“With the Group’s new €35 million bond issue, Von der Heyden Group’s founder and Chairman, Sven von der Heyden, talks through the Group’s exciting history, its proudest highlights to-date, and the ongoing pro- jects that make the future look bright – for the Group and its investors…”
Source: The Sunday Times of Malta
The Sunday Times of Malta interview with Sven von der Heyden
“Von der Heyden Group may not be the first name to spring to mind when you think of legacy real estate and investment in Malta but – perhaps – it should be…”
Source: Times of Malta
Von der Heyden Yachting, a subsidiary of Malta-based international investment firm Von der Heyden Group, has partnered with industry experts Yacht Carbon Offset to address their greenhouse gas (GHG) emissions impact.
The company, flying the Riva exclusive dealership flag, has worked with the specialised environmental service organisation to offset the net environmental impact of its past 55-charter season around Malta and the Italian Riviera.
Head of Sustainability for the Group, Anuschka von der Heyden, said, “Although we take the precautions to ensure an eco-conscious ethos in everything that we do, we are mindful of the superyacht industry’s real impact on the environment. While we see the industry’s technology develop more sustainably, Von der Heyden Yachting will be committed to counterbalancing its impact through investing in renewable energy.”
Von der Heyden Yachting has offset 126 tonnes of CO2e by supporting the development of the Soubré Hydroelectric Power project in Cote d’Ivoire.
Developed under the umbrella of the United Nations to meet emissions reduction goals, the offsetting tool works to counterbalance unavoidable greenhouse gasses. Since its inception in 2008, Yacht Carbon Offset has offset over a quarter of a million tonnes of CO2e in renewable energy sources.
Over the last six months, Von der Heyden Group has recorded ESG-focused activities, including its LEED Gold level planning in its newest A-class building development in Poznań, preparations to align with the European Commission’s Corporate Sustainability Reporting Directive (CSRD) coming into action in 2024, as well as its participation among 191 other countries for World Clean Up Day.
The Group also recently celebrated the official opening of its 5th catering establishment Hammett’s Monastik, whose farm-to-table concept focuses on sourcing at least 90% of its produce from sustainable, organic, and local sources.
Von der Heyden Group Finance PLC has announced that its new ten-year €35 million bond issue with an annual interest rate of five per cent has been fully subscribed, with its offer period closing earlier. The Bond Issue was allocated amongst the maturing Bondholders and authorised financial intermediaries in accordance with the terms of the Prospectus, with subscriptions closing early on the 24th of November 2022.
The intermediaries offer closed before its due date on the 2nd of December. The new unsecured bonds, having a nominal value of €100 per bond issued at par, are guaranteed by the Group’s parent company, Timan Investments Holdings Limited.
The bonds are expected to be admitted to the Official List of the Malta Stock Exchange on the 16th of December, and trading is expected to commence on the 19th of December.
Chairman of Von der Heyden Group Finance Tonio Fenech thanked the investing public, particularly maturing and new bondholders and authorised financial intermediaries, for their unwavering support in this Bond issue.
Sven von der Heyden, Chairman and Founder of the Von der Heyden Group, mentioned how 2022 was a defining year, having started the above-ground works of Andersia Silver, the final development phase of Poznań’s Financial district in Poland, taken steps to acquire its flagship luxury boutique hotel in Malta as well as other investment classes in the European markets of which the Group operates.
The success of the Von der Heyden Group bond issue was possible through the guidance and support of several entities, including Calamatta Cuschieri (Sponsor & Co-Manager), GVZH (Legal Counsel), and EY (auditors and financial advisors).
European investment firm Von der Heyden Group headquartered in Malta has acquired a prominent location on the waterfront of the Mahón Marina in Menorca. The Group has established on Balearic Island with a two-decade history in its Travel and Yachting subsidiaries as well as its two hospitality brands Cugó Gran and IBB Hotel Collection.
The Malta-inspired Hammett’s Mestizo concept with a 35-strong team, will mark the Group’s 5th establishment in its catering division, but its first, overseas in Menorca with Hammett’s Collection.
