Von der Heyden Group to develop Gdańsk hotel

Von der Heyden Group plans on renovating three historical semi-detached tenement houses located at the heart of Gdańsk in order to convert them into the IBB Blue Hotel.

Located at the corner of the historical Long Market (Długi Targ) and ul. Mieszczańska, the buildings will be transformed into a three-star hotel with 88 rooms spread across four floors. The hotel will also offer 1,000 sqm of retail and services space earmarked either for lease or for the hotel’s own use, for instance for a restaurant or a beauty clinic. The project is estimated at EUR 11 mln. The start of the refurbishment work is planned for September 2015, with the completion scheduled for spring 2017. Although Von der Heyden Group bought the property from Millenium Bank in 2006, the development process was delayed due to the economic crisis and the company’s commitment to other projects. The design work is now nearing completion, while technical documentation is being prepared for a tender procedure for the general contractor. The closing of the tender is planned for this summer. Local architect Michał Skwarło and interior designer Tomasz Wojtkowiak are responsible for creating the project’s architectural design. “The delays we experienced were really not a problem as we own three properties in a marvelous location and since the location is great, timeline is not that important. We are enthusiastic about the ‘Długi Targ’ project, as we call it, and remain convinced that the new hotel will be a financial success,” said Sven von der Heyden, the chairman of the Von der Heyden Group.

Source: Eurobuild CEE

Bavaria Towers – the new gateway to Munich starts construction!

Von der Heyden Group jointly with PORR AG announce to have signed the construction agreement on the Blue Tower and the White Tower forming part of one of the most spectacular development projects in the Bavarian capital in a strategic location in Munich known as ‘Bavaria Towers’ Ensemble. The estimated investment value of the Blue and White Tower is Euro 160 mln.

The Bavaria Towers building complex designed by star duo from Madrid, Nieto Sobejano Arquitectos will be comprised in total of fourpentagonal high-rises (77.651 sqm of total gross rental area, two central underground car parks with a total of 960 spaces for cars including places for electric cars bicycles with changing rooms and showers for cyclists): Sky Tower (83.6m high), Blue Tower (72.3m high, 24,347sqm, 300 parking spaces), Star Tower (46.1m high) andWhite Tower (53.6m high,15.150sqm, 140 parking spaces. The latter building is already rented to Ramada Hotels for 20 years that will host there a four star hotel with 344 luxury rooms and panorama suites with a large spa and fitness area on the 14th floor). Bavaria Towers will offer an impressive panorama view and breath-taking views over Munich and the Alps beyond.

Covering a total area of app. 11,000 sqm, the plot is the property of Bogenhausener Tor Immobilien GmbH, initiated by the Von der Heyden Group and co-owned with Luxembourg based Atlant Capital. The Munich-based Bayern Projekt GmbH is tasked with project development and representing the interests of the owners and also representing Zurich Insurance, the owners of the future Sky and Star Towers.

Negotiations between Von der Heyden Group and PORR have taken more than 6 months, considerably long due to the complexity of the project. Construction time is foreseen for 38 months including demolitions works of the existing buildings that shall start on June 15, 2015.

Mr. Sven von der Heyden, Chairman of the Von der Heyden Group, was excited upon signing the construction agreement saying‘This is the largest construction agreement we have ever signed and it was the logical choice to give PORR the trust for starting this exciting project, which took us more than 8 years to plan and design and get the Master plan changes approved. Given the exceptionally good experience we have made with PORR in Poland, we do look forward completing our part of Bavaria Towers with Austria’s second largest construction company. We are glad that the marketing of the project goes along expectations and hope to be able to announce further news in the coming months’.

‘It is a great honour for PORR that the von der Heyden Group has chosen our subsidiary PORR Deutschland to realise the Munich’s most modern real estate ensemble. We are already familiar with the Bavaria Towers project, as we have been intensely involved from the beginning of the planning process. Right from the start, the focus has been on Value Engineering: with the in-depth market knowledge of the von der Heyden Group and our extensive experience and expertise as a general contractor, we have developed a highly promising solution together’, said Karl-Heinz Strauss, CEO of PORR AG, on what is the largest building construction tender for the German subsidiary to date.

