Andersia Business Centre – the heart of business in Poznan is filling up! We have recently signed a few new long-term leases and next to PricewaterhouseCoopers that we welcomed in October last year, we now give a warm welcome to:
Żabka Polska Sp. z o.o. – lease agreement signed for app. 4.500m2
Mars Polska Sp. z o.o. – lease agreement signed for app. 1.700 m2
Newell Poland Services Sp. z o.o. – lease agreement signed for app. 1.900m2
Probuild Sp. z o.o. – lease agreement signed for app.270 m2
Andersia Centre Sp. z o.o. – lease agreement signed for app. 1.200 m2
We are also now in the process of negotiations with another big Tenant that will lead to leasing ABC up to 95% at the end of June. We thank our advisor Knight Frank and also Colliers who actively participated in this success.
With Von der Heyden Group’s developed buildings in joint venture with the City of Poznan: Andersia Business Centre, Andersia Tower and Poznan Financial Centre, the Anders Square has become the heart of business in Poznan attracting renowned Tenants like e.g.: Bank Zachodni WBK, Polkomtel, Franklin Templeton, Ernst & Young, IKB Leasing and many others.
New plans at Anders Square in Poznan:
Von der Heyden Group’s purpose company, Andersia Retail Sp. z o.o. together with Orbis S.A., the Owner of the neighbouring plot, have started to build a connection road between Tadeusz Kościuszko Street and Królowa Jadwigi Street. The General Contractor is Strabag and the construction works will last 3 months. The road proceeds the next stage of development of the Anders Square. At the end of 2013, VDHG received the WZZiT permit (conditions of building and land development) for two buildings with office, retail and residential function with a total usable area of app. 67.000 m2. Design works for the first of two buildings have started now.
Adam Trybusz, Managing Director of Von der Heyden Group for Poznan, said: ‘The future of Poznan is being built now, Andersia Silver is coming soon.’
Von der Heyden Group has the pleasure to announce having entered into a transaction with Polski Holding Nieruchomości S.A. who purchased VDHG’s shareholding in one of its 12 Polish special purpose companies, Andersia Business Centre Sp. z o.o.
Andersia Business Centre Sp. z o.o. owns the modern Class A office building – Andersia Business Centre (ABC), combining office and retail function in the heart of business in Poznań, fully let to renowned Tenants. The Building is in the neighbourhood of the Old Town, Stary Browar and Poznań International Fairs.
In March 2015, the ABC obtained the LEED gold certificate.
Andersia Business Centre is the first office building purchased by PHN S.A. in connection to the company’s acquisition strategy.
Although particular terms of transaction were not disclosed, Sven von der Heyden, Chairman of the Von der Heyden Group, said: ‘We have come a long way to close this transaction, since a letter of intent was signed half a year ago. We are pleased to have found with PHN a stable, reputable and experienced real estate investor as the new owner and wish them good luck with the third phase of buildings the Von der Heyden Group erected on Plac Andersa.’
‘We are pleased that we have completed the negotiations held over recent months to acquire an investment property. Andersia Business Centre is a building characterized by a very good location, high standard of offered space, and reputable tenants’, said Artur Lebiedziński, President of the Management Board of PHN S.A.
‘The transaction involves acquiring 100 percent of shares held by Andersia Business Centre Sp. z o.o., the building’s owner. We have also taken over a loan taken out in Bank Zachodni WBK S.A. The transaction is an element of PHN’s strategy aimed at increasing its modern leasable space assets. The Andersia Business Centre office building will definitely be a valuable asset in our portfolio’, said Włodzimierz Stasiak, Member of the Management Board of Polski Holding Nieruchomości S.A.
Adam Trybusz, President of the Management Board of Andersia Business Centre Sp. z o.o. and Managing Director of Von der Heyden Group for Poznań said: ‘For years the market has waited for an active Polish player. Transaction with PHN is a positive signal for further development of the Polish commercial real estate market giving a big hope for the future. Polish commercial properties in Polish hands become a fact. I’m happy to have contributed to this reality.’
In the transaction, Von der Heyden Group was advised by Knight Frank Sp. z o.o.
‘It was a pleasure to represent Von der Heyden Group in the disposal of Andersia Business Centre to PHN. The terms of the transaction proved that this is the highest quality office building in the best location in Poznań’, said Krzysztof Cipiur, manager in Capital Markets at Knight Frank.
Knight Frank had advised also during previous two VDHG’s remarkable sale transactions at the Anders Square in Poznań: Poznań Financial Centre (PFC) sold to AIB Polonia Property Fund S.a.r.l. in 2004 (Istphase development) and Andersia Tower(AT) sold to DEKA Immobilien in 2008 (2nd phase development).
Andersia Business Centre, a joint venture between Von der Heyden Group and the City of Poznań constitutes the third phase of Anders Square Development developed by VDHG in 2012. The 5 storey above ground ABC building comprises app. 14.000 sqm usable area and two underground levels with 144 parking places.
