Tonio Fenech joins TIMAN Investment board Von der Heyden Group announces new CEO

Former Finance Minister Tonio Fenech has joined the management board of TIMAN Investment Holdings, a subsidiary of the Malta-based high-end real estate player Von der Heyden Group.

The new appointment is one of two which the board made at the turn of the year, with Bob Rottinghuis also assuming the role of Group Chief Executive Officer within the group.

Mr Rottinghuis spent a decade as a consultant to the group before becoming its Chief Operating Officer in 2016, and was fundamental in the group’s €25 million bond issue in Malta in 2017.

In a statement, the group said that the new appointments “will enable Group Chairman Sven von der Heyden and Managing Director Javier Errejón Sainz de la Maza to concentrate on further strengthening its four pillars of business, expanding them into new markets and seizing new opportunities.”

The group is currently finalising Bavaria Towers, Munich’s largest development project, and has completed the hotel IBB Dlugi Targ in Gdansk, Poland.

Mr Sven von der Heyden, said: “Over the years, we have built 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.”

In December 2018, Von der Heyden Group moved its corporate offices from Valletta to a new state of the art office in the 14 East tower building in Gzira.

Source: Times of Malta

Von der Heyden Group announces new appointments in line with the further expansion of the Group and consolidation of central operations in Malta

Von der Heyden Group, a high-quality niche player on the European Real Estate Market, has announced new appointments in line with the further expansion of the Group and consolidation of central operations in Malta.

Bob Rottinghuis, will assume the role of Group Chief Executive Officer. Having dedicated 10 years as a consultant to the Group before taking on his role as Chief Operating Officer in 2016, Mr Rottinghuis was fundamental in configuring the successful 25-million-euro bond issued in Malta in 2017. In addition, Tonio Fenech, former Finance Minister of Malta until 2013, will join 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. Both appointments came into effect on 1st January 2019.

                        
Bob Rottinghuis                                                                   Tonio Fenech

The new appointments will enable Group Chairman Sven von der Heyden and Javier Errejón Sainz de la Maza as Managing Director to concentrate on further enhancing its four pillars of business, expanding them into new markets and seizing new opportunities.

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’

In December 2018, the Group has moved its corporate offices from Valletta to a new state of the art office in the 14 East tower building in Gzira, Malta.

About the Von der Heyden Group

Von der Heyden Group (VDHG) is a high-quality niche player on the European Real Estate Market and has been successfully developing Class A Office buildings and Hotels in central and strategic locations in Malta, Germany, Poland and Spain.

The Group is commonly known for its high-end finishes and quality, and at all times achieved record prices for its award-winning projects, when sold.

In March 2017, the Group, through its special purpose vehicle Von der Heyden Group Finance plc, has issued a €25 million bond which is listed on the Malta Stock Exchange. It was the most traded bond in terms of number of transactions during the year 2018.

The 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, VDHG has completed the hotel IBB Dlugi Targ in Gdansk, Poland – another hotel for the IBB Hotel Collection which has been highly successful since its launch. Furthermore in Poznan, Poland, the Group is planning the Andersia Silver project for around Euro 110 million, which however will only be tackled in a more favourable environment.

With 30 years sound experience and continuing presence on European markets, VDHG enjoys the trust of international financial institutions, funds and big market players, as well as embassies, governmental institutions and cities. The Von der Heyden Group, have since 1989 recorded an investment program, impending acquisitions and developments with a value of over half a billion euro.

In 2019, the Group plans to invest in Ukraine and the Maldives, although the due diligence phase is still ongoing.

VDHG Press Release Ukraine New Investments ENG

New appointments at Von der Heyden Group

Von der Heyden Group, a high-quality niche player in the European real estate market, has announced new appointments in line with its further expansion and the consolidation of its central operations in Malta. This year marks the Von der Heyden Group’s 30- year anniversary in Europe.

Bob Rottinghuis, who has dedicated 10 years as a consultant to the Group before his role as Chief Operating Officer in 2016 and who was fundamental in configuring the success of the €25 million bond issue in Malta in 2017, assumes the role of Group Chief Executive Officer.

In addition, Tonio Fenech joins the Management Board of TIMAN Investments Holdings. Serving as Finance Minister of Malta till 2013, Mr Fenech played a key role in driving forward Malta’s economic development. Both appointments came into effect on 1 st January 2019.

The new appointments will enable Group Chairman Sven von der Heyden and Managing Director Javier Errejón Sainz de la Maza to concentrate on further strengthening its four pillars of business, expanding them into new markets and seizing new opportunities.