The construction of Bavaria Towers calls on the extensive expertise in a full range of services from PORR and its subsidiaries: the PORR Design & Engineering team is responsible for the design. PORR Environmental Engineering will handle the professional demolition works applying innovative technology. The experts from Stump Spezialtiefbau will take care of the demanding construction pit. For the building itself, PORR Deutschland’s building construction experts will showcase their professionalism together with the Austrian specialists from the large-scale projects department.

‘PORR has worked with the von der Heyden Group for many years in Poland. Thanks to the successful collaboration on realising previous projects, our cooperation today is based on a deep mutual trust – this is a key success factor in a project of this size‘, said Karl-Heinz Strauss.

The dynamic metropolis of Munich is one of Germany’s leading business locations and one of Europe’s most attractive urban centres. Home of the famous pioneering Bavarian spirit, no other city unites tradition and cutting-edge modernity in quite the same way.

The Bavaria Towers have strategic location being ideally located at Einsteinstraße and Prinzregentenstraße, two of the main arterial roads to downtown Munich, right where the A94 motorway meets the Mittlerer Ring central ring road. While the A94 connects the areas east of Munich with the city center, the Mittlerer Ring connects all downtown districts with the main arterial roads.

Situated in the Bogenhausen district on the eastern edge of Munich, Bavaria Towers Project create a stunning new gateway to the city– offering businesses a unique opportunity to claim a spot on one of the major thoroughfares into the regional capital. Sky Tower, the highest building in the Bavaria Towers Project with a height of 83.6 metres will be one of the tallest structures in the city and will be seen for miles around. It will be the first building that millions of visitors to the metropolis see when arriving from the east.

Munich has the tightest restrictions in Germany when it comes to building high-rises. According to the “high-rise decision” (Hochhausentscheid) of 2004, high-rises within the Mittlerer Ring central ring road are only permitted if they are not higher than the towers of the Frauenkirche church and fit in with the city’s overall architecture. Still, and probably for this exact reason, each high-rise enjoys a high-degree of distinction and prestige. Munich’s top roof terraces in Bavaria Towers will be perfect location for unforgettable receptions and events in a unique setting. Designed floor-to-ceiling glass panels guard against the elements ensure a pleasant environment whatever the weather.

The fixtures and fittings in Bavaria Towers combine leading-edge materials, minimalist design and state-of-the-art building systems. The ensemble offers the perfect environment for innovative enterprises, supporting tomorrow’s world of work. There are two central underground parking garages with a total of 960 spaces, and every tower boasts its own driveway and a large, spacious lobby. Highspeed elevators take you directly to the office floors, in line with any conceivable usage concept: from individual to open-plan offices, or a combination of both. Moreover, full-length windows and a floor-toceiling height of three metres and up to 3.8 meters in the top floors lend a roomy, airy feeling to the rental units. The upmarket design is rounded out by premium features such as external solar protection and openable window elements for natural ventilation.

Bavaria Towers is a perfect example for a sustainable design, embodying an end-to-end energy efficiency concept – from the double-skin façade structure to the district heating system. The White Tower and The Blue Tower buildings are set to achieve gold-level LEED certification.

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VDHG – PORR press release ENG 19.05.2015 (.pdf) [3.36 MB]

Von der Heyden Group sells Andersia Business Centre to PHN S.A.!

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.


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VDHG-PHN Press Release – ABC sale-ENG -2-07-2015

IBB Grand Hotel Lublinianka and IBB Andersia Hotel awarded for exceptional hospitality services!

TOPHOTEL 2015: ‘Best weekend Hotel in Poland’ for IBB Grand Hotel Lublinianka

‘Brand of the Year’ Award: ‘Best City Business Hotel in Poland’ for IBB Andersia Hotel

‘Super Star Award’ (2nd place) for conference centre in Poland for IBB Andersia Hotel
IBB Hotel Collection (IBBHC) and Von der Heyden Group (VDHG) are delighted to jointly announce that two IBBHC hotels in Poland: IBB Grand Hotel Lublinianka and IBB Andersia Hotel have been granted prestigious market awards for exceptional hospitality services.