The Group has also established itself in Malta with the award-winning Cugó Gran Macina, a revival of Senglea’s 16th-century fortification in 2018. The group has ambitious plans to grow the Cugó Gran Hotel Brand in Malta, Italy and Costa Rica to complement its storied and landmark hotel portfolio.
Chairman and Founder Sven von der Heyden said ‘It is an honour to expand our Maltaborn concept of Hammett’s Mestizo in Menorca. Even though I no longer live in Menorca for nearly a decade, my heart is close to this wonderful island, and I am proud, that our group creates jobs and can again contribute to the ever-growing quality in hospitality in Menorca”.
Around mid-May, Hammett’s Mestizo Mahón will be inaugurated after a first-light renovation on a terraced, three-levelled waterside property with views of the island of Illa del Rey and one of the prettiest natural harbours In the world. The Restaurant is accessible and located directly beside the iconic Club Marítimo and the public elevator reaching the port. In Winter 2023/2024 further enhancement and embellishment works are planned.
The Von der Heyden Group recently announced the full subscription of their new ten-year €35 million 5% unsecured bond last January. With growth, diversification and quality at the forefront of its investment strategy, the Group’s flagship commercial 40.000 sqm real estate building Andersia Silver in Poznań, Poland designed with intelligent solutions and sustainable operations, continues to rise in construction to be the highest building. This project will be completing its 27-year successful public-private partnership with the City of Poznań. With Assets over Euro 140 mln., the Von der Heyden Group is present currently in 8 countries in Europe and plans to expand to Costa Rica. To date, and in its 33-year history, the Investor has recorded investments programs, representations and developments of more than €650 million.
Von der Heyden Group’s holding company TIMAN Investments Holdings Limited, reported its consolidated results for 2022 that saw a 32% increase in the Group’s overall revenue, reaching €15.2 million. A significant improvement in profitability has also been achieved with an increase in adjusted EBITDA by 10% to €4.7 million.
TIMAN Investments Holdings Limited and its subsidiaries (collectively the “Group”) is involved in real estate investments and development, hospitality and catering, and other private equity investments across Europe including Germany, Italy, Malta, Poland, and Spain.
The accommodation segment of the Group contributed to 84% of the Group’s overall increase in revenue which itself saw a 43% growth from last year to €10.4 million. The improved results were due to the increased occupancy levels and higher room rates which were complemented with the cost efficiencies realized through the recent restructuring in operations. The catering segment also saw improvements, with an increase of 6% in sales to €2.4 million.
The Group’s strategy of growing its luxury offering under the Cugó Gran Collection brand, continues as it targets new properties and operations in Malta, Italy, Spain and Costa Rica.
These achievements have been recorded despite the continued pressures from inflation, as a result of the war in Ukraine, disruption in supply chains and an increase in energy prices.
The Group’s total assets increased by 6% from the previous year, reaching €142 million. Attributing factors include improved operating results, further investments in the development activities, and fair value gains.
During the year under review, the Group’s investment properties have also increased by a significant 38%, reaching a total of €45 million. This increase was mainly driven by the construction of Andersia Silver, a 26-storey A-class office tower, the Group’s flagship development in Poznań, Poland. The project, will complete the four phase 27-year partnership with the City of Poznań and is progressing at a construction pace of two levels per month, with the shell and core expected to be completed by Q1 2024.
In Q4 of 2022 the Group successfully raised a €35 million 5% unsecured bond with a 10-year term, maturing in 2032 on the Malta Stock Exchange. As part of the new bond issue, the Company early redeemed its €25 million bonds that were due to mature in 2024. The bondholders representing 78% of the €25 million bond, for a total of €19.5m, rolled-over their holdings to the new €35 bond, a testament to the bondholders’ unwavering confidence in the Group.
The Group has also published its first ESG report, communicating the environmental and social impact of its activity and the steps being taken, aimed to reduce its total energy consumption and carbon footprint in line with the objectives of the European Green Deal.
