Download: Coppini moves to Von der Heyden Group, Times of Malta
Download: Coppini moves to Von der Heyden Group, Times of Malta
The Valletta-based Von der Heyden Group is investing €154 million in the Bavaria Towers, a €380 million development consisting of three office towers and a hotel tower that will redefine the skyline of Munich. Described as one of the most spectacular developments in the recent history of this German city, the building will make an impressive visual statement on the main access to Munich’s eastern district of Bogenhausen. The building shells for all four towers will be finished before the end of the year, while completion of the entire project is currently planned for the third quarter of 2018.
The Von der Heyden Group also owns the IBB Hotel Collection which operates hotels in Spain, Malta, Germany and Poland. Last April, IBB announced the restoration and renovation of Senglea’s iconic Maċina Bastion to become the first exclusive Cugó Gran hotel in Malta, opening in mid-summer 2017. IBB Plazza Merkanti in Valletta will be their second hotel in Malta when it opens its doors in January 2018. Last week, the hotel chain opened its 11th and 12th IBB Hotels in Ingelheim and Paderborn respectively.
The Munich project consists of three office towers with a total floor space of 62,000 sqm of tenanted areas and a hotel tower leased by H-Hotels‘ new premium brand Hyperion to open in October 2018. The hotel occupies the 54 metre high White Tower, of which 14 of its 15 floors are already completed, and will become one of Munich‘s premier destinations for business travelers as it benefits from its direct proximity to the Munich exhibition centre. Services geared towards business travellers, such as valet parking, business lounges featuring dedicated check-in and concierge services are among the many highlights offered by this new hotel with its 345 guest rooms.
The profile of Munich‘s new architectural highlight also includes office space starting at 250 sqm to accommodate single offices or open plan layouts as well as a pioneering sustainability concept. Two underground car parks offer 960 car spaces. The towers will hold the prestigious LEED Gold or DGNB Gold sustainability certifications. The project is the brainchild of development company Bayern Projekt GmbH, who have teamed up with the investment partners Von der Heyden Group and Zurich Group Germany to bring this exciting new development to life.
Mr Sven von der Heyden, Chairman of the Von der Heyden Group, said: “The laying of the foundation stone kickstarts one of Munich‘s most important development projects. The Bavaria Towers will be making an important contribution to contemporary urban planning as they create an architectural highlight that will make the residents of Munich proud of their city and at the same time will make the quality and standards of tomorrow available to be enjoyed by its occupiers today.”
The symbolic foundation stone was placed in the centre of the development among the well progressed highrise towers, in order to ensure its visibility for future occupiers and visitors. The highlight of the festive event, attended by Munich‘s Deputy Mayor Josef Schmid, the Head of the Urban Planning and Construction Authority, Prof. Dr. Elisabeth Merk, and over 200 guests, was ‘the landing of a Martian’, who handed over a time capsule holding plans, daily newspapers and coins that were immured into the foundation stone.
The IBB portfolio includes business and resort hotels in the three-, four- and five-star category. Providing leasing, management and franchise contracts and investing in attractive operator free properties, the hotel company has ambitious growth plans, focusing on the countries where it is already active.
We are pleased to announce that Mr Luke Coppini has joined the Von der Heyden Group as Group Chief Financial Officer and will be appointed as a management board member of TIMAN Investments Holdings Ltd. as of the 18th of September 2017.
Luke Coppini has gained vast experience in the field of finance during the last more than 30 years of his professional career serving the last 5 years as CEO of MIDI plc., a large Maltese public Real Estate Development Company. Under Luke´s supervision as CEO, MIDI has successfully developed Q1 and Q2 residential towers as well as the T14 Office Building. Before being appointed CEO of MIDI plc., he held the position of CFO of the same company, where he had a significant role in the residential and commercial development at Tigne Point opposite of Valletta.
Prior to his time at MIDI, Luke Coppini worked at the Mizzi Organisation in executive positions.
In Von der Heyden Group, Luke Coppini will be ultimately responsible for the Group’s Financing and Financial Reporting, which also includes IBB Hotel Collection.
Mr Javier Errejón Sainz de la Maza will be promoted to Senior Executive Director and will be responsible for Strategy, Investment and Controlling for the entire Group and will remain at the same time an executive board member of TIMAN Investments Holdings Ltd.
On the new appointment, Mr Sven von der Heyden, Chairman of Von der Heyden Group said: ‘We are very pleased to have Luke in our team, who compliments our profile perfectly. During the last 3 years I got to know Luke as a calm and level headed professional with lots of experience in Real Estate Development, which still remains our core business.’
He went on further to thank Javier Errejón Sainz de la Maza for his loyal and hard-working support during the last 11 years also in challenging times: ‘Javier and I spearheaded the Von der Heyden Group for more than 10 years together now and have weathered many storms but also celebrated great successes together. I am happy that Javier is promoted to take on Investment, Strategy and Investment Control of the entire Group.’
‘I am honoured to have been selected to form part of the executive team at Von der Heyden Group’, Mr Luke Coppini said, ‘I look forward to working in this young and dynamic group with a successful history and ambitious plans for the coming years.’
Von der Heyden Group are excited about our future, the recent 25 mln Euro bond issue on the Maltese stock exchange, which was subscribed by more than 1.300 local investors and a few institutions, has been a great support in helping Von der Heyden Group and IBB Hotel Collection to grow to spheres we have carefully analysed and prepared.