Opportunity Poland

Opportunity Poland – a non-profit initiative group which aims to gain new foreign investments for Poland and create positive image of Poland in Europe.

The idea was born in Cannes during International MIPIM Fairs 2003 when Von der Heyden Group initiated activities to improve Poland’s competitive position abroad. The idea met the support of the Association of the Polish Cities at the end of 2003. In the mid February of 2004 Opportunity Poland was born into being. It was formed by internationally recognized companies mainly connected with real estate market in February 2004.

Among its members there are such companies as:

Baker McKenzie
Bank BPH
CMS Cameron McKenna
EC Harris
Eurobuild
Ernst & Young
Hines
Hochtief
Knight Frank
Lovells
Miasto Poznań
G. I. Probuild
Prokom Investments
Prologis
re.PUBLIK
Salans
Skanska
tabelaofert.pl
Targi CEPIF
Von der Heyden Group
Warsaw Voice
Związek Miast Polskich.

First step will be taken by Opportunity Poland during the MIPIM Fairs 2004 when companies will organize a Polish discussion panel: “MAY we invite you to Poland?” with participation of the following panelists:

1. Mr Sven von der Heyden – moderator – Chairman Von der Heyden Group
2. Mr Paweł Dębowski – Head of Real Estate & Construction Department, Managing Partner CMS Cameron McKenna
3. Mr Mieczysław Godzisz – Managing Director, Hines Poland
4. Mr Marek Grodek – Advocate, Head of Real Estate Group, Partner Salans Poland
5. Mr Michael de Jong-Douglas – First Vice President Country Officer Central & Eastern Europe Prologis
6. Mrs Jolanta Nowakowska-Zimoch – Advocate, Partner Lovells Poland
7. Mr Witold M. Orłowski – prof. of economics, chief economic advisor to the President of Poland, consultant to the World Bank, EBRD, FAO and the European Commission
8. Mr Remigiusz Paszkiewicz – Head of the President’s Cabinet, National Bank of Poland
9. Mr Mike Pearce – EC Harris – Managing Director Poland
10. Mr Łukasz Ziółek – Senior Tax Manager, Ernst & Young Poland.

After MIPIM Fairs 2004, Opportunity Poland will be transformed into an Association that will be independent, free of any particular influence and exclusively used to promote Poland, to improve the awareness abroad and create positive atmosphere around Poland abroad.

Warsaw: Welcome new Tenants in Liberty Corner and Prima Court!

Von der Heyden Group, developer of Liberty Corner and Prima Court office buildings in Warsaw, is pleased to announce newly signed lease agreements. The following companies have chosen the very centre of Warsaw for their headquarters:

In Liberty Corner:

1. Instituto Valenciano de la Exportacion, IVEX S.A. – Valencian governmental institution for the promotion of companies and products of the Valencian Community in foreign markets and attract foreign investment. Liberty Corner is IVEX’s second largest office in the world;

2. Nicolas Neumann – Nicolas Neumann Interiors Sp. z o.o. is a Polish subsidiary of a reputable German interior design office and retailer. The company has a long established history of cooperating with well known producers of furniture, textiles and house commodities such as Kroncke, Lambert, Fendi, Marktex and many more. Although most of the clients originate within southern Germany, with its main office in Gmund am Tegernsee near Munich, the Polish company has been established in recognition of the growth potential of the Polish market. The company in Poland offers interior design and planning services as well as advice and sale of quality furniture and accessories.

Liberty Corner is situated in the very centre of Warsaw, at the corner of Mysia and Bracka Street close to the historical Plac Trzech Krzyży. In the immediate vicinity one can find the Warsaw Stock Exchange, international embassies, ministries and other government buildings as well as a Sheraton Hotel.

Liberty Corner was finished in June 2003 and it’s the first office building in Poland designed without structural columns, ensuring extra natural light, and providing more flexibility for the space planning. The building is designed in two independent parts. One section has been recently sold and serves as the headquarters for the Polish Press Agency (2,500 sqm). The second building is designed as a stand-alone space that is ideally suited for the office seat of an international organization.

Liberty Corner offers a state-of-the-art telecommunications system, 4-pipe air conditioning system with a separate floor by floor regulation as well as possibility of opening windows, and an advanced Building Management System (BMS)- to control and monitor all the engineering services. High standards of finishes including high windows made of Canadian cedar wood, walls finished in highs quality of bottocino marble create the comfort and elegance.

Apart from the above new leases, Tenants include also the Von der Heyden Group (187 sqm), and Knight Frank Nieruchomości (360 sqm). Knight Frank Nieruchomości has been involved in securing finance for the project and is the leading agent of this project.

Currently available office space comprises of 4.300 sqm and 44 parking places.