The ABC building was designed by the Architectural Studio of Ewa and Stanislaw Sipińscy who had also designed the previous two phases. Project management has been entrusted to Probuild Sp. z o.o.Porr (Polska) S.A. acted as a General Contractor and Knight Frank Sp. z o.o. as a financial advisor and broker. PHN S.A. was advised by: Jones Lang LaSalle and Greenberg Traurig Grzesiak.With the sale of ABC, VDHG was advised by the law firm Piszcz, Norek i Wspólnicy.
Von der Heyden Group, a leading high-quality niche player on the European Real Estate market recording impending acquisitions and developments with a value of over half a billion euro, has announced multi-million investments in Ukraine. The group, renowned for creating landmark Class A office buildings and Hotels and in achieving record prices for its award-winning projects, plans to invest between 50-100 million US dollars in Kyiv and Lviv in the coming three years after finalising currently ongoing due diligence on various assets. The Group, with extensive experience of being a first mover in upcoming markets, would invest its own funds as well as that of third parties.
Von der Heyden Group is undergoing the finalization of Munich’s largest development project Bavaria Towers, having recently signed various 10-year lease contracts for the state of the art project with a total investment value of €180 million. In addition, the group is recording a successful return on investment in its recently completed, historical addition to its subsidiary 13-hotel hospitality group IBB Hotel Collection, IBB Dlugi Targ in Gdansk, Poland. The Group is also planning the final development phase for Poznań’s highest building Andersia Silver, with an investment value of Euro 110 million.
Von der Heyden Group, has announced new appointments in line with the further expansion of the Group into new markets and consolidation of central operations in Malta. Mr Bob Rottinghuis, who has dedicated 10 years as a consultant to the Group before his role as Chief Operating Officer in 2016, assumes the role of Group Chief Executive Officer. Mr. Rottinghuis was fundamental in configuring a €25 million bond issue in Malta in 2017 for the group, recorded as the most traded bond in terms of number of transactions during the year 2018. In addition, Tonio Fenech, former Finance Minister of Malta until 2013, has joined the Management Board of TIMAN Investments Holdings. Mr Fenech was responsible with his fellow cabinet members, for Malta’s successful economic development during his ten-year tenure and laying the grounds for today’s economic unprecedented boom.
The year 2019 marks the Von der Heyden Group’s 30-year anniversary in Europe.
Von der Heyden Group Chairman, Sven von der Heyden:
‘We look back on three incredible decades with many landmark projects which have led us to where we are today, starting from zero back in 1989. We are very proud to have a team of almost 400 people who contribute at all levels to the continuing success of our Group in our real estate investments and developments, our hotel group IBB Hotel Collection as well as in our alternative investments. We look forward to two new developments in Ukraine this year, marking our expansion into a 5th market beyond Germany, Poland, Spain and Malta, and in contributing to the country’s further growth and development.’
International investment and Real Estate firm Von der Heyden Group has announced the start of construction for Andersia Silver, Poznań’s highest A-Class building after Andersia Tower (105,2 m). The 117,5m high skyscraper is being developed by the Group through a joint venture company between ‘First Polish Real Estate B.V.’ and the City of Poznań with PORR as international and leading general contractor. The high-rise building will be the fourth and final phase of the entire Anders Square project in the City. The completion of Andersia Silver in 2023 will mark the finalisation of Von der Heyden Group’s development and co-investor partnership project with the City of Poznań after Poznań Financial Center, Andersia Tower and Andersia Business Center, completed in 2001, 2007 and 2012 respectively.
Andersia Silver, designed by award winning architects Ewa and Stanisław Sipinski, is 25 storeys high with 3 underground floors, catering for over 244 parking spaces. The multi-functional commercial building will comprise of nearly 40,000 sqm in usable area, host prevalent office space and is planned to receive a LEED Certificate at the Gold Level.
Andersia Silver will complete Poznań’s most prominent skyline in Anders Square, with a joint total investment value of over a quarter of a billion Euro.
Sven von der Heyden, Chairman and founder of the Von der Heyden Group:“It is with great pleasure to see the start of the Andersia Silver project, the final addition to Anders Square. For more than two decades, we have strived to achieve what Poznań’s cityscape is today: A bustling, community-oriented location with an A-class tenant structure and a unique opportunity for businesses to claim a spot on one of the major thoroughfares in the city. It is also the start of a grand finale of a very successful public-private partnership we are proud of, which lasts now more than 24 years, which speaks for itself.
‘Von der Heyden Group has announced the start of construction for Andersia Silver, Poznan’s highest A-Class building after Andersia Tower (105,2 m)…’
Source: Europe Real Estate
TIMAN Investments Holdings Limited (the “Company”), the Von der Heyden Group’s holding company and the Von der Heyden Group Finance Plc guarantor, presented consolidated and audited annual accounts for the financial year ended 31st December 2020, reaching a revenue of EUR 23,505,636 despite the global COVID-19 pandemic. The Company holds for capital growth and income generation, investments in 37 subsidiaries and associated companies around Europe.
The Group recorded a strong cash position of EUR 27,905,646 as at 31st December 2020, an increase of EUR 21,587,445 for the previous year end. Given the arduous economic conditions caused by the continuing global pandemic, such a result is highly positive, considering the impact and ramifications of COVID-19 on the Groups’ hospitality subsidiary IBB Hotel Collection.