Sven von der Heyden, said: “We look back on thirty extraordinary years with many landmark projects which have led us to where we are today, starting from zero back in 1989. Over the years, we have built 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.”

In December 2018, Von der Heyden Group moved its corporate offices from Valletta to a new state of the art office in the 14 East tower building in Gzira.

Von der Heyden Group (VDHG) is a high-quality niche player on the European Real Estate Market and has been successfully developing Class A Office buildings and Hotels in central and strategic locations in Malta, Germany, Poland and Spain. The Group is commonly known for its high-end finishes and quality, and at all times achieved record prices for its award-winning projects, when sold.

Since March 2017, the Group through its special purpose vehicle Group Von der Heyden Group Finance plc has €25 million bonds in issue and is listed on the Malta Stock Exchange. It was the most traded bond in in terms of number of transactions during 2018.

The 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, VDHG has completed the hotel IBB Dlugi Targ in Gdansk, Poland – another hotel for the IBB Hotel Collection which has been highly successful since its launch.

Furthermore in Poznan, Poland, the Group is planning the Andersia Silver project for around Euro 110 million, which however will only be tackled in a more favourable environment.

With 30 years sound experience and continuing presence on European markets, VDHG enjoys the trust of international financial institutions, funds and big market players, as well as embassies, governmental institutions and cities. The Von der Heyden Group, have since 1989 recorded an investment program, impending acquisitions and developments with a value of over half a billion euro.

In 2019, the Group plans to invest in Ukraine and the Maldives, although the due diligence phase is still ongoing.

Source: www.livenewsmalta.com

New appointments at Von der Heyden Group in line with its expansion and consolidation of central operations in Malta

Von der Heyden Group, a high-quality niche player on the European real estate market, has announced new appointments in line with its further expansion of its  central operations in Malta. This year marks the Von der Heyden Group’s 30-year anniversary in Europe.

Mr Bob Rottinghuis, who has dedicated 10 years as a consultant to the Group before his role as Chief Operating Officer in 2016 and who was fundamental in configuring the successful €25 million bond issue in Malta in 2017, assumes the role of Group Chief Executive Officer. In addition, Mr Tonio Fenech joins the Management Board of TIMAN Investments Holdings. Serving as Finance Minister of Malta till 2013, Mr Fenech payed key role in driving forward Malta’s economic development.  Both appointments came into effect on 1st January 2019.

The new appointments will enable Group Chairman Sven von der Heyden and Managing Director Javier Errejón Sainz de la Maza to concentrate on further strengthening its four pillars of business, expanding them into new markets and seizing new opportunities.

Mr Sven von der Heyden said: ‘We look back on thirty extraordinary years with many landmark projects which have led us to where we are today, starting from zero back in 1989. Over the years, we have built 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’

In December 2018, Von der Heyden Group moved its corporate offices from Valletta to a new state of the art office in the 14 East tower building in Gzira.

About the Von der Heyden Group

Von der Heyden Group (VDHG) is a high-quality niche player on the European Real Estate Market and has been successfully developing Class A Office buildings and Hotels in central and strategic locations in Malta, Germany, Poland and Spain. The Group is commonly known for its high-end finishes and quality, and at all times achieved record prices for its award-winning projects, when sold.

Since March 2017, the Group, through its special purpose vehicle Von der Heyden Group Finance plc, has issued a €25 million bonds in issue and its listed on the Malta Stock Exchange. It was the most traded bond in terms of number of transactions during the year 2018.

The 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, VDHG has completed the hotel IBB Dlugi Targ in Gdansk, Poland – another hotel for the IBB Hotel Collection which has been highly successful since its launch. Furthermore in Poznan, Poland, the Group is planning the Andersia Silver project for around Euro 110 million, which however will only be tackled in a more favourable environment.

With 30 years sound experience and continuing presence on European markets, VDHG enjoys the trust of international financial institutions, funds and big market players, as well as embassies, governmental institutions and cities. The Von der Heyden Group, have since 1989 recorded an investment program, impending acquisitions and developments with a value of over half a billion euro.
In 2019, the Group plans to invest in Ukraine and the Maldives, although the due diligence phase is still ongoing.