In Prima Court:

1. BPP Professional Education Sp. z o.o. – one of the biggest training business professionals company in Europe set up in London thirty years ago. It employs over 2000 people and has an annual turnover of over GBP 100 millions. It specializes in training courses for ACCA, CIMA and CIM;

2. HY Investment Polska Sp. z o.o. – a subsidiary of UK based HY Investment, Ltd. HY Investment is the vital local point for the margin trading services provided by the Henyep Financial Group. HY Investment and the Henyep Financial Group, have together over
55 representative offices all over the world and provide service to the main financial world centers;

3. Sanchez Computer Associate Polska Sp. z o.o. – An American company, a global leader in developing and marketing scalable and integrated software and services that provide banking, customer integration, brokerage and wealth management solutions;

4. DKV Euro Service Polska Sp. z o.o. – a subsidiary of a German company operating throughout Europe since 1934, a market leader in cashless fuel cards and other expert services for transport sector companies. It employs over 400 people and has an annual turnover of
2 billion EURO;

5. Grifols Polska Sp. z o.o. – a subsidiary of a Spanish pharmaceutical company, it provides consultancy services in running business and management;

6. First Public Relation Sp. z o.o. – FIRST Public Relations was set up in 1990 and is the oldest PR agency on the Polish market. It serves mostly large corporations and provides them with comprehensive, long-term communication strategies which include, among others, media relations, internal communication, and crisis communication. It is the only Polish PR agency with its own EU office and it belongs to two international PR networks: Eurocom Worldwide and International Public Relations Network.

Prima Court is a cosy A class office building (rentable office area of 4.173 sqm) with an underground car park and a private courtyard with a garden which is exclusively for tenant’s use. At Prima Court you can find there an exceptionally elegant lobby with an extensive reception area. Flexible space can be easily divided and the building is finished to a high standard to provide extraordinary comfort.

Prima Court is located in the heart of Warsaw at Nowogrodzka 68 Street.

Currently available office space comprises of 2.287 sqm and 47 parking places.

Poznań: A ground breaking ceremony at Andersia Tower!

On May 25th 2004, there was a ground breaking ceremony at Andersia Tower in Poznań. It is the first investment in Poznań after Poland’s accession to the European Union. Andersia Tower is a joint venture between the City of Poznań and the Von der Heyden Group which successfully completed and let Phase 1 of the development at Plac Andersa – the Poznań Financial Centre.

Phase II named Andersia Tower will be a mixed-use development comprising 44,000 sqm of office, hotel, and retail space. The lower floors will be used for a ****deluxe hotel with 171 rooms, retail outlets and a conference centre. The upper floors of the Andersia Tower will be designated as class A office space and the top floor will feature an exclusive restaurant with a terrace on the roof. A romantic dinner 90 metres above the ground complete with an observation deck and superior panoramic views of Poznan is bound to be a memorable experience. The building will offer a swimming pool, a fitness club, saunas and steam baths for those preferring more active forms of leisure. The total cost is estimated at approximately USD 53 million.

Phase III – the surrounding retail complex will comprise an additional 36,000 sqm of space that will connect both the Andersia Tower and the PFC. The entire development will be linked by a large two-storey underground car park. The developer’s intention is to create a new city centre teeming with life both during and after working hours. The total cost is estimated at approximately USD 29 million.

The entire development will be built using state-of-the-art technologies and will conform to the strict standards of intelligent facilities. In addition, when completed the Andersia Tower, being more than 100 m high, will be the highest building in the city.

Construction works started in May 2004 and completion of the Andersia Tower is scheduled for 2006/2007.

Our Partners in Andersia Tower project:

– Pracownia Architektoniczna Ewy i Stanisława Sipińskich Sp. z o.o. – architects
– PRC Architekci Sp. z o.o. – interior desiners
– Knight Frank Nieruchomości – property advisor
– Grupa Inwestycyjna Probuild Sp. z o.o. – project manager
– Warbud S.A. – general contractor for underground construction works

Download:
Andersia Tower – Akt Erekcyjny

Irish Embassy in Liberty Corner!

Von der Heyden Group, the developer of Liberty Corner, an A class office building in Warsaw recently voted ”Building of the year 2003” by the Polish Association of Civil Engineers and Construction Technicians, the Ministry of Infrastructure and the General Office of Building Control, is pleased to announce the signing of another lease agreement. The Embassy of Ireland has chosen Liberty Corner for it’s headquarters. The lease term is 10 years.

Von der Heyden Group would like to express gratitude to the Ambassador Mrs Thelma M. Doran, and Mr Conleth Brady, Third Secretary for their trust and productive involvement to reach an agreement in record time.

Sven von der Heyden said: “We are very proud to have gained another superb Tenant for our building, as it confirms the highest quality of space and security offered by Liberty Corner. I believe that this transaction will certainly give Liberty Corner the necessary push to fill the building up until summer 2005”. He added: ”it is an honor to house the Embassy of Ireland, in particular given our already existing strong links with the Irish business community in Poland”.

