main deck and a helicopter hangar concealed in the foredeck.   

On the interior, the yacht has a glass staircase and an elevator in the main atrium.  

"The yacht has maintained a single-deck engine room, which is no easy feat for a yacht of this size," Boat International reported.  

Formerly known as Feadship 1011, the yacht has now been named Ulysses.  

Boat International said the yacht was spotted recently in transport from Feadship's Makkum site to its Amsterdam facility.   

They described the yacht as having "distinctive clean lines" and a "squared-off deck design".  

Feadship revealed the yacht includes 1100sqm of exterior glass used in twenty exterior sliding doors, 12 glass windbreaks and 6m panels of glass along the main deck guest cabins.  

Ulysses is the same name as one of Hart's previous superyachts which he sold in 2017.  

The project is the fourth largest Feadship to be built to date, following the 118.2m Feadship 821 and Feadship 1010, both currently in build at the shipyard, and the 110m Anna. The superyacht is set to embark on sea trials later this year. 

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ULYSSES Yacht – World-class $250 Million Superyacht

The owner commissioned the extraordinary superyacht with Norway-based shipyard Kleven.

She features exterior designs from H2 Yacht Design and naval architecture Oscar Mike Limited and Marin Teknikk AS.

The fantastic explorer yacht was delivered in 2018, replacing the owner’s previous 107m superyacht, ANDROMEDA.

ULYSSES yacht interior

The striking interior of the ULYSSES Yacht features design from British company H2 Yacht Design .

ULYSSES has accommodation for 30 guests in 15 cabins across the expansive size of the yacht. The yachting experience is luxurious, with a crew of 48 accommodated in 24 cabin spaces.

She has five spacious decks and features a massive shaded pool area with a luxurious lounging area.

The ULYSSES yacht is loaded up with tenders, including a custom 21-meter Princess 68 yacht. She also features a helipad and hangar for her Bell 429 helicopter.

The helicopter is the perfect way to ferry guests on and off the vessel and explore the surrounding areas.

There is generous storage for large tenders, toys, and land vehicles. The Jacuzzi and sun pads are along the stern where guests can take in sweeping views.

ULYSSES features a large swimming platform that is the perfect spot for guests to relax beside the water and take a dip in the ocean.

The social areas are complemented by a wine bar, cinema, sauna, and a large gym for the many guests to make use of.

The exterior of the ULYSSES features rugged designs and was delivered to her owner in 2018.

The builder was Kleven Maritime AS from Norway and features naval architecture and exterior design from Oscar Mike Limited and Marin Teknikk AS .

Her imposing exterior features a dark blue hull in steel and a white superstructure in aluminum.

The incredible yacht has an impressive exterior that reflects the luxurious interior of the vessel. She was most recently refitted in 2020.

Specifications

The 116.15m ULYSSES has a beam of 18m and a draft of 5m. The vessel has a displacement of 6862 gross tons and a range of 8000 nautical miles.

She has 2 Caterpillar engines. Her top speed is 12 knots, and she reaches a cruising speed of 10 knots.

She is classed as an expedition vessel and is the largest expedition yacht in the world, overtaking LUNA Yacht’s position as number one. The $250 million superyacht has an annual running cost of $20 – $30 million.

ULYSSES in Gibraltar

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Graeme Hart's new 103-metre megayacht spotted on maiden voyage

New Zealand’s richest man,  Graeme Hart ’s new 103-metre megayacht has been spotted on its maiden voyage to its owner.  

A report from Superyacht Times said Feadship 1011,  now known by the name Ulysses , was seen cruising in Bergen, Norway, on its maiden voyage to its owner.  

“She was built for a highly experienced owner who was closely involved in every detail of the build from the start to finish. With a volume of just under 3,000 GT,  Ulysses  is able to accommodate up to 20 guests, as well as a crew of 30,” the website reported.  

Project 1011, a 102.6 metre superyacht built by Feadship yacht builders leaves the facility in Makkum, Netherlands. Photo / Ferrymead  

It reportedly boasts 1100sq m of exterior glass, including 20 exterior sliding doors and 12 glass windbreaks, and is equipped with four outdoor hot tubs, a swimming pool which covers the full height of the main deck, a winter garden and a helicopter hangar under the forward helipad.  

Construction of the hull and superstructure of Ulysses began in 2020 at Zwijnenburg Shipyard, before it was transported to the  Feadship  Makkum facility for outfitting and completion, Superyacht Times reported.  

Hart’s daughter Gretchen Hawkesby shared photos in November of herself, Hart and family on a trip to Amsterdam for the boat launch.  