With a significant improvement in the gearing ratio of the Group declining to 48.95% from 65.78% in 2019 and the borrowings of the Group dropping by 9.7% to EUR 84,493,912, inclusive of EUR 40,231,766 finance lease liabilities, the Group managed to exceed the EUR 25 million closing cash position forecasted in the Financial Analysis Summary (FAS) in August 2020. This was achieved through a significant effort of cost control, property investment returns and cash management.
The Group also recorded a positive working capital position, inclusive of cash in hand, of EUR 17,812,553 from a negative position in 2019 of EUR 6,170,757 due to the positive cash flow generated in the year.
The year under review has in turn highlighted an EBITDA increase of 29% to EUR 4,367,701 from EUR 3,387,218 in 2019, an increase of EUR 980,483. The year 2020 also showed an improvement in profitability of the Group, despite the loss before tax of EUR 483,791 managing a reduction of EUR 1,465,678 from last year’s losses, also through a significant effort to avert the forecasted loss before tax of slightly over EUR 5 million as reported in the FAS. Moreover, the Group reports a very successful year in the real estate development segment generating EUR 12,255,267 (2019: EUR 178,090) in revenue resulting in net fair value gains of EUR 3,175,319 (2019: EUR 422,557) in relation to the value of investment properties.
The sale of the fully occupied A Class Blue Tower, forming part of the Bavaria Towers project in Munich, Germany, as well as one of the Group’s luxury boutique hotels Cugó Gran Menorca in Spain has generated excess liquidity during the financial year that both restricted and obligated the halt of the hospitality and tourism industry at large for over 12 months. The subsequent returns, efficient timing when selling properties and the Von der Heyden Group’s diversification in its real estate portfolio has ensured a strong and resilient position as an investment firm active in business in 8 markets across Europe. The Group’s results indicate the stability and favourable returns enjoyed from its complementary subsidiaries in the experiential luxury industry and real estate investment during the year to successfully weather the storm.
Luxury Rental Villa in Porto Cervo (Von der Heyden Real Estate)
The Group’s boutique real estate agency in Sardinia, Von der Heyden Real Estate, operating since last summer, has registered healthy inroads for luxury villa rentals in Costa Smeralda. This exclusive location, attracting niche and luxury vacationists coupled with the property team’s know-how, inspired the off-shoot of its most recent subsidiary, Von der Heyden Yachting, specialising in equally artful experiences and customised journeys around the Mediterranean, specifically the Balearics, Malta and Sardinia. Launched on Easter Sunday, this luxury yachting charter company hosts an exclusive fleet of Italian luxury Ferretti Yachts.
Argo NOI (Von der Heyden Yachting based in Malta, the Balearics and Sardinia)
During the third quarter of 2020, Von der Heyden Development announced the commencement of Andersia Silver, a modern A-class office building, that will complete the development of Anders Square in Poznań, one of the most prestigious locations in the city centre. Andersia Silver will have 40,000 square meters of usable office space spread over 25 floors. Upon completion, in 2023, it will be 117.5 meters high, making it the highest skyscraper in Poznań one of the larger cities in Poland a center of trade, sports, education, technology and tourism. The building will also include 244 parking spaces on 3 underground levels and will obtain an LEED certificate at the GOLD level, which will confirm the ecological solutions used at the design and construction stage.
Chairman of the Von der Heyden Group Sven von der Heyden said:
The unrelenting impact of the world pandemic on travel as a global economic sector has been felt by many over the past 12 months. It is a time that will go down in history for the challenging and emotional decisions that had to be made by the commanders at the helm of thousands of businesses. The Von der Heyden Group, hit like the majority, leveraged its invaluable experience in previous economic downturns and its vigour in successful real estate investments and developments to secure its force against this unprecedented wave.
Our sustainable growth strategy continues to be the driving force of our vision for the next decade, where we expect high returns on the Group’s real estate developments and investment opportunities. The Von der Heyden Group is present from the West in Portugal, the south in Malta and Italy to the East in Poland and Ukraine. Our mission is to continue to thrive in economies that see the significance in restoring, rehabilitating or creating spaces that add value to these communities.
The Group’s CEO Bob Rottinghuis adds: Last year’s successful licensing of our asset management business and the resulting current launch of our first fund dedicated to the Ukrainian and Polish commercial real estate markets will make 2021 another exciting year for the Group. Despite the expected remaining economic headwinds we strive for sustainable growth of our subsidiaries and investments across Europe. At the same time, with the relentless dedication of our great team of people across all our companies and geographies, we keep looking for opportunities to gradually expand our solid capital base.
“Trwa budowa najwyższego biurowca Poznania. Poziom zero, obejmujący konstrukcję części podziemnej budynku, został zakończony z dwumiesięcznym wyprzedzeniem i trzy podziemne kondygnacje są już gotowe.”
Trwa budowa najwyższego biurowca Poznania. Poziom zero obejmujący konstrukcję części podziemnej budynku został zakończony z dwumiesięcznym wyprzedzeniem i trzy podziemne kondygnacje są już gotowe.