The Lease Agreement was signed on September 9, 2004 and occupancy is scheduled for December 15, 2004. The total leased office space is 672 sqm which represents one full floor.

Visit Liberty Corner on net: www.libertycorner.pl

Von der Heyden Group forms a new partnership to co-own property with GLL-Managed Fund!

Von der Heyden Group (VDHG) announced today that it has formed a new partnership to own and operate the 18 month-old Liberty Corner building in Warsaw’s historic CBD. Although terms were not disclosed, von der Heyden officials said that as part of the new partnership, Luxembourg-based Accession Fund SICAV will own a 50% interest in the project. The two partners will also co-own a plot of land attached to Liberty Corner, where Accession Fund will have an option to participate in the development of Liberty Corner’s phase II together with Von der Heyden Group.

Liberty Corner is a Von der Heyden Group development, an office building with a total gross area of 12.400 mkw, of which some 4.500 mkw were developed for are occupied/owned by the Polish Press Agency (PAP). It was erected with 8 storeys above ground and two underground parking storeys. The ground floor is for retail use, whereas the rest of the building contains office space.

Von der Heyden Group will continue as managing partner of the asset and remains in the partnership as a partner/owner of the approx. 7.500 gross sqm. office building including 2 storeys of underground car parking. Knight Frank will continue as the building’s property manager and leasing agent.

”We are delighted to have gained the trust of Accession Fund and that they especially valued the high-quality, design, construction and finishes of Liberty Corner”, said Sven von der Heyden, Chairman of Von der Heyden Group. He further added ”and we do hope that this transaction is just the start of a longer relationship”.

”This is a first class development in one of the major capital cities in the new, enlarged European Union. Our partnership with VDH Group makes it a perfect combination”, said Barry McGowan, Accession Fund CEO. ”We are extremely happy with the property’s quality and design as well as its excellent tenant roster. I could not be more pleased that we are making this investment”, added Accession Fund’s Chairman, Gerd Kremer.

Accession Fund SICAV is a Luxembourg-based investment vehicle created to invest in property across the so-called Accession Countries in Central Europe. The Fund is offered to international institutional investors and is targeting a total investment volume of Euro1 bn.. The Fund is advised by GLL Asset Management GmbH, a wholly-owned subsidiary of GLL Real Estate Partners GmbH, Munich, Germany.

GLL Real Estate Partners is a Munich and New York based real estate investment management firm, was formed in 2000. GLL sponsors and manages funds, separate account portfolios, in Europe and the U.S. for European institutional investors. GLL sponsored funds own prestigious assets such as Frankfurt’s Messeturm, Morgan Stanley Spain’s Headquarters in Madrid, Marriott International’s headquarters in Washington DC and RFF’s headquarters in Paris. GLL operates through a global real estate network, offering its European investor-clients access to the world’s most important real estate investment markets.

Von Der Heyden Group completed construction of Liberty Corner in Summer 2003. The property is currently 30% leased and houses prestigious tenants such as The Embassy of Ireland, Knight Frank, the Von der Heyden Group, Jaime Mascaró and IVEX, a Spanish government owned trade promotions agency. The owners are planning to reach fully-leased status within the next 12 months.

AIB Polonia Property Fund S.a.r.l. buys the Poznan Financial Centre!

Von der Heyden Group (VDHG) announced today that it has sold one of its 12 Polish purpose companies: Centrum Kongresowe Biurowiec Sp. z o.o. The Poznan based VDHG’s subsidiary owns the first real class A office building ever constructed in the City of Poznan – Poznan Financial Centre (PFC) with its total gross space of 32.000 sqm located in the very city centre. The building is 85 % leased and meets the top requirements of prominent Tenants such as Bank Zachodni WBK S.A., PricewaterhouseCoopers Sp. z o.o., Polkomtel S.A., Dresdner Bank Polska S.A., Arcelor.

The Von der Heyden Group was advised by their trusted agent Knight Frank Poland throughout the entire transaction, which lasted only some record time of 6 weeks from agreeing terms and closing,

Although financial terms were not disclosed, Sven von der Heyden, chairman of the Von der Heyden Group said: ”We are delighted that the Poznan Financial Centre has found an end-investor who was willing to acknowledge the building quality and tenant roster the building enjoys. Our team has worked hard for this day and I am proud of those who have helped to put this deal together”. He stressed further ”We have been holding this great Asset for nearly three years after completion and simply felt that the right moment came to dispose it. We wish the new owners the same luck and enjoyment we have had with PFC and our tenants”.

Adam Trybusz, the Managing Director of the Von der Heyden Group, said: ”The sale of PFC is a great step for our group, strengthens our financial standing and enables us to look for new opportunities in Poland and elsewhere in the region. I have been personally involved in the creation of the building from its infant stage and therefore the disposal is also for me personally a milestone experience.”