View this post on Instagram A post shared by Gretchen Hawkesby (@gretchhawkesby)

Construction of the vessel was shrouded in secrecy.  

“Formerly known only as Feadship 1011, the highly secretive 103m Feadship superyacht project has now been named Ulysses,” Boat International said in November.  

That is the same name one of Hart’s previous superyachts had, a 107m  Norwegian-built explorer yacht the billionaire sold  in 2017.  

“With an exterior design by Sinot Yacht Architecture & Design over naval architecture by Azure Yacht Design, it boasts interiors by Sinot and a total length on water of 102.6 meters (336.7 feet), which technically makes it a megayacht,” Auto Evolution reported.  

Hart left school at 16 and built a business empire.  

Rank Group, which Hart owns, houses businesses that  operate internationally in the packaging, consumer goods and building supplies  industries.  

Last year two listed United States companies majority-owned by Hart  made a combined US$9.2 billion  ($15b).  

Construction of Ulysses was shrouded in secrecy Photo / Feadship  

Publicly-listed packaging business Pactiv Evergreen Inc,  listed on the Nasdaq  in September 2020, made total net revenue of US$5.5b for the year to December 31, 2023 while Reynolds Consumer Products Inc, also Nasdaq-listed, made US$3.7b ($6b) in the same year.  

Hart lives in Auckland but most of his investments are overseas.  

This story was originally published on the Herald, here

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From a truck driver to New Zealand’s richest man. Graeme Hart has showcased his Covid lockdown project, a 338-foot-long superyacht that boasts four Jacuzzis, an extensive swimming pool, a concealed helicopter hangar, a winter garden, and even a hospital.

Note – As of the writing of this article, according to the Bloomberg Billionaires Index, Graeme Hart had a net worth of $9.7 billion (US).

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Another New Expedition Superyacht for New Zealand – 116 Metres

New Zealand billionaire Graeme Hart has ordered another mega yacht, just months after launching a new 400 million kroner ($78 ... read more

New Zealand billionaire Graeme Hart has ordered another mega yacht, just months after launching a new 400 million kroner ($78 million) one.

Marine industry website GCaptain says Hart has opted to build another giant expedition yacht using the same shipyard Kleven Verft , in Ulsteinvik, Norway.

It gives Hart two ships longer than the Royal New Zealand Navy’s two frigates.

GCaptain says it has been designed by Norwegian naval architecture firm Marin Teknikk in co-operation with Kyle Dick of New Zealand-based Oscar Mike Naval Architects.

“The vessel is to be equipped with a helicopter deck and hangar for helicopter,” Marin Teknikk says.

Read more here:   Second Superyacht for Kleven Verft

Anne Gibson

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Graeme Hart's superyacht Ulysses in Makkum, Netherlands in October 2023.

Where are Graeme Hart companies moving addresses from and to? A rare sale of a popular Pak’nSave poses the question - why? What reaction to $100 million plans for a new Karangahape Rd mass timber offices? What will the new Devonport ‘dark centre’ look like when Woolworths opens its new direct to boot outlet?

Billionaire’s companies on the hoof

Graeme Hart businesses based in Auckland offices have moved a short distance away, Companies Office notices this month showing relocations reveal.

Particulars of addresses listed showed businesses that had for some years been on level 10 of the Citigroup Centre, 23 Customs St East are now on level eight of 45 Queen St.

Overarching business Rank Group as well as Rank Services, Fernbrook Residential Services and Fernbrook Investments changed addresses on June 18.

Rank’s registered offices remain on floor nine of the waterfront block 148 Quay St in the CBD so it’s just the company addresses which have changed.

Fernbrook is Hart’s relatively new south Auckland industrial property venture, owned by Rank Group.

Fernbrook’s website says that it has leased space in warehouse, logistics and industrial buildings it developed.

Synlait Milk leased a new twin-building development finished last year, with 1.8ha of internal space at 9 Jerry Green St, Wiri. One warehouse is 11,000sq m with 77 car parks while its neighbour is 7000sq m with 50 car parks. That project, not far from Auckland Airport, was completed last March, the website says. A sub-lease is understood to be in place there.

Rhenus Logistics leased building one at 90 Pavilion Dr, Airport Oaks, Fernbrook says. Building two at the same address was leased to freight company Mainstream, Fernbrook’s site shows.

Pak’nSave - why sell?

One can’t help noticing the unusual occasion of a prized Pak’nSave supermarket hitting the market.

The $1b NZX listed landlord Investore Property wants to sell its $37m popular big yellow box in New Plymouth, on a prime lot on an extremely long lease via exclusive agency with the Colliers folk.

