Keep it local: must-visit hotspots for a late summer charter

summer charter monaco

From Monaco to Saint Tropez, the Mediterranean’s most iconic stretch of coastline is the quintessential playground for the superyacht set. Let’s take a look at the hotspots to visit during a late summer charter.

The place where luxury yacht charter all began, the Côte d’Azur is home to the glamourous seaside towns of Saint Tropez and Cannes as well as, of course, the glittering Principality of Monaco. They are also where some of the Mediterranean’s finest marinas are located, all within a champagne-popping range of gourmet restaurants, A-list clubs and designer boutiques.  

Monaco’s Port Hercule is an intriguing mix of history and glamour, contributing to the Principality’s legendary status. For visitors looking to soak up some rays or enjoy an informal al fresco lunch, the Principality has several private beaches, including the popular Monte-Carlo Beach, with its own stretch of sand and jetty.

For those searching for a more relaxed experience, a sea-view pool, modern facilities and more than a dozen massages make Les Thermes Marins de Monte-Carlo a must-visit spa for any serious spa-goer. Its exceptional setting offers views over the Mediterranean Sea, which inspires the spa’s holistic approach, using the benefits of seawater to treat both physical and mental well-being.

Or pop into the Spa Métropole by Givenchy. The spa has access to a Lagerfeld-designed pool and gardens in a haven away from the bustling Casino Square.  

For those looking for a spot of culture, the Palais Princier de Monaco on the Rock has a typically Provençal setting and it’s well worth climbing up for the spectacular views over the Principality. Watch the changing of the guard in the Palace Square or wander through the streets to the Jardins Saint Martin. If you are on a charter with the family, take the children to the Oceanographic Museum with its famous aquarium and Odyssée des Tortues Marines.  

Having worked up an appetite, Monaco has plenty to offer all taste buds. Le Louis XV is probably Monaco’s most exclusive dining establishment, and with three Michelin stars and Chef Alain Ducasse at the helm, expect to be wowed. In contrast, those looking for a more casual but equally tasty beach lunch should head to La Note Bleue for a simple salad or catch of the day. 

summer charter monaco
Head up to Cannes’ old town of Le Suquet for a spot of bar-hopping and spectacular views. Photo source: Jim Thirion, Unsplash

The entire stretch of coastline is known for its plethora of designer boutiques and quaint local artisan shops, and Monaco is where you will find a who’s who of the most prestigious names in luxury from around the world. Further, along the coast, Cannes’ once small fishing village has become a charming seaside destination. If you are still looking to shop, the famed Boulevard de la Croisette along the seafront is the place to head for more designer boutiques, while the Rue d’Antibes has internationally-recognised brands. 

While in Cannes, make sure to visit the Musée des Explorations du Monde, a small museum located in Le Suquet. You should spend an evening up here, in Cannes’ old town, where you can hop from bar-to-bar without moving more than a few feet.

You may be staying on board, but you should still head ashore to dine at the historic Carlton Cannes, a Regent hotel that opened this summer after an impressive two-year renovation. The “Grand Dame of La Croisette” has plenty of choices regarding places to drink and dine. One of the new additions is the Turkish restaurant Rüya, plus the exclusive Bar 58 and courtyard terrace. However, the Riviera Restaurant is the most iconic dining establishment. Many charter brokers, including those from Monaco-based brokerage Northrop & Johnson, will tell you that this is the place to book for a memorable occasion on the terrace, overlooking the Croisette with views of the Mediterranean Sea. 

Back on board, Ile Sainte Marguerite and Ile Saint Honorat, collectively known as the Iles de Lérins, lie just across the Bay of Cannes and offer peaceful anchorages away from the bustling port.  

Then it’s time to head to Saint Tropez. The beautiful old port is the town’s focus and the perfect place to finish a charter along the coastline of the Côte d’Azur, with Monaco at the other end of the itinerary (or vice versa). Offering a great deal more to soak up than just the sun, Saint Tropez itself boasts an ancient charm.  