Source: The Malta Independent 11.01.2019

New appointments in line with its expansion and consolidation of central operations

Von der Heyden Group, a high-quality niche player on the European real estate market, has announced new appointments in line with its further expansion and consolidation of its  central operations in Malta. This year marks the Von der Heyden Group’s 30-year anniversary in Europe. Mr Bob Rottinghuis, who has dedicated 10 years as a consultant to the Group before his role as chief operating officer in 2016 and who was fundamental in configuring the success of the €25 million bond issue in Malta in 2017, has assumed the role of Group chief executive officer. In addition, Mr Tonio Fenech joins the Management Board of TIMAN Investments Holdings. Serving as Finance Minister of Malta till 2013, Mr Fenech payed key role in driving forward Malta’s economic development.  Both appointments came into effect on 1st January 2019.The new appointments will enable Group chairman Sven von der Heyden and managing director Javier Errejón Sainz de la Maza to concentrate on further strengthening its four pillars of business, expanding them into new markets and seizing new opportunities.

‘We look back on 30 extraordinary years with many landmark projects which have led us to where we are today, starting from zero back in 1989″, Mr Sven von der Heyden said. “Over the years, we have built 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’.

In December 2018, Von der Heyden Group moved its corporate offices from Valletta to a new state of the art office in the 14 East tower building in Gzira.

Von der Heyden Group is a high-quality niche player on the European real estate market and has been successfully developing Class A Office buildings and hotels in central and strategic locations in Malta, Germany, Poland and Spain. The Group is commonly known for its high-end finishes and quality, and at all times achieved record prices for its award-winning projects, when sold.

Source: Times of Malta
Times of Malta New Appointments 11 01 2019

Von der Heyden Group announces multi-million investments in Ukraine and new appointments in line with the further expansion of the Group

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.’

VDHG Press Release Ukraine New Investments UA
VDHG Press Release Ukraine New Investments RUS
VDHG Press Release Ukraine New Investments ENG

Von der Heyden Group Finance Plc´s guarantor TIMAN Investments Holdings reports its audited and consolidated Financial Statements for the period ended 31st December 2018 with a profit after tax of EUR 13,128,910.

Bavaria Towers, Munich

Timan Investments Holdings Limited (the Group – consolidated), presented consolidated and audited annual accounts for the financial year ended 31st December 2018, reporting a record profit after tax of EUR 13,128,910 (2017: related loss €1,025,181).

The profit for Timan Investment Holdings Limited (the Company – stand-alone) for the year after tax amounted to EUR 14,225,162 (2017: EUR 1,995,190. Timan Investment Holdings Limited (the Company) holds for capital growth and income generation, investments in 35 subsidiaries and associated companies around Europe.

The Group reported a net shareholders  Equity of EUR 44,908,978 (2017 EUR 35,381,712) with a percentage increase of 26.9%.

During this financial year, the Group’s results have been positively impacted by the financial results of Bogenhausener Tor Immobilien Sàrl (BTI), an associated undertaking which is the developer of Munich’s largest development project, Bavaria Towers. Situated in the Bogenhausen district on the eastern edge of Munich, the Bavaria Towers project has reached substantial completion, creating a stunning new gateway to the city and consisting of four high-rise towers with circa 78,000 sqm of total gross rental area and two central underground car parks with almost 1000 spaces. Furthermore, the Blue Tower, an 18 Level building with office rental area of some 24,500 sqm which is co-owned by the group has successfully pre-leased over 90% of the available rental space with negotiation on the limited available space in advanced negotiations with potential tenants. The share of profits generated from BTI as a result of property revaluation for the year ended 31 December 2018 amounted to €17,867,487.

The Group registered an increase in turnover of €4.5 million. This is 23.2% increase over the previous financial year, was mainly generated from its subsidiary hospitality group IBB Hotel Collection, consisting of 13 hotels around Europe. During 2018, the hotel chain proceeded with its expansion plans: Recently opened, historical IBB Hotel Dlugi Targ in Gdansk is recording a successful return on investment, whilst IBB Hotel Paderborn and IBB Hotel Ingelheim in Germany and Cugó Gran Macina Grand Harbour in Malta had their first full year of operations. Furthermore, IBB Hotel Collection has invested in a new four-star hotel in Eichstätt – a baroque episcopal and university town in the heart of Bavaria, Germany. This stylish, modern and luxury hotel located within the city’s new quarter “Spitalstadt” will host 90 rooms with plans to open in spring of 2020.

     

In line with the Group’s continued expansion and its investment in Human resources and improvements in operating procedures, it experienced an increase in cost of sales, staff costs and operating expenses of EUR 4.3 million.