Why sell? “Recycling capital,” was the answer from Philip Littlewood , chief executive of Stride Investment Management which manages Investore.

Colliers’ information memorandum supplied by agent Blair Peterken showed 53-65 Leach St to be highly attractive, advertising noting supermarket spending was “a non-discretionary/essential service”.

We’ve all got to eat, right?

“Pak’nSave New Plymouth represented a trophy investment located on the golden mile of all major supermarkets and fast-food outlets in that city.”

This landmark 10,633sq m site with dual access, triple road frontage and 320 car parks is fully leased to one of New Zealand’s largest grocery retailers Foodstuffs.

The property currently returns an annual rental of $1.84m plus GST with annual rental growth fixed at 2 per cent and market reviews five yearly.

“Supermarket assets of this calibre are highly coveted, given the security of a major national tenant and regular rental growth on offer.

The lease has a further 18 years to run, expiring in 2029 but renewal rights for a further 17 years. That could take the rent flow through to September 2046, assuming the right of renewal was exercised.

Phew, quite some cash stream.

A tenant of this financial might is unlikely to default on the rent and the information memorandum indicates that.

“Foodstuffs is 100% New Zealand owned and has been around for over 100 years. They’re a family of co-operatively owned NZ retailers, wholesalers and collectively, one of New Zealand’s largest employers – with 38,000 people working across 550+ stores, supply chain and support centres. Their stores are locally owned and operated by grocer families who’re embedded in their communities,” the IM said.

53 Leach St spans Courtenay St and Leach St both forming part of the State Highway 45 main arterial routes and one-way system of the city’s CBD.

Investore’s portfolio was valued at $1b as at March 31, down $99m or 9 per cent in the last year, primarily due to higher interest rates.

In the year to March 31, 2024, the company declared a loss after income tax of $67.1m due to the $98.7m reduction in fair value of its investment properties.

James Kirkpatrick Group’s mass timber building draws praise

This scheme announced last week drew extremely positive responses from many quarters, the sector excited by the radical plans.

The low carbon nature of the plans drew some to call them “epic”.

James Kirkpatrick Jnr , group chief executive and managing director, said the building was planned to rise 10 levels from the Karangahape Rd elevation, have around 9500sq m of office space with two levels of basement for 48 car parks and “encourage a high-quality tenant in line with some of the green initiatives required for their businesses or their clients”.

Once completed, the land and new building might be valued together at around $100m, he forecast, although resource consent has yet to be granted.

The group’s application for an 11-level building was notified, submissions closing on June 6: part will rise to 10 levels, part to 11, planners Mt Hobson Group said.

What does a ‘dark store’ for Woolworths look like?

Australian retailer Woolworths is launching this new direct to boot concept in which online orders are fulfilled.

The assessment of environment effects for the application at 25 Lake Rd, Devonport shows an existing building on the site is to be refurbished with new signage and cladding and utilised for the supermarket concept.

No store is to rise: only a fulfilment centre.

The existing premises are to be renovated and refurbished within the current footprint, with some new cladding proposed, repainting, and obscure glass to be used for existing glazing.

The premises will be used for storing food and grocery items and assembling those items to fulfil customers’ online orders, according to the assessment of environmental effects.

The items will be delivered to the premises from a larger sub-regional distribution centre, via truck.

“Customers then drive into the site during a pre-arranged collection ‘window’ and park within one of the five pickup bays in the forecourt area. The customer order is brought by staff to the customer’s vehicle, and loaded into the boot. The customer then leaves the site. Members of the public cannot enter the premises and would generally not leave their vehicles, and there is no retail facility, function or transaction undertaken on site,” the Assessment of Environmental Effects from Campbell Brown says.

The essentially flat L-shaped site area is 1535sq m and was at one point a petrol station, more recently a vehicle servicing centre.

Woolworths applied for its new use as a “freight depot”. The building is only 263sq m.

A truck loading dock and canopy will be constructed at the rear of the building, to provide for delivery of goods.

The proposal will enable Woolworths to respond to the increased demand in online orders that has occurred since the Covid-19 lockdowns. This demand has not abated, the assessment said.

It will ensure community needs, in particular in the Devonport area, can be met in a timely manner.

The proposal will enable Woolworths customers to get groceries more efficiently, with reduced vehicle kilometres and time spent in undertaking this regular household task. The reduced vehicle kilometres travelled will have positive benefits in relation to greenhouse gas emissions, the application said.

It will also provide employment, the assessment said.

Approval for the non-complying activity was granted on May 28 by Steve Seager, Auckland Council’s team leader of resource consents.

Anne Gibson has been the Herald ’s property editor for 24 years, written books and covered property extensively here and overseas.

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