IBB Grand Hotel Lublinianka in Lublin has won TOPHOTEL 2015 award as ‘The best weekend hotel in Poland’, and IBB Andersia Hotel in Poznań has obtained: a ‘Brand of the Year’ prize in ‘City Business’ category, as well as a ‘Super Star Award’ (2nd place) for its conference center, both awards granted during Hotel Brand Awards 2015 at Polagra and Hotel Invest Fair in Poznań.

Recent awards for IBB Grand Hotel Lublinianka and IBB Andersia Hotel, prove not only the well-established renown of Polish IBB hotels to deliver first-rate standards, but also the ability of IBB Hotel Collection to perfectly address needs of different type of guests. Previously, both buildings have also gained numerous development awards, e.g. IBB Grand Hotel Lublinianka: ‘Best Overall Development 2002’, ‘Laur Konserwatorski 2003’, ‘Zabytek Zadbany 2003’, ‘Kryształowa Cegła’, and IBB Andersia Hotel, e.g.: ‘Building of the Year 2007’, ‘Best Hotel Development Project 2008’, ‘CEE Hotel & Leisure Development of the year 2007’ (2nd place).

Growing success of IBB Hotel Collection paves the way for another hotel in Poland coming soon – IBB Długi Targ Hotel in Gdańsk and demonstrates the IBBHC Group capacity to effectively utilize its key assets – a combination of top locations, knowledge  and professional and friendly staff.

The 90 Room IBB Długi Targ Hotel Project (estimated investment value: Euro 11 mln) developed by Von der Heyden Group, is based on refurbishment and conversion of three historical semidetached city houses into a unique hotel in a unique place. This property acquired by VDHG is located in the most attractive part in the heart of Gdańsk, at the corner of historical Długi Targ Boulevard and Mieszczańska Street, almost opposite to the Neptun’s Statute and the Dwór Artusa Building. In February 2015, ‘Długi Targ’ Hotel Project has obtained bank financing with the best offer made by Alior Bank S.A.

Construction works are planned to start in January 2016 and finish in 2017. The building has been re-designed and will now boast about 1.200 sqm of prime retail space on the ground floor combined with an internal rearrangment.

About ‘Hotel Brand Awards‘ and ‘TOPHOTEL Awards‘:
Hotel Brand Awards are presented on the basis of various factors determining the power of the brand to attract guests. Depending on their character, hotels are rivaling in 10 categories in a competition organized by: Profitroom, leading supplier of IT solutions for hotel bookings, and Poznań International Fairs.

Hotel Brand Awards engage leading experts in branding and hospitality gathered on annual Invest-Hotel exhibition. Winners of the competition are selected by 200 representatives of the hotel industry during Hotel Marketing Conference. IBB Andersia Hotel gained ‘Brand of the Year’ prize in ‘City Business’ category and ‘Super Star Award’ in ‘Conference’ category, proving its ability and flexibility to be a hosting partner for biggest market players and create excellent environment for its guests’ businesses.

In September 2015, IBB Grand Hotel Lublinianka obtained a TOPHOTEL 2015 prize as the best hotel destination for a weekend in Poland in an annual contest organized by Hotele.pl. Hotele.pl is the leading portal for on-line room reservations in Poland with more than 200 thousands hotels in their offer. Since 2008 Hotele.pl has been presenting TOPHOTEL prizes in 19 categories differentiating the character of services delivered by hotels in Poland, and two additional awards – TOPHOTEL Partner and TOPHOTEL of the Year. Hotels are nominated on the basis of a grade obtained from users of hotele.pl website and opinions of hundreds companies using Corporate Travel Assistant to book their business travels. The best hotel in a given category is selected through a vote on TOPHOTEL website.

Download:

IBBHC VDHG Press release ENG 29-09-2015

Bavaria Towers in Munich – construction works in progress!

WHITE TOWER IN MUNICH – SOLD TO SWISS LIFE INSURANCE GROUP!