Jump off your yacht onto the quay and head to the Citadel, which houses the Naval Museum. Perched above the town, it offers fantastic views over the pastel-colored buildings lining the port. At the same time, several other historical sites exist, including the Three Towers and the Chapelle Sainte Anne. Several art galleries and museums also house art from many of the world’s most famous artists inspired by the small fishing village and the Provençal light widely adored by painters.  

After a spot of culture, it’s time to browse the boutiques that line the harbour front. Like Monaco and Cannes, Saint Tropez is renowned for its luxury labels, and many of the top international brands have unique pieces dedicated to the quaint seaside town. Plenty of local designers also sell unique pieces, with pop-up stores opening throughout the summer.  

The long stretching Pampelonne Beach near Saint Tropez. Photo by Monaco Life

Just around the headland, Pampelonne Beach may not be in Saint Tropez itself, but it’s definitely part of the “St. Trop” scene. The popular stretch of sand is known for its glamour and ambience, and is where you will find legendary beach clubs, the likes of Le Club 55.  

Whenever, and however, you choose to visit the glittering hotspots of the Western Mediterranean, a late summer charter is the perfect time to drop anchor and avoid the peak season crowds.  

“Saint Tropez, Cannes and Monaco are perennially popular, and the streets are busy during July and August. Of course, those visiting by yacht have a distinct advantage because they are dipping in and out,” says Charter Broker Fiona Maureso from Northrop & Johnson.  

 

Make sure you’re never left out of the conversation. Sign up for the Monaco Life newsletter, and follow us on Facebook,  Twitter,  Instagram and LinkedIn. 

 

Featured photo source: Rust Kenton, Unsplash

A busy few months ahead for MEB members

On the Yacht Club of Monaco’s Observatory Deck, the Monaco Economic Board (MEB) returned to work on Tuesday after the summer holidays for its 42nd Members Rendezvous. It was an opportunity to look ahead to the many events planned between now and the end of the year.

To an audience of 350 decision-makers and officials at this networking cocktail, Chairman Michel Dotta’s welcoming remarks reflected a certain optimism, following an excellent summer season in terms of tourism and good results for other sectors like construction and real estate. For his part, MEB Executive Director General Guillaume Rose presented the many events the team has arranged between now and the end of the year.

Two talks by renowned economists are on the agenda: Jean-Pierre Petit, President of Cahiers Verts de l’Economie, in partnership with Jutheau et Husson on 16th September, then Christophe Barraud, Chief Economist and strategist at Market Securities on 4th October as part of the Monaco Business Show, of which MEB is a partner. There will also be a talk by the MEB / Monaco Matin Eco Club on attractiveness at the show.

MEB will also take the opportunity to renew its cooperation agreement with the Sophia Antipolis Foundation, with a signing on their shared stand, to ramp up its regional activities.

It also continues its partnership with the Government’s digital transition programme, Extended Monaco for Business, including co-organising a conference on proptech on 24th November.

Finally, the yearend sees the 11th MEB / Monaco Matin Eco Club Awards which recognises outstanding companies in the Principality on 29th November in the Grimaldi Forum.

Photo from left to right Jean-Jérôme Perrin-Mortier, Director General of Peace and Sport; Guillaume Rose, Executive Director General of the MEB; Michel Prost-Dumont and Sophie Arnaud-Deromedi, respectively Vice-President and President of the Foreign Trade Advisors of France in Monaco; Michel Dotta, President of the MEB, H.E. Maguy Maccario Doyle, Ambassador of Monaco to the United States and Canada, credit MEB / Carte Blanche

Many activities are planned on the international scene, with three Trade Missions on the agenda, first to Montréal and Toronto (18th to 24th September) with Monaco’s Embassy in the United States and Canada, then to Madrid (13rd to 15th October) with Monaco’s Embassy in Spain, and lastly to Paris (13th to 15th December) to coincide with a performance by the Opéra de Monte-Carlo.

In Monaco, two delegations of entrepreneurs, one from Carinthia in Austria (7th October) and the other from Estonia (20thOctober) are expected to forge new economic ties.

