08 April 2024
Denizen of the Gold Coast and global citizen, Mitchell Torrens was born into boating. Both his parents were champion water-skiers with world records to their names, and growing up on the coast meant he took to the water with gusto – boating before he could walk and securing his boating license on his 14th birthday.
Now, as Director of Torrens Luxury Collection (TLC), Torrens is diversifying the business and carving out his own extraordinary path.
Ocean magazine: How has growing up on the Gold Coast influenced your outlook and career?
Mitchell Torrens: I was born to remarkable parents. My mother Sharon underwent two kidney transplants and was the first woman to have a child after receiving a transplant. Her journey instilled in me an appreciation for life’s precious moments.
Growing up on the Gold Coast taught me the value of resilience and hard work, which have greatly influenced my outlook and career trajectory. Witnessing my parents’ dedication and determination as they built Grant Torrens International Marine at the Sovereign Islands was truly inspiring.
I developed a strong connection with the water, with many treasured memories of boating adventures in exotic locations. Being immersed in this environment from a young age taught me valuable lessons about perseverance and the importance of striving for excellence.
As I grew older, I became actively involved in the family business, learning the ins and outs of the marine industry, from sales and charter to management, contracts and shipping.
Witnessing the groundbreaking achievements of my parents’ company – such as becoming Asia-Pacific’s largest brokerage house – fuelled my ambition to push boundaries and make a lasting impact in the industry.
What are your first memories of boats and boating?
One of my earliest and fondest memories of boating is at my family’s favourite destination, Hamilton Island. Boating around the island surrounded by the beauty of the Whitsundays is where my love for the sea and adventure truly began.
Who have been some major mentors over your life and career, and what wisdom have they imparted to you?
My major mentors in life and career have undoubtedly been my parents. Even after her passing 14 years ago, my father often reminds me to consider, “What would Mum do?”
Her legacy of professionalism and kindness continues to shape my approach to business and my personal interactions. One of the most valuable lessons they’ve imparted to me is the importance of treating others with the same respect and kindness I would want for myself.
What made you decide to continue in your dad’s footsteps and build on TLC?
After my mum’s passing, I found myself stepping into many of her roles within the business alongside my father Grant, taking on the position of CEO.
In 2014, we made the decision to sell our family business to Princess Yachts. I had the opportunity to contribute to Princess Yachts Australia by designing custom interiors for their clientele, incorporating designer brands owned by their parent company LVMH, such as Missoni, Louis Vuitton and Fendi. However, despite the excitement of this new venture, we missed the dynamic world of brokerage and the ever-changing experiences it brings.
With TLC, we not only operate as international brokers but also serve as buyers’ agents, assisting clients with every aspect of their luxury asset journey, from purchase and charter to crew placement and cruising. The allure of the brokerage industry’s diversity and the thrill of navigating unique deals inspired me to continue in my father’s footsteps and build upon our family legacy.
What do you enjoy most about working in this industry?
Definitely its global nature. One week, I could be in the Bahamas, and the next, I might find myself in Monaco. As my father always emphasises, “Throw away your watch; this is a 24-hour business.” The dynamic and fast-paced nature of the industry keeps me engaged and energised.
The fact we’re dealing with luxury assets adds an extra layer of enjoyment. What’s particularly special is the relationship we build with our clients along the way – it’s not just a transaction, it’s a journey that often leads to lasting friendship. Facilitating these transactions while travelling the world and meeting fascinating people is truly the highlight of working in this industry for me.
What’s your normal boat-show calendar and travel schedule like each year?
It typically begins with the Palm Beach Show in March, followed by the Sanctuary Cove International Boat Show in May, where we often host a VIP TLC suite at La Luna Beach Club in Marina Mirage, Main Beach, to entertain clients.
One of the highlights this year will be the Monaco Historic Grand Prix, leading up to the prestigious Monaco Grand Prix in May. During this time, we have the privilege of hosting clients on a stunning yacht we’ve sold, appropriately named Champagne and Caviar, on Port Hercule, Monaco.
Guests will be treated to an unforgettable experience, watching the Grand Prix in style on board, with exclusive access to Pit Lane, where they can meet race drivers and teams, as well as VIP access to the Chicane Club Lounge right by the track.
Following the excitement of the Monaco events, we dive into a busy sales and charter season in the Mediterranean, which culminates in the Cannes and Monaco yacht shows where we plan on meeting with clients and showcasing the exceptional luxury assets we have for sale and charter.
How have you seen the Australian superyacht industry (visitation, facilities) evolve over the last five years?
Australia has matured, especially in the wake of the pandemic, with people appreciating life and embracing the opportunity to spend quality time on the water with loved ones.
One noticeable trend is the influx of younger generations, and new boating families entering the scene. This demographic shift has brought fresh energy and enthusiasm to the industry, contributing to its growth and vitality.
Also, the development of new superyacht marinas and innovative facilities – such as floating beach clubs like La Luna on the Gold Coast and superyacht expansions at the Southport Yacht Club – reflects a commitment to enhancing the boating experience for both locals and visitors.
Events like Hamilton Island Race Week have also seen a significant evolution, attracting larger crowds and further solidifying yachting as a lifestyle choice.
Australia’s appeal as a superyacht destination has surged, leading to a boom in foreign superyachts visiting our shores. These vessels are drawn by Australia’s pristine beaches, excellent dive spots, safety and world-class refit yards, with industry groups like Superyacht Australia promoting us on a global stage.
How has the charter market changed?
There has been a notable shift in consumer behaviour, with many Australians opting for luxury charter experiences for the first time.
Families, in particular, are increasingly drawn to the allure of charter, relishing the opportunity to spend quality time together aboard yachts while enjoying exceptional service and cuisine.
I’ve observed a remarkable elevation in the standard of service. A contributing factor is the return of Australian crew members, and their presence has undoubtedly played a pivotal role in raising the bar within the industry. Overall, the charter market in Australia has not only matured, but also become more inclusive.
Which boats have you owned that have been stand-outs?
One stand-out has undoubtedly been the 92-foot Mangusta Super Sports Yacht Vanish. This yacht epitomised Mangusta’s renowned design and build quality, boasting an entertainer’s layout, impressive speed and remarkable fuel efficiency. It also has a rare shallow draft of approximately 1 metre, allowing access to shallow spots and beachfronts that many yachts can’t reach.
When my father and I acquired it in Monaco, it marked the beginning of unforgettable summers cruising the South of France and visiting destinations like St Tropez, Antibes, Cannes, Palma, Spain and Ibiza. Once the season concluded, we entrusted Vanish to our long-term shipping partner Aurora Logistics to transport her back to Australia.
Do you see yourself doing this for another 20 years or so, or do you have other ambitions?
There are still numerous goals to achieve both professionally and personally. The dynamic nature of our markets excites me. It’s this ever-changing landscape that keeps us on our toes, constantly innovating and adapting to meet the evolving needs of our clientele.
I envisage leading TLC into the future for many years to come, and am eager to witness the evolution of luxury asset sales and the continued transformation of our industry. There’s a sense of anticipation and enthusiasm in charting this course, and I look forward to embracing the journey ahead with passion and determination.