Bavaria Towers: the White Tower and the Blue Tower (investment value: Euro 154 million) form part of the most spectacular development projects in the Bavarian capital in a strategic location in Munich. Situated in the Bogenhausen district on the eastern edge of Munich, Bavaria Towers Project create a stunning new gateway to the city – offering businesses a unique opportunity to claim a spot on one of the major thoroughfares into the regional capital.

The Bavaria Towers building complex is designed by star duo from Madrid, Nieto Sobejano Arquitectos, and will be comprised in total of four pentagonal high-rises that makes 77.651 sqm of total gross rental area, two central underground car parks with a total of 960 spaces for cars, including places for electric cars and places for bicycles with changing rooms and showers.

Bavaria Towers complex consists of: Blue Tower (72.3m high, 24,347sqm, 300 parking spaces), White Tower (53.6m high, 15.150sqm, 140 parking spaces), Sky Tower (83.6m high) and Star Tower (46.1m high). Covering a total area of app. 11,000sqm, the plot is the property of Bogenhausener Tor Immobilien GmbH, initiated by the Von der Heyden Group and co-owned with Luxembourg based Atlant Capital. The Munich-based Bayern Projekt GmbH is tasked with project development and representing the interests of the owners and also representing Zurich Insurance, the owners of the future Sky Tower and Star Tower.

The White Tower and Blue Tower are currently being constructed and are to gain certification in accordance with the LEED Gold sustainability standard. The General Contractor is PORR Germany. The fixtures and fittings in Bavaria Towers combine leading-edge materials, minimalist design and state-of-the-art building systems. The ensemble offers the perfect environment for innovative enterprises, supporting tomorrow’s world of work.

The 54m high White Tower building was already rented before construction to H-Hotels AG that will operate a four star Ramada Hotel for 20 years with 345 state-of-the art rooms and panorama suites with a large spa and fitness area on the 14th floor. Furthermore, in December 2015 shortly after the start of construction, the White Tower building was sold to Swiss Life Insurance Group and is one of the company’s largest hotel transactions.

Bavaria Towers will offer an impressive panorama view and breath-taking views over Munich and the Alps beyond.

Planned end of construction for the White and Blue Towers is July 2018.

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Von der Heyden Group starts construction of ‘Długi Targ’ Hotel project in the heart of Gdańsk!

‘Długi Targ’ Hotel Development Project is a unique property acquired by Von der Heyden Group in a complex tender from Millenium Bank some years back and is located in the most attractive part in the heart of Gdańsk, at the corner of historical Długi Targ Boulevard and Mieszczanska Street, almost opposite to the Neptun’s Statute and the Dwór Artusa Building.

With history of over 1000 years, Gdańsk is one of the oldest, one of the most dynamic, most popular tourist destinations in Poland. Together with Gdynia and Sopot, Gdańsk forms a conurbation of over 1.2 million inhabitants. Gdańsk, as the capital of the Pomerania Province is also an important academic and business centre in the country.

A complex tender for a General Contractor for construction works has been won by the locally based, renowned company, Allcon Sp. z o.o. sp. k. and the construction agreement was signed on April 21, 2016.

Allcon Budownictwo Sp. z o.o. sp. k. is a Pomeranian company specializing in general contracting in ‘design and build’ type contracts and ‘turn-key’ projects. During 25 years on the market, the company has completed dozens of projects for Polish and foreign investors. Allcon Budownictwo is a proud holder of a number of Certificates, issued among others by Det Norske Veritas (presently DNV GL Group), an independent international certification body. Certificates confirm compliance with the requirements of standards of quality management (ISO 9001: 2008) and environmental management (ISO 14001: 2004).

The chosen architect for the ‘Długi Targ’ Project is also a locally based company ‘Architectonica S.A.’ and the interior design is made by‘TOYA Design’ from Poznań. The Project Manger is ‘Probuild’ Sp. z o.o.