The Von der Heyden Group welcomes Herald Bonnici to the management team of the Group in his role as Head of Operations. Mr Bonnici brings a wealth of experience as former CEO of a public investment management entity and Director General at the Ministry for Finance. His expertise in strategic planning, business process re-engineering, ESG, and alternative investments will undoubtedly make him another asset to the Group!
Von der Heyden Group welcomes Michael Amato to the Group as Country Manager for Italy! With a solid background in Advisory, Corporate Finance, and the yachting industry, Michael brings valuable expertise to the Group. His prior experience as COO and in sales will be instrumental in achieving the company’s vision for Italy and in delivering value to all stakeholders. We are delighted to extend a warm welcome to Michael Amato as he embarks on a new journey with us!
Some of the most magnificent Classic Yachts from around the World have embarked on a 580 nautical mile race, the Trophée Bailli de Suffren. This year’s 22nd edition saw the fleet course stop over in some of the most magnificent ports in the Mediterranean in Saint. Tropez, Bonifacio, Trapani and finally concluding in Birgu, Malta.
Unique in its historical significance, naval etiquette and Corinthian spirit, the Trophée Bailli de Suffren has, for over the past two decades, brought together more than 108 classic yachts.
Dubbed as the Gentleman’s Race, it is the only International Classic boats race in the world and follows in the footsteps of Pierre André de Suffren of Saint-Tropez, Bailli and Grand Cross of the Order of St John of Jerusalem and Vice-Admiral of the French Navy under Louis XVI.
Co-hosted by Yachting Malta and Von der Heyden Yachting and coordinated by the Marenostrum Racing Club, of Saint-Tropez, The Trophée Bailli de Suffren held its prize giving ceremony yesterday at the Sheer Bastion, atop the Cugó Gran Macina hotel.
The overall winners of 2023’s edition, divided into Classic, Spirit of Tradition and Multihull (Multicoque) categories were:
Classic:
Eugenia 5 at Baptiste Garnier
Spirit of tradition:
Flora at Philippe Descorps
Multihull:
Rebel at Gerard Marchetti
Her Excellency Agnès von der Mühll, the Ambassador of France to Malta, Lionel Péan, President of the Marenostrum Racing Club (MRC), Olivier Plique, MRC Ambassador in Malta and David Cremona and the Commodore of the Royal Malta Yacht Club all had words of congratulations to the international fleet of 14 participating yachts.
We are honored to host the prestigious Trophée Bailli de Suffren awards ceremony at the historic Cugó Gran Macina hotel. Built in 1554 by the order of St. John, the building played a vital role in protecting Senglea and later in servicing ships with its ‘sheer’ crane machine structure. Alongside our sister company, Von der Heyden Yachting, we are delighted to be part of this staple tradition, embodying values of quality, speed, and style at sea.
Dylan Steyn, Charter Manager, Von der Heyden Yachting.
Von der Heyden Yachting is one of the Von der Heyden Group’s leisure subsidiaries in its portfolio specialising in yacht charter, sales and service of world-class yachts around the Mediterranean.
22 września 2023 r. na ostatniej kondygnacji Andersii Silver zawieszono symboliczną wiechę. Biurowiec osiągnął swoją docelową wysokość i stał się najwyższym budynkiem stolicy Wielkopolski. To ważny moment dla Poznania.
22 września 2023 r. na szczycie ostatniej kondygnacji powstającego właśnie poznańskiego biurowca Andersia Silver pojawiała się symboliczna wiecha.
– Rozwój Poznania nie byłby możliwy bez takich inwestorów, takich architektów i takich wykonawców. To najwyższy obiekt w Poznaniu, powstaną piękne i nowoczesne biura dla firm, które rozważają inwestowanie w naszym mieście. Bez takich obiektów nie byłoby tych podmiotów w Poznaniu, nie byłoby dobrze płatnych miejsc pracy. Ta współpraca prywatnego biznesu, świetnych wykonawców i inwestorów powodują, że rozwija się miasto i mieszkańcy są zadowoleni – stwierdził podczas uroczystości Jacek Jaśkowiak, Prezydent Poznania.