In March 2017, the Group through its special purpose vehicle Von der Heyden Group Finance plc has issued a €25,000,000 bond which is listed on the Malta Stock Exchange. It was the most traded bond in terms of number of transactions during the year 2018. The bonds were issued to support the group to finance its future projects whilst at the same time enabling the Group to seize new opportunities that may arise in the market.

‘This year marks the Von der Heyden Group’s 30th anniversary in Europe. These record results are testament to three decades of many landmark projects and transactions which have led us to where we are today. We are very proud  to have a team of over 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’

Sven von der Heyden
Chairman
Von der Heyden Group

TIH Press Release VDHG FY18 Results 16 05 2019

Cugó Gran Macina Grand Harbour awarded European Prix Versailles for design

The secretariat of the Prix Versailles, in association with UNESCO and with the International Union of Architects (UIA), has announced that the firm of Edwin Mintoff Architects has been awarded the European Prix Versailles Special Prize for the design of the Cugó Gran Macina Grand Harbour in Senglea in the category of Exterior Hotel Design. The Prix Versailles is awarded in recognition of the best projects around the world and the winners are rewarded for their “extraordinary architecture and design”.

The Secretariat summarised the award process by reiterating its mission statement:

“Inspiration, Progress and Inclusion: the Prix Versailles continues to pursue its mission of making architecture and design into tools for sustainable development with its various components: ecology (green economy) and society and culture (purple economy).”

Following a far-reaching call for submissions and a systematic press review, the winners have now been invited to compete for the World Title with the successful participants to be unveiled at the World Finale being held at the UNESCO Headquarters in Paris this coming September. As winners of this award, Edwin Mintoff Architects will be representing Europe in the Category of Exterior Hotel Design, to compete against the winners of the other five continents for the World Title. The firm was already awarded both the Din l-Art Helwa prize for ‘The Rehabilitation and Re-Use of Buildings’ and the Malta Architect Award in ‘Hospitality, Tourism Accommodation and Leisure’ for this project, and was also shortlisted for the Premju Galizia Urban Regeneration Award. The Cugó Gran Macina Grand Harbour forms part of the luxury Cugo Gran sub brand of international IBB Hotel Collection, with 13 hotels in Germany, Spain, Poland and Malta.

The Cugo Gran Collection

Slick city celebrations or intimate private parties – the Cugó Gran Collection offers the ultimate bespoke destination weddings in Malta & Menorca

From a beautiful, secluded escape in the Menorcan countryside to a vibrant venue in the heart of one of Malta’s most interesting cities, Senglea, the Cugó Gran Collection offers the ultimate venue for a highly bespoke destination wedding.

Your own private country estate in Menorca

Set in a private 250-acre estate, Cugó Gran Menorca offers pared-back luxury with a capacity to cater for up to 50 people in-house, as well as sleep 24 guests in 12 beautifully appointed bedrooms, all offering stunning views. Cugó Gran Menorca is also able to host larger weddings and events for up to 300 people, be this to mark an anniversary or other special occasion.

A sophisticated and yet relaxed venue, Cugó Gran Menorca offers a selection of terraces and outdoor locations with breath-taking sea views providing the backdrop to complement any bespoke occasion. There is an in-house concierge team to take care of all the necessary arrangements; from the champagne welcome reception and the wedding dinner under a marquee or the stars, to the flowers, music, photographer, wedding cake, midnight snacks, and a full wedding breakfast with eggs picked from the estate’s own hens the next morning. Cugó Gran Menorca is licensed to hold civil ceremonies and non-religious weddings.

Chef Roberto Sarrió serves up fresh Menorcaninspired dishes to exclusive-use guests sourcing the finest local and seasonal ingredients, much of it from the estate’s own kitchen gardens. For larger events, Cugó Gran Menorca works with the leading catering companies on the island.

Guests can make full use of the facilities on offer which include a 26-metre outdoor pool, playground, day beds, and outdoor chess. There is a gym and a Buganvilla Spa room with a menu of face and body treatments. Baby-sitters, personal trainers, nutritionists, therapists, yoga and Pilates instructors can also be arranged.

A true architectural wonder in Malta with the most jaw-dropping views

Architecturally striking, Cugó Gran Macina Grand Harbour is a famous historical landmark sensitively converted into a contemporary boutique hotel with large communal spaces, high vaulted ceilings and spacious rooms with harbour-front views. This hotel offers the most dramatic backdrop for any event. With a capacity to cater in-house for up to 100 guests and sleep up to 42 people in its 21 contemporary rooms, Cugó Gran Maçina Grand Harbour can also host up to 1000 people on its 930-square metre roof terrace with incredible views of the famous Three Cities.