And now that digital technology is indispensable for prospecting, MEB will participate in the China International Import Expo, a major trade fair for Chinese importers and companies wanting to set up or grow their business. Monaco will have a virtual national pavilion created in collaboration with the Monaco Embassy in China.

Another big opportunity will be when the Principality hosts the Mondial des Conseillers du Commerce Extérieurs de la France(CCE) from 19th to 21th October. Sophie Arnaud-Deromedi (Adstoria) and Michel Prost-Dumont (Banque Populaire Méditerranée), Vice-President and President of the CCE in Monaco presented the event alongside Guillaume Rose. It will gather around 1,000 French business leaders, working in more than 100 countries. Fifty MEB company members will have a chance to meet them at one-on-one meetings, and benefit from the business sessions and a networking cocktail.

Another organisation highlighted was Peace and Sport. Its CEO, Jean-Jérôme Perrin-Mortier talked briefly about its mission to promote peace through sport in regions where there are tensions and conflict. These are tangible projects that provide opportunities for companies to develop their CSR policies. Jean-Jérôme Perrin-Mortier will be back again for the International Forum that Peace and Sport is organising in Monaco 1st to 2nd December 2022.

At the Members Rendezvous, participants took full advantage of the fabulous setting to exchange cards, talk business and find prospective customers during a five-star cocktail.

 

Photo above credit: MEB / Carte Blanche

 

 

 

France creates task force amid ‘historic’ drought

The French government has activated a crisis task force to coordinate efforts to alleviate the impacts of a “historic” drought exacerbated by a third extreme heatwave of the summer. 

Water restrictions have already been ordered in nearly all of France’s 96 mainland departments, with 62 at the highest alert level, and the Meteo-France weather agency has forecast little relief for the coming weeks.

“This drought is the worst ever recorded in our country… the situation could persist for the next two weeks or become even worse,” the office of Prime Minister Elisabeth Borne said in a statement.

The dry conditions are a “disaster” for farmers across the country as well as for “our ecosystems and biodiversity,” it added.

And soaring temperatures have increased the evaporation of lakes and rivers whose levels have fallen just as irrigation needs are increasing ahead of autumn harvests.

The state-controlled electricity provider EDF has also had to reduce output at several nuclear plants because river temperatures have become too high, which means water used to cool reactors cannot be safely returned to natural waterways.

“Faced with this historic situation, the prime minister has decided to activate an interdepartmental crisis task force and urges everyone to conserve our water resources,” her office said.

But the statement did not address growing criticism over exceptions that have been granted to golf courses, which are being allowed to continue watering greens even in departments now on drought crisis alert.

Several other European countries have also issued severe drought warnings, with the EU urging members this week to re-use treated urban wastewater for the continent’s parched farms.

 

 

Monaco Life with AFP. Photo by Mike Erskine on Unsplash.

 

 

 

Leclerc wins Bahrain opener in Ferrari one-two

Charles Leclerc won Formula One’s season-opening Bahrain Grand Prix in a Ferrari one-two finish with team mate Carlos Sainz on Sunday.

Mercedes’s seven-times world champion Lewis Hamilton took a surprise third place after a nightmare for Red Bull and reigning champion Max Verstappen who failed to score.

Ferrari’s last win before Sunday was with Sebastian Vettel in Singapore in September 2019.

Read our full analysis of the race on Monday…

Photo credit: Scuderia Ferrari Press Office

Here are some of the hottest luxury yachts available during the Monaco GP

The Monaco Grand Prix is one of the most awe-inspiring events on the global sporting calendar, and experiencing it from the comfort of your own luxury charter yacht is a reservation like no other.

Whether you’re an annual Grand Prix attendee or a new-goer, experiencing this powerful event from a superyacht charter allows for unlimited privacy, luxury and comfort. The options are endless, from yachts carrying high-performance water toys to those boasting on-water spas and gyms. Luxury yachts come in all shapes and sizes, so whether you’re looking to gather an intimate group of people, or throw a party, there is a perfect yacht charter for everyone. If you’ve never witnessed the Grand Prix from the decks of your own luxury yacht, it is time to push the envelope and see what all the excitement is about.