On signing the agreement, Sven von der Heyden, Von der Heyden Group’s Chairman said: ‘We have never given up to make this wonderful project a reality. Our timing at acquistion was not ideal right before the financial crisis broke out in 2007/2008. We have taken advantages of the suffered delays and optimized the design, increased the number of rooms and found a strong banking partner in Alior Bank. I am convinced that this Hotel will be financially very successful given its design and location combined with our usual touch for detail.’

Adam Trybusz, the President of the Management Board of Długi Targ Sp. z o.o., a special purpose vehicle to implement the project, and Co-investor of the project said: ‘The right to participate in such a unique project that is development of Dlugi Targ Boulevard wins with every obstacle on the timeline. This time, the time has not always favoured us. However, with such location it doesn’t matter that much. What matters most is the privilege to co-create the history of the city, the history of the beautiful city of Gdańsk.’

‘We are delighted that such a renowned and respected Investor has appreciated ALLCON Budownictwo’s experience in hotel construction. For our company, conducting construction works in the historical centre of Gdańsk, and with such a demanding and prestigious project, is a great motivation and a big chance for us to confirm the quality of our services.’ – said Mariusz Białek, the President of the Management Board of ALLCON Budownictwo Sp. z o.o., shareholder of ALLCON Budownictwo Sp. z o.o. sp.k.

The ‘Długi Targ’ development project (estimated development budget: Euro 11 million) is based on refurbishment and conversion of three historical semidetached city houses into a unique 90 room hotel with a total area of app. 4.500 m2.

The initial concept of Von der Heyden Group was to create a top 5* refined boutique hotel, however, due to changing market environment, the initial idea responded the local market needs and an efficient and trendy 3* Superior hotel will be created. The building will also have prime retail space on the ground floor. The characteristics of the external façade will be carefully preserved, however at the same time, the interiors will be modern and full of innovative solutions.

On July 1, 2016 there will take place the Cornerstone Laying Ceremony. The hotel will be opened in late summer 2017 and will be managed by IBB Hotel Collection (IBBHC). In Poland, IBBHC successully operates two renowned 4* hotels: IBB Grand Hotel Lublinianka in Lublin and IBB Andersia Hotel in Poznań, both enjoying the best results in terms of REVPAR and occupancy. IBBBHC operates as well two 4* hotels and three 3* hotels in Germany, as well as three hotels in Spain: one 5* hotel, one 4* hotel and one 3* hotel (more info about IBBHC: www.ibbhotels.com).

In the new hotel in Gdańsk, guests will have 90 rooms and comfortable apartments at their disposal located on five above-ground storeys. The hotel will offer business facilities such as free in-room internet and business corners with a computer/printer for a public use. The hotel will also be focused on touristic groups with a drive-in access for busses, being the only hotel in the area with such a convenience. The venue will also offer retail lease and exquisite boutiques.

The city of Gdańsk will offer unforgettable memories and numerous events like e.g. St. Dominic’s Fair that is held in Długi Targ Boulevard, it’s the oldest dated from the 13th century, the most famous, and one of the largest open air events in Europe that attracts about 6.5 mln guests to Gdańsk every summer.

‘Długi Targ’ Hotel Project will be the first development project of Von der Heyden Group in Gdańsk and the Group is actively observing the local market for further opportunities there.

Download:

VDHG Press Release 28-04-2016 ENG

Długi Targ under construction

Von der Heyden Group has finally started the construction of the Długi Targ hotel project in Gdańsk.

The Długi Targ project was acquired by Von der Heyden Group in a tender held by Millenium Bank some years ago and is located in the most attractive part in Gdańsk, at the corner of historic Długi Targ boulevard and ul. Mieszczańska, almost opposite the Neptune statute and the Dwór Artusa building. The tender to choose a general contractor was won by locally based company Allcon. Allcon Budownictwo specialises in general contracting under design-and-build type contracts and turn-key projects. Architectonica Michał Skwarło, a local studio has been chosen for the architectual design of the Długi Targ project and the interior design is made by Toya Design from Poznań. The project manger is Probuild. “Our timing at the acquisition was not ideal, just before the financial crisis broke in 2007/2008. We have taken advantage of the delays this imposed and optimised the design, increased the number of rooms and found a strong banking partner in Alior Bank,” said Sven von der Heyden, Von der Heyden Group’s chairman, on the signing the agreement. The hotel will be opened in late summer 2017 and will be managed by IBB Hotel Collection.