With a dedicated events planner on-site, the team at Cugó Gran Maçina Grand Harbour can create bespoke events that make the most of the stunning views and beautiful Mediterranean climate. Guests can choose from the intimate roof-top pool terrace or the grand roof terrace or else can opt for Hammett’s Macina Restaurant – a lively venue for a pre or post wedding party.

Renowned Maltese Restaurateur, Chris Hammett and his brigade of chefs serve up Maltese specialities with a contemporary twist at Hammett’s Macina Restaurant.

The concierge team can also organise excursions and activities including guided tours of Malta’s most significant sites such as the Maritime Museum, the Inquisitors Palace and the historical Fort St Angelo, Senglea’s enchanting promenade, as well as Malta’s capital Valletta – just a short ride across the harbour.

Bespoke wedding and events packages are priced on request.

London Life – June 2019 – travel section
London Life – June 2019 – travel editorial

Von der Heyden Group reports its audited and consolidated Financial Statements for the period ended 31st December 2019 with a record turnover of EUR 25,883,596.

TIMAN Investments Holdings Limited (The Company/Group), the Von der Heyden Group Finance Plc’s guarantor, presented consolidated and audited annual accounts for the financial year ended 31st December 2019, reaching a record turnover of EUR 25,883,596, registering an 8.5% increase from 2018. The Company holds for capital growth and income generation, investments in 35 subsidiaries and associated companies around Europe, realising growth in revenues in all its four operating markets at the end of 2019.

The Group reported a net shareholders equity of EUR 44,260,068 (2018: EUR 44,908,977). During the year under review, the Group’s gross profit was of EUR 21,490,877 (2018: EUR 19,194,575), with an operating loss of EUR 2,629,288 (2018: EUR 1,514,709). Such loss reflects the recurring overhead costs of the Group’s structure, which historically is substantially exceeded by dividend income from subsidiaries and capital gains made with its investments.

During the year under review, EBITDA (calculated excluding share of profit from associate) amounted to EUR 3,387,218 (2018: a negative value of EUR 2,222,057), with the reclassification change of IFRS 16 the EBITDA measurement becomes more meaningful in measuring the Group’s performance. After accounting for investment income and finance costs, the Group registered a pre-tax loss of EUR 1,949,469 (2018: EUR 12,994,300 profit).

TIMAN Investments Holdings Ltd. recorded a strong free cash flow position of EUR 6,318,201 as at 31st December 2019, an increase of 66.15% from 2018 which stood at EUR 3,802,604. The Group’s financial performance has, for the second year been positively impacted by its associate Bogenhausener Tor Immobilien Sarl (BTI) having sold its second and last asset, the Blue Tower forming part of the Bavaria Towers office and hotel development in the city of Munich, Germany. The asset was sold in December 2019 to the leading asset manager on the German market Real IS consortium with the main shareholder Bayerische Versorgungskammer. The property was sold at a record yield of less than 3%, registering the highest rate of return on equity for the Group so far in its A-Class real estate portfolio. Though the main impact of the sale in the P&L was reflected already in 2018 due to a revaluation to fair market value at that time, the sale of this asset generated a share of profits, which amounted in 2019 to another EUR 3.1m.

Due to a planned restructuring in operations in light of a more robust market positioning, the Group’s hospitality chain IBB Hotel Collection did not reach the expected profit levels during 2019. The first two months of 2020 registered success in most budget targets across the 11 hotels in the Group. However, the unprecedented events caused by the worldwide COVID-19 pandemic have demanded further restructuring in its hotel portfolio by maintaining, strengthening, and prioritising hotels in markets that generate the most sustainable profitability.

The Von der Heyden Group also recorded a 37% increase in its total assets as at 31st December 2019 recorded at EUR 147,785,446 (2018: EUR 107,485,547). In line with the Von der Heyden Group’s continued growth strategy and as a renowned first mover in emerging markets, it has set up an asset management company with a team of highly skilled real estate professionals operating from its new office in Kyiv, Ukraine. The local real estate and asset management team will serve to launch attractive investment opportunities, working as the Group’s Asset Management arm in Ukraine and starting its first regulated real estate investment fund by the end of 2020. The fund will focus on realising the full potential of Ukrainian commercial and residential real estate market opportunities in Kyiv and Lviv to its investors.

