“For over 30 years, Sven von der Heyden, founder and Chairman of the Von der Heyden Group, has successfully undertaken some of the most challenging real estate development projects around Europe. His vision to push boundaries while ensuring the highest standards has remained unchanged.”
Source: Malta Stock Exchange Business Review
Investments set in stone MSE 11 10 2022
“Former Finance Minister and Executive Director at Von der Heyden Group TONIO FENECH says diversification in markets and investments is key in a world in constant transformation. In a recent interview with The Malta Independent on Sunday, Fenech adds that the Group’s initial focus on high-quality real estate has enabled them to branch into a series of high-end and complementary services with great success.”
Source: The Malta Independent
“With a sprawling global portfolio spanning real estate to luxury hotels and hospitality, The Von der Heyden group has gone from strength to strength in recent years, despite the confines of the pandemic.”
Source: Malta Business Weekly
“With the Group’s new €35 million bond issue, Von der Heyden Group’s founder and Chairman, Sven von der Heyden, talks through the Group’s exciting history, its proudest highlights to-date, and the ongoing pro- jects that make the future look bright – for the Group and its investors…”
Source: The Sunday Times of Malta
The Sunday Times of Malta interview with Sven von der Heyden
“Von der Heyden Group may not be the first name to spring to mind when you think of legacy real estate and investment in Malta but – perhaps – it should be…”
Source: Times of Malta
Von der Heyden Yachting, a subsidiary of Malta-based international investment firm Von der Heyden Group, has partnered with industry experts Yacht Carbon Offset to address their greenhouse gas (GHG) emissions impact.
The company, flying the Riva exclusive dealership flag, has worked with the specialised environmental service organisation to offset the net environmental impact of its past 55-charter season around Malta and the Italian Riviera.
Head of Sustainability for the Group, Anuschka von der Heyden, said, “Although we take the precautions to ensure an eco-conscious ethos in everything that we do, we are mindful of the superyacht industry’s real impact on the environment. While we see the industry’s technology develop more sustainably, Von der Heyden Yachting will be committed to counterbalancing its impact through investing in renewable energy.”
Von der Heyden Yachting has offset 126 tonnes of CO2e by supporting the development of the Soubré Hydroelectric Power project in Cote d’Ivoire.
Developed under the umbrella of the United Nations to meet emissions reduction goals, the offsetting tool works to counterbalance unavoidable greenhouse gasses. Since its inception in 2008, Yacht Carbon Offset has offset over a quarter of a million tonnes of CO2e in renewable energy sources.
Over the last six months, Von der Heyden Group has recorded ESG-focused activities, including its LEED Gold level planning in its newest A-class building development in Poznań, preparations to align with the European Commission’s Corporate Sustainability Reporting Directive (CSRD) coming into action in 2024, as well as its participation among 191 other countries for World Clean Up Day.
The Group also recently celebrated the official opening of its 5th catering establishment Hammett’s Monastik, whose farm-to-table concept focuses on sourcing at least 90% of its produce from sustainable, organic, and local sources.
Von der Heyden Group Finance PLC has announced that its new ten-year €35 million bond issue with an annual interest rate of five per cent has been fully subscribed, with its offer period closing earlier. The Bond Issue was allocated amongst the maturing Bondholders and authorised financial intermediaries in accordance with the terms of the Prospectus, with subscriptions closing early on the 24th of November 2022.
The intermediaries offer closed before its due date on the 2nd of December. The new unsecured bonds, having a nominal value of €100 per bond issued at par, are guaranteed by the Group’s parent company, Timan Investments Holdings Limited.
The bonds are expected to be admitted to the Official List of the Malta Stock Exchange on the 16th of December, and trading is expected to commence on the 19th of December.
Chairman of Von der Heyden Group Finance Tonio Fenech thanked the investing public, particularly maturing and new bondholders and authorised financial intermediaries, for their unwavering support in this Bond issue.
Sven von der Heyden, Chairman and Founder of the Von der Heyden Group, mentioned how 2022 was a defining year, having started the above-ground works of Andersia Silver, the final development phase of Poznań’s Financial district in Poland, taken steps to acquire its flagship luxury boutique hotel in Malta as well as other investment classes in the European markets of which the Group operates.
The success of the Von der Heyden Group bond issue was possible through the guidance and support of several entities, including Calamatta Cuschieri (Sponsor & Co-Manager), GVZH (Legal Counsel), and EY (auditors and financial advisors).
European investment firm Von der Heyden Group headquartered in Malta has acquired a prominent location on the waterfront of the Mahón Marina in Menorca. The Group has established on Balearic Island with a two-decade history in its Travel and Yachting subsidiaries as well as its two hospitality brands Cugó Gran and IBB Hotel Collection.