“The Monaco Grand Prix is one of the top events in Monaco, and being on a luxury yacht right there by the track is an experience like no other,” says Northrop & Johnson Managing Director, Europe Patrick Coote. “A superyacht charter allows for optimal privacy, luxury and entertainment as well as a front-row seat to watch the Formula 1 drivers speed across the track.”

Northrop & Johnson has compiled a list of the hottest luxury charter yachts available for the Monaco Grand Prix. All yachts are subject to change due to availability.

Da Vinci

The 2017 164’ (50m) Mangusta superyacht Da Vinci is as beautiful as they come. She reaches speeds of over 38 knots and is an ideal yacht for speed-demons and thrill-seekers. While Da Vinci’s high performance is something to marvel at, her stunning interior and exterior design notes are what makes her so unique. The yacht’s decks are incredibly spacious, with impressive visibility past her sleek structure. The spa pool surrounded by sunpads welcomes guests to soak up the sun in complete luxury. Da Vinci’s plethora of exterior areas makes her a dream party and entertainment charter yacht. The yacht can accommodate 12 guests in five beautiful cabins. Her interior spaces are just as comfortable and elegant as her exterior, with high-quality finishes, huge windows and a colour scheme that exudes luxury. Da Vinci is priced from €225,000 per week, plus expenses.

Veni Vidi Vici

At 130’ (39.6m), Veni Vidi Vici is a semi-custom Mangusta that prioritises performance without compromising luxury. Built in 2006 and full-refitted in 2019, this yacht offers a chic, welcoming ambiance both inside and out. Veni Vidi Vici’s interior spaces feature dramatic design elements with beautiful lighting and huge windows. The retractable roof seamlessly merges the outdoors to the main salon to create a unique lounging and socialising area for guests. The charter yacht welcomes 11 guests in five well-appointed staterooms. Veni Vidi Vici’s deck spaces offer endless entertainment possibilities, from alfresco dining to sunbathing on the aft and foredecks. This is an ideal setup for parties with friends and family. Veni Vidi Vici is priced from €120,000 per week, plus expenses.

Veni Vidi Vici

A&A

Launched by CRN in 1974, and refitted in 2021, charter yacht A&A combines class and comfort to create a truly beautiful on-water retreat. A&A welcomes 10 guests in five well-appointed staterooms, all featuring the same warm, welcoming design as the rest of the yacht. The main salon is traditional and features stunning wood paneling and large windows allowing for a flow of natural light. The sheltered aft deck is the perfect locale for alfresco dining, and the spacious sundeck is ideal for socializing around the bar or sunbathing on the sunbeds. At the bow, guests can relax and admire the views on the huge sunpads. A&A is priced from €38,000 per week, plus expenses.

Scott Free

Built in 2009 by Abeking & Rasmussen, the 196’ (60m) Scott Free is a highly regarded charter yacht that has been built and maintained with entertainment in mind. The yacht was refitted in 2022 and features a beautiful main salon with a trendy bar, a spacious skylounge and lots of space for alfresco dining and socialising. Scott Free’s large sundeck showcases a sit-at bar with a barbeque and optional awnings when shade is desired. The charter yacht can host 12 guests in six staterooms. This is an ideal yacht for entertaining and relaxing, with an on-deck Jacuzzi and gym equipment. Scott Free is priced from €370,000 per week, plus expenses.

Moskito

Delivered in 2021 by Heesen yachts, Moskito is 180’ (55m) of pure excellence. The yacht hosts 12 guests in six awe-inspiring staterooms. Her modern interior is a dream for design enthusiasts. The intelligent styling wraps guests in a feeling of elegance and comfort with an earthy palette and high-end finishes. Moskito’s laundry list of unique features includes a lower deck wellness area with a sauna, steam room and gym, a large Jacuzzi and a full-beam skylounge with floor-to-ceiling glass sliding doors for panoramic views. The deck spaces of Moskito are impressive, with endless dining and lounging spaces. The yacht’s infinite aft deck spaces ensure guests will never be without entertainment. Moskito is priced from €350,000 per week, plus expenses.