The Von der Heyden Group has also expanded its geographic footprint to Sardinia with the launch of a real estate services arm in one of the world’s most exclusive luxury locations, Costa Smeralda, Sardinia, Italy. Von der Heyden Group Real Estate provides a specialist perspective and bespoke brokerage service in the real estate market to buyers and property owners.

Furthermore, the Group has acquired a 25% stake in a residential co-development project in the Algarve, Portugal, and also plans to undertake its first investment in the Montenegro residential real estate market in 2020.

The gearing ratio of the Group at the end of the year stood at 65.78% as opposed to 54.68% in 2018. The increase is not attributable to higher indebtedness by the Group but rather as a result of IFRS16 coming into force requiring the recognition of leases as liabilities in the Balance Sheet. The gearing ratio without the IFRS16 consideration would have been 51.89%. Furthermore, given that the Group does not grant corporate guarantees for hotel operating or real estate investment and development subsidiaries, the gearing ratio on a non-consolidated stand-alone basis stands at a mere 18.36%.

Chairman of the Von der Heyden Group Sven von der Heyden said:
The recent sale of one of the Group’s biggest real estate investments to date has led to a comfortable position of liquidity during such unprecedented times. This strength enables us to continue to focus on delivering a high return on the Group’s real estate developments and investment opportunities while ensuring a sustainable growth strategy in the restructuring of our hospitality Group, IBB Hotel Collection. The Von der Heyden Group’s capital growth is at the core of our strategy; as our asset management business expands beyond Ukraine, our mission is to continue to thrive for more positive operational results for our stakeholders.

 

Bob RottinghuisThe Group’s CEO Bob Rottinghuis adds: The current pandemic undoubtedly will have a long-lasting impact on (real estate) markets across the globe and the way people work going forward. It shows once more that the wellbeing of employees and their families as well as of business partners is critical at all times. Because of the flexibility of our staff, our business has continued in recent weeks without interruption, for which we are very grateful to them. Furthermore, timing is everything, both in buying and selling assets, as well as in starting new developments and business endeavours. The expansion of our activities and its resulting diversification, yet focus on our strengths, will further enhance our Group’s stable growth path in the remainder of this already unforgettable decade.

Press Release 30 04 2020 ENG final

Von der Heyden Group launches Real Estate Services in Sardinia

The Von der Heyden Group, a private investment and real estate firm active in real estate developments and investments, asset management and hospitality operations around Europe, has launched a Real Estate arm one of the Mediterranean’s most exclusive luxury locations, Costa Smeralda, Sardinia. In over 30 years, the Von der Heyden Group has recorded investment programs, real estate assets, impending acquisitions and developments across more than 20 locations around the Globe.

Von der Heyden Group Real Estate will be included as another platform in the Group’s international investment portfolio and will provide a specialist perspective and bespoke brokerage service in the real estate market to buyers and property owners. The new business will also deliver rental, concierge services and property management.

Commenting on the Von der Heyden Group’s new pillar of business, Mr. Sven von der Heyden said: “As the real estate industry continues to evolve, our priorities remain the same; namely, working with local expertise we trust and with whom we have a deep, long-standing relationship. It is in the interest of the Von der Heyden Group as a dynamic international investment company specialising in quality Real Estate to continue to grow and develop our investment portfolio. The Von der Heyden Group’s enterprising real estate investments and developments, its award winning 11-hotel franchise and A-Class building property management expertise combined with its in-depth knowledge of the area, will offer a unique competitive edge for potential investors and experiential holiday makers”.

The Von der Heyden Group made international headlines on real estate news with the sale of the Blue Tower, forming part of Bavaria Towers one of Munich’s largest development projects, as well as the opening of new offices in Ukraine to establish multi-million commercial and residential property investments in Kyiv and Lviv.

Von der Heyden Group Real Estate has opened its head quarter offices with Partner and Managing Director Marco Solas in Costa Smeralda, having extensive experience in the field of real estate and a lifetime of knowledge of Sardinia as an exclusive property location. Walter Martini, an expert in the field of luxury rentals with extensive experience in hospitality joins the team as rental supervisor.

Von der Heyden Real Estate has launched over 70 properties in its Costa Smeralda 2020 collection, featured in its experiential website www.vdhrealestate.com. Featuring in its first season is an exclusive sea view property, Villa Contissa, located in a prime location on the hills of Miata, overlooking Sardinia’s open sea and the archipelago of La Maddelena.

VDHGRES Italy Press Release 24 08 2020 ENG