Yacht Name: Ability -
Andreas Panayiotou Net Worth: US$ 500 million -
The Ability Group is on of the UK’s largest property developers. Panayiotou’s current yacht was built as RC for fashion designer Roberto Cavalli.
The yacht Ability is owned by Andreas Costas Panayiotous. He is founder, Chairman and CEO of The Ability Group.
The Ability Group is active in the UK and European real estate development. The group has developed more than 7,000 residential properties in the UK.
The company has a long-
The Ability Group has 800 employees. The UK holding company Ability Developments Ltd has an equity of GBP 63 million (US$ 80 million).
But the group’s holding is based in Cyprus and does not disclose figures. His sons George and Costas Panayiotou are also active in the company.
The British property developer is the son of Cypriot immigrants and was raised in East London. He wanted to become a professional boxer. But his parents asked him to join their dry cleaning business.
His first action in real estate was the development of flats above the dry cleaning shop.
Andreas Panayiotou net worth is now estimated at US$ 500 million.
The group is one of the largest real estate developers in the UK. Since Ability was formed in 1996, they built up a significant presence within the UK and European property markets. Across Residential, Commercial and Hotel sectors.
Panayiotou has owned many yachts, all named Ability. His current yacht is a 41 meter Baglietto. The yacht was built in 2004 as RC for Roberto Cavalli.
His previous yacht was a Mangusta 130 built in 2005. She was sold and now named Shane. And before that yacht he owned a 54 meter CRN yacht. This yacht is now known as Alouette II.
Ability is powered by 2 MTU engines, with a total of 7,400 hp. These bring her a top speed of 28 knots. Her cruising speed is 21 knots.
The yacht can accommodate 10 guests in 5 staterooms. She has a crew of 8. She is available for yacht charter. The yacht has an amazing interior. See some photos hereunder.
He owns a Bombardier DB 300 private jet. The jet has registration G-
He was the owner of a mansion named Heath Hall, in North London. In 2015 he sold the house for US$ 30 million.
We believe Panayiotou now lives in a Hilton Hotel in London. Do you know more about mr. Panayiotou’s residence? Please do send us a message.
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