Loon

Characterised as one of the most desirable yachts on the charter market, the 180’ (54.86m) Newcastle Loon welcomes 12 guests to enjoy restful nights in her six generous staterooms. Loon’s timeless interior is combined with her modern exterior spaces to create an ideal yacht for charter with family and friends. The yacht is equipped with an elevator for seamless access to all levels. The panoramic skylounge is the primary social area of the yacht with sweeping views, a full-service bar and easy access to the aft deck for alfresco dining and lounging. The expansive sundeck features a covered Jacuzzi, another full bar and tons of sunloungers. Loon is priced from €325,000 per week, plus expenses.

A&A, photo by Alex Turnbull

Hurricane Run

Built by renowned yacht builder Feadship in 2009, Hurricane Run boasts sleek, clean exterior lines and vast exterior areas. She measures 175’ (53.50m) in length and can accommodate 12 guests in six well-appointed cabins. The main salon features minimalist, crisp styling with a monochromatic palette to create a comfortable atmosphere. The expansive aft deck leads to a large swimplatform, perfect for swimming and watersports. Hurrican Run is a testament to her famed builder and features all the luxurious amenities expected on a yacht of her caliber. The sundeck onboard Hurrican Run is impressive, with endless seating options, a Jacuzzi and a full bar. Hurricane Run is priced from €245,000 per week, plus expenses.

La Pellegrina

La Pellegrina is a 164’ (50m) Couach delivered in 2012 and refitted in 2020. The luxury charter yacht welcomes 12 guests in six stunning staterooms. La Pellegrina’s bright and light interior décor contributes to her charming aesthetic. The floor-to-ceiling panoramic windows in the main salon ensure a breathtaking view from every angle. The master suite on the bridge deck features a private deck and gym equipment. Three decks make up La Pellegrina’s exterior spaces. The sundeck is the place to be seen, with comfortable sunbeds and a spa Jacuzzi. For alfresco dining, the main deck aft can be utilised for meals under the stars. La Pellegrina Is priced from €240,000 per week, plus expenses.

K2

The 2021 162’ (50m) Columbus K2 is a striking yacht for charter, featuring a sporty exterior design and a comfortable interior. K2’s spacious foredeck features a hot tub and sunpads, making it the perfect locale for lounging. The yacht welcomes 11 guests in five staterooms, all complete with the same contemporary design as the rest of the yacht. K2’s beach club brings everyone together to hang out close to the water and make memories to last a lifetime. K2 is priced from €270,000 per week, plus expenses.

Rocket

At 163’ (49.8m) in length, Rocket was delivered in 2011 by Heesen and underwent a complete refit in 2021. Rocket is a floating work of art, with dramatic interior and exterior design and stark contrasts of black and white finishes. Her highly unique interior makes guests feel like they are in a sculpture, with functional artwork features such as the stunning staircase. Rocket’s six-stateroom layout welcomes up to 12 guests. The yacht’s bespoke circular skylounge offers 270-degree views. Rocket showcases ample living and entertainment spaces with shaded dining and lounging areas and a hot tub on the sundeck. Rocket is priced from €230,000 per week, plus expenses.

Da Vinci

Eiv

Delivered in 2020 by Rossinavi, Eiv sits at 160’ (48.80m) in length and showcases a captivating design resembling an Italian automobile. The yacht’s unique exterior aesthetic, coupled with her comfortable interior spaces, create the perfect charter option. Eiv’s stylish design can be seen in every inch of the yacht, from the touches of onyx on the interior to the modern Jacuzzi and seating located forward and sundeck resistance pool. Eiv is nothing short of entertaining, her aft decks encouraging alfresco dining and socializing. Eiv sleeps 10 guests in five staterooms and is priced from €245,000 per week, plus expenses.