– Andersia Silver zmieniła panoramę Poznania, stając się najwyższym budynkiem nie tylko miasta, ale Wielkopolski. Drogę na szczyt – od poziomu zero do docelowej wysokości 25. kondygnacji – pokonaliśmy w rekordowym tempie zaledwie 12 miesięcy.– podkreślił Piotr Kledzik, Prezes Zarządu PORR S.A., generalnego wykonawcy inwestycji.
Symboliczna wiecha zwiastuje zakończenie wznoszenia konstrukcji 116-metrowego kolosa. Na ten moment czekali nie tylko inicjatorzy i realizatorzy inwestycji. Górujący nad Poznaniem Andersia Silver odciągnął swoją docelową wysokość i stał się najwyższym budynkiem stolicy Wielkopolski.
– To dla nas moment pełen dumy. Niespełna 12 miesięcy temu wmurowaliśmy kamień węgielny, a dziś konstrukcja budynku o 25 naziemnych kondygnacjach jest już gotowa. Zawdzięczamy to niebywałej umiejętności i zaangażowaniu generalnego wykonawcy – firmie PORR S.A. i jej pracowników. I to przede wszystkim im dedykujemy dzisiejszą uroczystość, jednocześnie dziękując za tą niezwykłą umiejętność zmiany wizji, która jest na papierze w rzeczywistość fizyczną, czyli w budynek Andersia Silver – powiedział podczas uroczystego zawieszenia wiechy Adam Trybusz, Prezes Zarządu Andersia Property Sp. z o.o.
Andersia Silver nowym liderem wysokości, wielkości i jakości
Zakończenie wznoszenia konstrukcji biurowca oznacza zmianę na pozycji lidera w klasyfikacji najwyższych budynków Poznania. Andersia Silver jest w tej chwili najwyższym budynkiem stolicy Wielkopolski. Jednak wznoszony od 2020 r. biurowiec nie tylko wysokością będzie górował nad Poznaniem. To także największy biurowiec Wielkopolski, który ma 25 kondygnacji naziemnych i 3 podziemne, 116 metrów wysokości i aż 40 tys. mkw. powierzchni. Budynek został zaprojektowanym zgodnie z najwyższymi standardami i zasadami zrównoważonego rozwoju, a jego ekologiczność potwierdzi, m.in. certyfikat LEED na poziomie Gold. Andersia Silver będzie obsługiwana przez 15 wind, a swoim przyszłym najemcom zaoferuje trzy typy powierzchni, różniących się wielkością, z możliwością łączenia ich wewnętrznymi (powierzchniowymi) klatkami schodowymi. Bezpośrednio z parteru dostępna będzie rowerownia wraz z szatnią, prysznicami, stanowiskami serwisowymi oraz ładowarkami. Na parkingu samochodowym znajdzie się 227 miejsc parkingowych oraz stacje do ładowania pojazdów elektrycznych. Na wysoki komfort użytkowania obiektu wpłynie również specjalna aplikacja budynkowa.
Budowa, jakiej nie było w Poznaniu
Na etapie wznoszenia konstrukcji Andersii Silver zostały zastosowane, po raz pierwszy w Poznaniu, np. intrygujące, widoczne z ulicy deskowanie samowznoszące i osłony przeciwwiatrowe. Te innowacyjne rozwiązania umożliwiają budowę budynków wysokościowych ograniczając użycie żurawi wieżowych oraz zwiększając bezpieczeństwo pracowników.
– Zastosowanie takich rozwiązań pozwala na oszczędności energetyczne i finansowe oraz zmniejsza wpływ czynników atmosferycznych na pracowników budowy, ograniczając rozprzestrzenianie się zanieczyszczeń – tłumaczy Mariusz Gaertner, Kierownik Projektu, Probuild.
