UK boatbuilder Spirit Yachts has announced that building work on its expanded yard in Suffolk is expected to be finished early this summer. Once completed, the yard will have the capacity for superyachts of up to 37m (120ft) in length. It will also provide facilities for future growth of the existing team, says Spirit, with space for increased flexibility as well as workload.

Spirit has a number of new boats currently in build, including a 46ft sailing yacht and a 40ft power yacht. In February, the company launched Chloe Giselle, a 65ft modern classic. The yacht is currently being shipped to Singapore, where it will be unveiled at the Singapore Yacht Show in April.

Spirit is also investing heavily in attending key international boat shows, luxury events and regattas in 2015, and has recently launched a new Hong Kong office.

Chloe Giselle represents the start of an exciting new journey for Spirit Yachts in Asia,” says Spirit CEO and head designer Sean McMillan. “With our new Hong Kong office we are aiming to be at the forefront of the Asian yachting industry, whilst offering existing customers additional support in that area of the world as well as giving potential Asia-based clients the option of liaising with a local team.”

To maximise the potential of the increased waterside premises this summer, Nigel Stuart, Spirit’s newly appointed managing director, is looking to build on the company’s current profile by increasing consumer awareness and demand both at home and abroad. Stuart joined the company in August last year after seven years at the helm of Discovery Yachts.

“My experience is working with yachts internationally and I plan to build awareness of Spirit Yachts not only in the UK but also in Europe and the US, where we will be attending the key boat shows,” he says. “Traditionally customers have always come direct to Spirit via peer endorsement and I intend to build on this as well as increasing the number of opportunities to introduce our modern classic luxury yachts to consumers worldwide.”

Spirit Yachts has over 20 years’ experience designing and building hand-crafted wooden yachts for both the classic regatta scene and blue water cruising.