The estimated development budget for the project is EUR 11 mln. The project is based on the refurbishment and conversion of three historic semi-detached town houses into a 90-room hotel with a total area of app. 4,500 sqm. “The initial concept of Von der Heyden Group was to create a five-star boutique hotel. However, due to the changing market environment, the initial idea was adapted and a three-star hotel will be created. The building will also have prime retail space on the ground floor,” the developer explains. The characteristics of the external façade will be carefully preserved, while the interiors will feature modern innovations. The building will have five above-ground storeys. On July 1st, 2016 the cornerstone ceremony will take place. “Długi Targ will be the first development project of Von der Heyden Group in Gdańsk and the group is actively observing the local market for further opportunities,” the company has stated.

In Poland, IBBHC operates two four star hotels: IBB Grand Hotel Lublinianka in Lublin and IBB Andersia Hotel in Poznań.

Source: Eurobuild CEE

Ground breaking ceremony of hotel development project ‘IBB Hotel Długi Targ’ in Gdańsk

Location: Długi Targ 14-16, heart of the Old Town in Gdańsk
Estimated investment budget: Euro 11 million
Total area: 4.500 m2
End of Construction: late summer 2017
Investor and Developer: Długi Targ Sp. z o.o. (Von der Heyden Group, Adam Trybusz)
Project Manager: Probuild Sp. z o.o.
Architect: Biuro Projektów ‘Architectonica’ S.A.
General Contractor: Allcon Budownictwo Sp. z o.o. sp. k.
Interior Design: TOYA Design Sp. z o.o.
Financing Bank: Alior Bank S.A.
Hotel Operator: IBB Hotel Collection

The ‘Długi Targ’ development project (estimated development budget: Euro 11 million) is based on refurbishment and conversion of three historical semidetached city houses into a unique 90 room hotel with a total area of app. 4.500 m2.

With history of over 1000 years, Gdańsk is one of the oldest, one of the most dynamic, most popular tourist destinations in Poland. Together with Gdynia and Sopot, Gdańsk forms a conurbation of over 1.2 million inhabitants. Gdańsk, as the capital of the Pomerania Province is also an important academic and business centre in the country.

‘Długi Targ’ Hotel Development Project is a unique property acquired by Von der Heyden Group in a complex tender from Bank Millennium S.A. some years back and is located in the most attractive part in the heart of Gdańsk, at the corner of historical Długi Targ Boulevard and Mieszczanska Street, almost opposite to the Neptun’s Statute and the Dwór Artusa Building.

A complex tender for a General Contractor for construction works has been won by the locally based, renowned company, Allcon Sp. z o.o. sp. k. and the construction agreement was signed in April 2016. The chosen architect for the ‘Długi Targ’ Project is also a locally based company ‘Architectonica’ S.A. and the interior design is made by ‘TOYA Design’ Sp. z o.o. from Poznań. The Project Manger is ‘Probuild’ Sp. z o.o. The financing Bank for the Project is Alior Bank S.A.

The initial concept of Von der Heyden Group was to create a top 5* refined boutique hotel, however, due to changing market environment, the initial idea responded the local market needs and an efficient and trendy 3* Superior hotel will be created. The building will also have prime retail space on the ground floor. The characteristics of the external façade will be preserved, however at the same time, the interiors will be modern and full of innovative solutions.

The IBB Hotel Długi Targ in Gdańsk will be opened in late summer 2017 and will be managed by IBB Hotel Collection (IBBHC). In Poland, IBBHC successully operates two renowned 4* hotels: IBB Grand Hotel Lublinianka in Lublin and IBB Andersia Hotel in Poznań, both enjoying the best results in terms of REVPAR and occupancy. IBBBHC operates as well two 4* hotels and two 3* hotels in Germany, as well as three hotels in Spain: one 5* hotel, one 4* hotel and one 3* hotel (more info about IBBHC: http://www.ibbhotels.com).

