Former Finance Minister joins VDH Group Management Board

The Von der Heyden Group is expanding and consolidating its central operations in Malta.

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.

Former Finance Minister Tonio Fenech joins the Management Board of TIMAN Investments Holdings. Mr Fenech played a key role in driving forward Malta’s economic development.

Meanwhile, 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.

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 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.”

The Von der Heyden Group is undergoing the finalisation 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.
In 2019, the Group plans to invest in Ukraine and the Maldives, although the due diligence phase is still ongoing.

Source: www.maltachamber.org.mt

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.

Von der Heyden Group opens New Offices in Ukraine for multi-million euro Real Estate investments in Kyiv and Lviv

Von der Heyden Group, an international investment firm on the European Real Estate market with a value of over half a billion euro in aggregated invested assets, has opened new offices in Kyiv in Q4 2019 to establish multi-million euro investments in Ukraine. The Group is renowned for being a first mover in emerging markets, creating landmark Class A office buildings, running award winning hotels and delivering superior returns from real estate investment.

The Group, founded in Germany in 1989, will invest around €50 million in commercial and residential properties in Kyiv and Lviv during its preliminary phase, aiming to increase this to up to fourfold in its mid-term portfolio expansion in a favourable market.

“Ukraine’s market is rapidly maturing, as the country continues to strengthen its institutional framework and align its economy with that of the European Union. For these and other positive reasons it tops the Von der Heyden list in offering the right investment opportunities. As we have done in Poland, our Group intends to make a lasting mark in Ukraine by being one of the first international real estate investors.”– Robert Rottinghuis; Chief Executive Officer, Von der Heyden Group

The new offices in Ukraine marks the Group’s further expansion as an international private investment and real estate firm with representative offices in eight countries.

The Von der Heyden Group has appointed a local expert team, formed to expand the Group’s real estate portfolio led by Mr. Dmitry Havrylenko who assumes the role of Chief Executive Officer in Ukraine. Mr. Havrylenko until recently held the postion of National Director and head of the Ukrainian office of global investment management firm, Jones Lang LaSalle (JLL) and has been a valued counsellor to a number of  leading professional services and investment firms. Having attracted more than USD 1 bln for Ukrainian companies, the Group’s Ukraine office CEO comes with over 15 years of experience in investment banking, private equity and real estate investments.

Tatyana Yarmolitskaya, a real estate professional with over 15 years of experience in real estate finance, investments and asset management joins the Von der Heyden Group as Investment Director. Until recently Ms. Yarmolitskaya held the role of Head of Capital Markets at the Kyiv office of Jones Lang LaSalle (JLL).

Daniel Parsai, a lawyer by background with specialization in local and international taxation also joins the team as Legal & Tax Director, having worked on a variety of M&A and real estate transactions for multinationals and international institutional clients. Until recently Mr. Parsai held the role of Associate with the tax practice of  leading Ukrainian law firm, Arzinger.

VDHG Opens New Offices in Ukraine 24 01 2020 ENG
VDHG Opens New Offices in Ukraine 24 01 2020 UKR

 

Von der Heyden Group from Europe opens regional office in Kyiv, Interfax-Ukraine

Von der Heyden Group, an international investment firm on the European real estate market (Valletta, Malta), has opened its first regional office in Kyiv and plans to invest EUR 50 million in commercial and residential property in Kyiv and Lviv during its preliminary phase.
“Von der Heyden Group… has opened new offices in Kyiv in Q4 2019 to establish multi-million euro investments in Ukraine. The group… will invest around EUR 50 million in commercial and residential properties in Kyiv and Lviv during its preliminary phase, aiming to increase this to up to fourfold in its mid-term portfolio expansion in a favourable market,” the company said in a press release.
According to the report, the Von der Heyden Group has appointed a local expert team, formed to expand the group’s real estate portfolio led by Dmitry Havrylenko who assumes the role of Chief Executive Officer in Ukraine. Havrylenko until recently held the position of National Director and head of the Ukrainian office of global investment management firm, Jones Lang LaSalle (JLL). Ex-Head of Capital Markets at the Kyiv office of Jones Lang LaSalle (JLL) Tatyana Yarmolitskaya joined the Von der Heyden Group as Investment Director. Ex-Associate with the tax practice of leading Ukrainian law firm, Arzinger, also joined the team as Legal & Tax Director.