Silver Wave

The 150’ (45.72m) Palmer Johnson yacht Silver Wave is a masterpiece that combines design and performance. She was launched in 2009 and refitted in 2017, leaving her in primed condition. Silver Wave welcomes 10 guests in five staterooms. Bright white sunpads and couches complement the yacht’s striking metallic hull. Her deck spaces are full of entertainment possibilities. Silver Wave is priced from €110,000 per week, plus expenses.

My Little Violet

Launched in 2006 by Abeking & Rasmussen, My Little Violet measures 149’ (45.60m) in length and welcomes 10 guests onboard in five comfortable staterooms. The yacht’s interior is adorned with suede, silk and leather to create a cozy atmosphere. My Little Violet’s expansive deck spaces are ideal for relaxing and enjoying meals alfresco. My Little Violet is priced from €180,000 per week, plus expenses.

 

 

 

Millennials driving sustainable investing

New research from Barclays Private Bank shows that the younger members of wealthy families are pushing ESG investing, acting as a common ground for the different generations in financial planning, despite competing priorities and different views towards risk.
Barclays Private Bank’s Smarter Succession: The Challenges and Opportunities of Intergenerational Wealth Transfer research, undertaken by global intelligence business Savanta, identified that two thirds, or 68%, of older High Net Worth Individuals (HNWI) say that their children have been leading the family on sustainable and responsible investment matters.
As a result, sustainable investing is now resonating with more high net worth HNWIs of all ages and generations, uniting families around shared goals of investment responsibly and making financial returns. One in 10 of all generations say that having a positive environmental impact is a top personal aim, and 37% strongly agree that responsible investing is now important to them, demonstrating the potential of ESG issues to align with overall wealth objectives across generations and bring families together around securing their financial future.
Furthermore, for around four in five of each of the studied age groups, investing responsibly is important to them to some extent, with 81% of under 40-year-olds, 77% of 41 to 60-year-olds and 86% of over 60-year-olds agreeing.
Changing family attitudes are shifting portfolio allocations
Changing attitudes have led to a substantial shift in the way HNW families are investing, with almost four in five – 78% – expressing their views on social and environmental responsibility in their investments.
This shift is highest in the UK with 83%, and the Middle East with 82%. India is lower in comparison, but still with 62% investing with social and environmental considerations, this indicates that there is a significant international movement towards a more sustainable investment approach.
For those who aren’t already investing this way, 22% of the elder generations would like to find out more about their sustainable investment options, and 19% are interested in understanding more about investing specifically for positive social and environmental impact, suggesting that the trend is likely to continue to grow.
Finding sustainable common ground in succession planning
Sustainable investing may provide a place for common ground between the generations, where issues such as risk appetite continue to bring conflicting views from different generations. 61% of family members cite different risk appetites between the generations as affecting the direction they collectively take on investments.
High net worth families say that broadly different life values (57%), the impact of social media (47%) and differing educational backgrounds (40%) are also areas that are contributing to different outlooks and priorities between the generations, and in turn affect financial and succession planning.
Half of this millennial generation say that these factors contribute to them feeling that their overall financial aims and objectives are not understood by the rest of the family.
Older generations passion for philanthropy
Philanthropy is another area where the younger generations are taking a role in using family wealth to positively affect the world, but in contrast to sustainable investing, charitable giving tends to be led by the older generation, showing that each age group is finding different ways to give back to society.
Over 60-year-olds more commonly say that philanthropy is their passion (38%) than the under 40-year-olds (20%), but in the majority of families (74%), the older generation hands responsibility for managing philanthropic activity to their children.
“Our research shows how the younger generations, who have been engaged longer with sustainable investing, are providing a vocal impetus within their families to shift the perspectives of older generations,” said Damian Payiatakis, Head of Sustainable and Impact Investing, Barclays Private Bank. “As well, most of the narrative around sustainable investing focuses on the benefits for your portfolio alongside people and planet. Now, we can see its potential benefits for aligning your family around shared values and supporting intergenerational wealth transfer.
“With the heads of the families thinking about succession planning and investing beyond their personal lifespan, our conversations has extended to include how sustainable investing can secure their children’s future, their readiness to inherit family wealth, and a common ground for family discussions around wealth.”
 
Photo source: Pixabay