Warto wspomnieć także o niesamowitych fasadach Andersii Silver. Są one energooszczędne, o wysokich parametrach akustycznych i przeszklone szkłem funkcyjnym, które ogranicza ilość przepuszczanego światła, zmniejszając stopień nagrzewania się pomieszczeń, a tym samym wydatek energetyczny na ich ochłodzenie. Co istotne, fasadę tworzą gotowe segmenty montowane w warunkach fabrycznych, a nie bezpośrednio na budowie, co umożliwi nie tylko ich szybszą instalację, ale także większą kontrolę zanieczyszczeń i zmniejszenie odpadów. Już teraz widać jak kolejne piętra otaczane są nowoczesnym przeszkleniem, w którym zaprojektowane zostały także uchylne wąskie skrzydełka okien, umożliwiające użytkownikom obiektu przewietrzanie pomieszczeń, nie tylko przez systemy pełnej wewnętrznej klimatyzacji, ale i poprzez bezpośredni dostęp do zewnętrznego powietrza. To rozwiązania mające na celu podniesienie komfortu klimatycznego pomieszczeń ze szczególnym uwzględnieniem ich jakości sanitarno-higienicznej.
– Wrażenie robi nie tylko wysokość budynku, ale także jego szklana fasada, która dzięki niewidocznym z zewnątrz elementom łączącym wygląda jak gładka lustrzana tafla. Montujemy ją w systemie segmentowym, czyli bez użycia rusztowań – to pierwsze wykorzystanie tego typu technologii w Poznaniu – zdradza Piotr Kledzik.
Nowa architektoniczna wizytówka Poznania
Andersia Silver zalśni nie tylko wysokości, ale także architektoniczną atrakcyjnością. Niezwykłą fasadę biurowca tworzą semistrukturalne ściany kurtynowe dające efekt jednorodnej tafli szkła. Najemcy będą mogli cieszyć się inspirującymi widokami na panoramę Poznania z aż trzech tarasów zlokalizowanych na 12 i 19 piętrze.
Finalna odsłona Placu Andersa
Powstanie biurowca Andersia Silver finalizuje trwającą od 25 lat inwestycję zlokalizowaną przy Placu Andersa w Poznaniu. Realizują ją wspólnie Von der Heyden Group i Miasto Poznań, a jej łączny budżet wyniesie 250 mln euro, czyli ponad miliard złotych. Efektem tej inwestycji jest spektakularna metamorfoza nieuporządkowanego skweru do tętniącego miejskim życiem biurowego centrum Poznania. Zespół obiektów zlokalizowanych przy Placu Andersa stał się biznesową wizytówką stolicy Wielkopolski, a oddanie do użytku Andersii Silver jeszcze bardziej podkreśli jego potencjał, tworząc najnowocześniejszą powierzchnię biurową w najdogodniejszej dla użytkowników lokalizacji, od lat kojarzonej z nowatorstwem i konkurencyjnością.
– Budowanie to wybitnie zespołowa działalność. Pojedyncza osoba nie stworzy obiektu o takim wymiarze. Dlatego jest nas dużo i każdy tutaj jest ważny. Mamy szanse kolejny raz pozostawić po sobie ślad, który wpisze się w krajobraz miasta, kolejne miejsce na spacer z wnukami i opowieść o tym, jaką przygodę tutaj przeżyliśmy – powiedział Wojciech Korybalski, Dyrektor Regionu Poznań PORR S.A.
Zakończenie prac na poznańskim Placu Andersa i oddanie do użytku biurowca Andersia Silver planowane jest na 2025 r.
Important development impulse for Vittoriosa and the Grand Harbour
Vittoriosa, in Maltese Birgu, will get a new go-to-place for tourists from all over the world in 2025. In 2016 the German Qcoon Real Estate acquired the Palace of the Captains of the Galleys, which is steeped in history and had previously lain dormant for decades. Since then, the project developer has carried out extensive historical research in close coordination with the authorities, renovated the building and completed the structural work. In the coming months, the interior of the Palace of the Captains of the Galleys will be completed. In 2025, the Cugó Gran Vittoriosa, an exquisite hotel with 18 individually designed suites, will open within the historic walls. The hotel will be operated by the IBB Hotel Collection, a subsidiary of Malta based Von der Heyden Group, which also manages the Cugó Gran Macina Malta Hotel and IBB Hotel Palazzo Bettina right next door.