The Malta-inspired Hammett’s Mestizo concept with a 35-strong team, will mark the Group’s 5th establishment in its catering division, but its first, overseas in Menorca with Hammett’s Collection.
The Group has also established itself in Malta with the award-winning Cugó Gran Macina, a revival of Senglea’s 16th-century fortification in 2018. The group has ambitious plans to grow the Cugó Gran Hotel Brand in Malta, Italy and Costa Rica to complement its storied and landmark hotel portfolio.
Chairman and Founder Sven von der Heyden said ‘It is an honour to expand our Maltaborn concept of Hammett’s Mestizo in Menorca. Even though I no longer live in Menorca for nearly a decade, my heart is close to this wonderful island, and I am proud, that our group creates jobs and can again contribute to the ever-growing quality in hospitality in Menorca”.
Around mid-May, Hammett’s Mestizo Mahón will be inaugurated after a first-light renovation on a terraced, three-levelled waterside property with views of the island of Illa del Rey and one of the prettiest natural harbours In the world. The Restaurant is accessible and located directly beside the iconic Club Marítimo and the public elevator reaching the port. In Winter 2023/2024 further enhancement and embellishment works are planned.
The Von der Heyden Group recently announced the full subscription of their new ten-year €35 million 5% unsecured bond last January. With growth, diversification and quality at the forefront of its investment strategy, the Group’s flagship commercial 40.000 sqm real estate building Andersia Silver in Poznań, Poland designed with intelligent solutions and sustainable operations, continues to rise in construction to be the highest building. This project will be completing its 27-year successful public-private partnership with the City of Poznań. With Assets over Euro 140 mln., the Von der Heyden Group is present currently in 8 countries in Europe and plans to expand to Costa Rica. To date, and in its 33-year history, the Investor has recorded investments programs, representations and developments of more than €650 million.
Von der Heyden Group’s holding company TIMAN Investments Holdings Limited, reported its consolidated results for 2022 that saw a 32% increase in the Group’s overall revenue, reaching €15.2 million. A significant improvement in profitability has also been achieved with an increase in adjusted EBITDA by 10% to €4.7 million.
TIMAN Investments Holdings Limited and its subsidiaries (collectively the “Group”) is involved in real estate investments and development, hospitality and catering, and other private equity investments across Europe including Germany, Italy, Malta, Poland, and Spain.
The accommodation segment of the Group contributed to 84% of the Group’s overall increase in revenue which itself saw a 43% growth from last year to €10.4 million. The improved results were due to the increased occupancy levels and higher room rates which were complemented with the cost efficiencies realized through the recent restructuring in operations. The catering segment also saw improvements, with an increase of 6% in sales to €2.4 million.
The Group’s strategy of growing its luxury offering under the Cugó Gran Collection brand, continues as it targets new properties and operations in Malta, Italy, Spain and Costa Rica.
These achievements have been recorded despite the continued pressures from inflation, as a result of the war in Ukraine, disruption in supply chains and an increase in energy prices.
The Group’s total assets increased by 6% from the previous year, reaching €142 million. Attributing factors include improved operating results, further investments in the development activities, and fair value gains.
During the year under review, the Group’s investment properties have also increased by a significant 38%, reaching a total of €45 million. This increase was mainly driven by the construction of Andersia Silver, a 26-storey A-class office tower, the Group’s flagship development in Poznań, Poland. The project, will complete the four phase 27-year partnership with the City of Poznań and is progressing at a construction pace of two levels per month, with the shell and core expected to be completed by Q1 2024.
In Q4 of 2022 the Group successfully raised a €35 million 5% unsecured bond with a 10-year term, maturing in 2032 on the Malta Stock Exchange. As part of the new bond issue, the Company early redeemed its €25 million bonds that were due to mature in 2024. The bondholders representing 78% of the €25 million bond, for a total of €19.5m, rolled-over their holdings to the new €35 bond, a testament to the bondholders’ unwavering confidence in the Group.
The Group has also published its first ESG report, communicating the environmental and social impact of its activity and the steps being taken, aimed to reduce its total energy consumption and carbon footprint in line with the objectives of the European Green Deal.
The Von der Heyden Group welcomes Herald Bonnici to the management team of the Group in his role as Head of Operations. Mr Bonnici brings a wealth of experience as former CEO of a public investment management entity and Director General at the Ministry for Finance. His expertise in strategic planning, business process re-engineering, ESG, and alternative investments will undoubtedly make him another asset to the Group!
