STP Shipyard Palma, a luxury yacht refit and repair company has invested nearly €8 million to expand its superyacht services in Mallorca.
The expansion will see STP's facility grow from 130,000m² to 162,000m², including 102,000m² on land and 60,000m² in water. This strategic investment will enable STP to cater to the increasing demand for high-end superyacht services, facilitated by the construction of five new berths for yachts up to 110 meters in length.
The initial phase, already in progress, focuses on preparing the new docking area and installing infrastructure to ensure comprehensive service for large yachts.
Over the years we've received numerous requests for berths for yachts of this size, and with this expansion, we'll finally be able to meet this demand."
CEO
STP
Beyond expanding its docking facilities, STP is enhancing the operational efficiency of its site. By reorganizing work areas, the shipyard aims to optimize processes and reduce response times.
Acknowledging the importance of sustainability, STP's expansion also includes energy-efficient solutions. The installation of solar panels and energy storage systems aims to significantly reduce the yard's carbon footprint and promote environmental preservation.
This substantial investment will benefit not only STP but also the local economy. It is expected to create new jobs, boost economic activity, and elevate Mallorca's status as a premier yachting destination, alongside a projected increase in annual turnover for the yard.
The new berths are set to be operational by the end of 2024, with the entire project slated for completion by spring 2025.
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