In the new hotel in Gdańsk, guests will have 90 rooms and comfortable apartments at their disposal located on five above-ground storeys. The hotel will offer business facilities such as free in-room internet and business corners with a computer/printer for a public use. The hotel will also be focused on touristic groups with a drive-in access for busses, being the only hotel in the area with such a convenience. The venue will also offer retail lease and exquisite boutiques.

The city of Gdańsk will offer unforgettable memories and numerous events like e.g. St. Dominic’s Fair that is held in Długi Targ Boulevard, it’s the oldest dated from the 13th century, the most famous, and one of the largest open air events in Europe that attracts about 6.5 mln guests to Gdańsk every summer.

‘Długi Targ’ Hotel Project will be the first development project of Von der Heyden Group in Gdańsk and the Group is actively observing the local market for further opportunities there.

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Ground broken for Długi Targ

The ground breaking ceremony for the IBB Hotel Długi Targ in Gdańsk has taken place in the presence of Gdańsk mayor Paweł Adamowicz.

IBB Hotel Długi Targ in Gdańsk is being constructed at ul. Długi Targ 14–16. Investment costs are estimated at EUR 11 mln for the project. The hotel will be ready in the late summer 2017. The developer and investor behind the project is the Długi Targ company owned by the Von der Heyden Group and Adam Trybusz. Probuild is the project manager, while the general contractor is Allcon Budownictwo. Biuro Projektów Architectonica is responsible for the architectural design and Poznań studio Toya Design for the interior design. Alior Bank is providing finance for the project. IBB Hotel Collection will be the hotel operator.

The Długi Targ development project involves the refurbishment and conversion of three historic semi-detached townhouses into a 90-room hotel with a total area of app. 4,500 sqm. The buildings were acquired by Von der Heyden Group in a tender organized by Bank Millennium some years back and are located in the city’s Old Town, almost directly opposite the Neptun’s Statute and the Dwór Artusa Building.

Von der Heyden Group’s initial concept was to create a five-star boutique hotel; however, due to the changing market environment, the concept has been adapted to a three-star hotel will be developed with retail space on the ground floor. Characteristic elements of the external façade will be preserved, however the interiors will be modernised.

Długi Targ is the first development project by Von der Heyden Group in Gdańsk – a market the company is actively monitoring for further opportunities.

IBBHC operates two four star hotels in Poland: the IBB Grand Hotel Lublinianka in Lublin and the IBB Andersia Hotel in Poznań.

Source: Eurobuild CEE

VDHG trades Bonds on the Malta Stock Exchange

Von der Heyden Group Finance p.l.c. announced the successful public offering, placement and listing of our € 25 million 4.4% unsecured bonds 2024 issued by Von der Heyden Group Finance p.l.c. guaranteed by TIMAN Investments Holdings Ltd.

The Bond is approved by the Listing Authority and trading on the Official List of the Malta Stock Exchange commenced on March 20, 2017.

Malta Stock Exchange CEO Simon Zammit welcomed the company to the fold and congratulated its Chairman Mr Sven von der Heyden and its Executive Director, Mr Robert Rottinghuis as well as Nick Calamatta of Calamatta Cuschieri on the achievement.

The Von der Heyden Group Chairman, Sven von der Heyden, said: ‘The placement and listing of a corporate bond issued by our fully owned subsidiary is a milestone for the Von der Heyden Group. We feel obliged and honoured at the same time to have more than 1.300 Bondholders and look with great expectations into the future. This placement will enhance our capability to reach our ambitious goals for the years to come.’

Von der Heyden Group Finance p.l.c. forms part of Von der Heyden Group (VDHG) which is a high quality niche player on the European Real Estate Market and has been successfully developing Class A Office buildings and Hotels in always top central and strategic locations in 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.

With over 25 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. Since 1989, a volume of investment of around Euro 350 million has been achieved in Poland, Germany and Spain. There are plans to invest further 175 million during the next 3 years, including equity and debt. New country of investment includes Malta.

Source: The Malta Independent