What Belle Brise Says About the Future of Ownership 

Originally launched by Perini Navi in 1993, the 48-metre Belle Brise returned to the market in 2026 after a comprehensive rebuild at Lusben in Livorno.

The project went far beyond a conventional refit, combining extensive restoration with major technical and systems upgrades while preserving the original yacht’s character and heritage. She is now commercially registered as a 2026 rebuild, creating an unusual proposition in today’s superyacht market: an established vessel transformed for modern ownership rather than replaced by an entirely new build.

Offered for €19.95 million and accompanied by a specialist leasing structure through St Julian’s Finance, Belle Brise raises a broader question for the market: when an exceptional existing yacht can be comprehensively rebuilt and repositioned for modern ownership, how should owners think about the value of rebuilding versus buying new?

A Different Approach to Yacht Ownership

Belle Brise also illustrates a wider question facing the superyacht market: what happens to exceptional yachts as they mature?

For vessels with strong design heritage, engineering and provenance, age does not necessarily mean the end of their commercial or ownership life. A significant rebuild can preserve the character of an established yacht while renewing the systems and capabilities required for the years ahead.

Rather than viewing finance simply as a way of funding an acquisition, specialist asset-backed finance considers the yacht itself as central to the structure. For St Julian’s Finance, this forms part of a wider approach to yacht and aircraft finance, with the company providing financial and operating lease solutions around high-value physical assets.

Belle Brise provides a tangible example of that philosophy. The rebuild was not simply about returning an older yacht to the water. It was about recognising the value of an exceptional asset, investing in its future and creating the conditions for it to begin another ownership chapter.

“There’s something special about watching a yacht like Belle Brise come back to life. You can restore the engines and the systems, but what really matters is that she still moves the way she was always meant to move through the water. Seeing her back in Malta, ready for her next chapter, is exactly why we do this.” Willem Steenkamer, CEO & Board Member, St Julian’s Finance

The Journey Continues

Belle Brise’s return to Malta marked the next stage of her journey following the rebuild. For St Julian’s Finance, the island is home to both its maritime and financial operations, making her return a particularly fitting part of the yacht’s story.

Her next stop will be the Monaco Yacht Show from 23–26 September, where she will be presented to the international superyacht community and prospective new owners.

Belle Brise offers a different perspective on the future of yacht ownership. It is not always about what is newest, but about recognising what already has value, history and character, and understanding what can be achieved by investing in its future.

Her transformation shows how an exceptional yacht can be carefully rebuilt and repositioned for a new generation of ownership, preserving what makes the vessel special while giving it the capability to move forward.

Belle Brise is now available for acquisition through St Julian’s Finance.

To learn more about Belle Brise and St Julian’s Finance’s approach to yacht finance, visit sjfinance.eu.

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