“2025 is the year,” says Bastian Große Halbuer from project developer Qcoon Real Estate GmbH. “The Cugó Gran Vittoriosa will open its doors in the historic Palace of the Captains of the Galleys. We are looking forward to welcoming visitors from all over the world who will contribute to the revitalisation of the peninsula with the “three cities” and the Grand Harbour. We, Qcoon Real Estate, have carried out the renovation of the 18th century building over the past few years. With the IBB Hotel Collection, we have found a very experienced hotel management company with an excellent local network. We are therefore convinced that the building will give Vittoriosa and its neighbouring towns a noticeable urban development impulse.”
“The Cugó Gran Vittoriosa will complete the IBB Hotel Collection offer in two of the three cities, Senglea and Birgu, referred to Vittoriosa”, mentioned Samuel Santos, CEO of IBB Hotel Collection. “We are delighted to enrich the Maltese hotel market and to be a great part in the further development of Birgu with the new hotel Cugó Gran Vittoriosa. The location of the boutique hotel is ideal for travelers who want to discover local life, the Maltese gastronomy and history, and feel at home.”
The new Cugó Gran Vittoriosa Hotel in the Palace of the Captains of the Galleys opens in one of the most historic areas on Malta’s north-east coast. It is located on the headland with the “three cities” that reaches deep into the Grand Harbour Bay. Guests from all over the world can immerse themselves in Malta’s history by visiting the world-famous Fort St. Angelo: Because of its strategically favourable location, the small fishing village of Birgu was chosen by the Order of St John as Malta’s capital for a few decades in 1532. When the Turks attacked Malta in 1565, Birgu played a decisive role in the successful defence with its Fort St. Angelo – hence the honorary name “Vittoriosa”, “the victorious one”. Today, in addition to locals, artists and small cafés make the town a feel-good place. The historical richness of Birgu appears particularly vivid when residents illuminate the historic squares and buildings in soft candlelight.
The Palace of the Captains of the Galleys is an 18th century building that was already documented as ‘Hotel des Capitanes des Galeres’ in 1741. The façade as well as the historic merits of the building have remained true to their origin, however, internally the property has an exclusive contemporary design that will provides all the comfort a luxury guest could wish for, with an undisturbed view of the Grand Harbour opposite the capital city of Malta, Valletta. The 18 differently sized rooms will each have their unique features and airy structure and are designed for the high-end luxury guest. Moreover, the property is designed to be a sustainable building, employing construction methods that promote energy efficiency. Currently undergoing renovation, the property is anticipated to be fully operational by the end of 2025.
Object: Palace Captains of the Galleys Vittoriosa
Adress: Wharf Birgu BRG, 1721, Malta
Preliminary work, planning, renovation: 2016 until 2023
Opening planned: 2025
Hotel: 18 individually designed suites, restaurant and own spa area, gross floor area of 5.400 m2
Developer: Qcoon Real Estate GmbH
Hotel manager: IBB Hotel Collection
Visualizations: Lasse Rode
Please visit Cugó Gran website
The Von der Heyden Group is delighted to announce the official opening of the first IBB Hotel in Malta located at the heart of the Three Cities.
The brand new IBB Hotel Palazzo Bettina is a historic boutique hotel featuring 13 luxuriously furnished rooms and an exquisite rooftop with a private outdoor pool. It is where history meets contemporary design, inviting anyone in who is keen to live an authentic Maltese experience with a twist.
Revelling in a rich history, the building was previously owned and lived in by a lady-in-waiting to the queen of Naples before it became a convent, a British military hospital and a property used by Malta’s first saint Dun Ġorġ Preca. It is even home to one or two ghost stories that have been told around the island for years.
Following the Cugó Gran Macina opening its doors in 2018, it marks the second hotel to open in the area for the IBB & Cugó Gran Hotel Collections, which both form part of the Von der Heyden Group.