Von der Heyden Group & friends underwater in Indian Ocean!!!

To celebrate Sven von der Heyden’s 15th Anniversary in Poland, on May 15 Von der Heyden Group and Friends as well as employees of the closely related Poznan based company Probuild set out for an unforgettable week on the Maldives, one of the most beautiful places of the world.

Blue ocean, white beaches, coconut trees and wonderful underwater adventure let everyone slow down, relax and enjoy the great team spirit.

Those who had never dived before had a chance to complete a professional diving course to dive with sharks, turtles, tuna and snappers, as well as innumerable turquoise triggers and millions of other colorful fish. And we loved it! Some of us were lucky to see the biggest and least dangerous shark – the brown spotted whale shark and huge mantas. The more experienced divers made an exciting night dive at the Elladhoo House Reef an admired life under water in the light of the torches.

We spent a week on two boats – Baani Explorer and Carina, cruising among picturesque islands and looking for the most beautiful reefs. We stepped ashore to visit paradise islands and taste coconut milk, sunbathe on golden beaches and swim in unbelievably blue sea. On a small desert island we were invited for a wild island party and tasted specialties of local cuisine, as well as danced to the sounds of drums and Malaysian songs. We also lost a football game to a team of our local guides…. We were sinking in the sands…..

It was an adventure of a lifetime for most of us, and a challenge, but most of all it was a great occasion to get to know each other even better and the foretaste for the next expeditions……

IBB Hotels Menorca Basquet in ACB!!!

IBB Hotels Menorca Basquet is going to be the first team ever of the Baleares Islands to play in the second most prestigous first league of Basketball in the world (after the US NBA), the Spanish ACB!”.

In a breathtaking 4. leg in the semi-finals of the play offs IBB Hotels beat Caja de León and qualified for the final, which is played on Friday at 21:00 against Fuenlabrada of Madrid in Madrid.

Both teams are now automatically qualified for the ACB League and teams such as Unicaja, Tau, Real Madrid and Barcelona are now ahead of IBB Hotels in the forthcoming season.

The entry into the ACB will catapult not just IBB Hotels Menorca Basquet but also the island of Menorca into a different sphere in terms of public awareness. Everyone could feel a taste of the excitement when the heros of Menorca Basquet returned from León. They were celebrated by more than 5.000 enthusiastic Menorquins and residents on the Main Square of Mahón.

Both the local Island Government and the Government of the Balearic Islands have immediately signalled to support IBB Hotels Menorca Basquet with considerable sums of money in order to guarantee the license of playing in ACB and meet other requirements which are necessary to fulfil all conditions which are imperative to play in the first Basketball League of Spain. Also IBB Llanera, a company related to IBB Hotels, has tentatively committed for the season of 2005/2006 to be the main sponsor again, by quadrupling it’s annual sponsorship contribution to the Club.

The ascend of IBB Hotels to ACB can be considered to be one of the most spectacular sport achievement in the history of the Baleares, right after Real Mallorca’s entry into the Premier Football League in Spain in the year 2000 and rising star Tennis star Rafael Nadal of Mallorca.

The success of IBB Menorca Basquet is closely linked to the excellent work of the entire Management Board of the club, the devoted work of the president, José Luis Sintes and his team as well the players, who showed with their passionate way of playing that the Menorquin spectators have deserved to witness the ascend of the Club.

IBB Hotels is proud to be associated with such an achievement and excellent team, which probably has had the most enthusiastic fans and supporters throughout the whole season.

Selected press articles:
http://ariadna.elmundo.es

Baleares Government pays an entrance fee for IBB Hotels Menorca Besquet!

After the successful of IBB Hotels Menorca Basquest ascend from the second Spanish National  Basketball league LEB to the league of honour, the ACB , also the financial requirements of the Basketball Association have been met by the Government of the Balearic Islands.

One of the requirements to play in the highest national league, the best Basketball League in Europe and second best in the world after the NBA of the United States, is to pay up an entrance fee of Euro 4.500.000 to the National Spanish Basketball Association. This important sum has been paid by the Government of the Baleares in order to secure the place for IBB Hotels Menorca Basquet, a place it deserves as of the next season given the restless support of the local fans and the whole Menorquin society and the tremendous Basketball played.

It was the last day the club was able to come up with the funds, otherwise the place would have possibly been given to two clubs who have either descended or were the runner-up after IBB Hotels Menorca Basquet in the LEB League. In both instances, Bank guarantees had already been deposited with the National Association of Basketball by both teams to secure their place in ACB, in case IBB Hotels Menorca Basquet would have failed to make such payment on time.

At the same time will the Government of the Baleares, the local government of Menorca as well as the Town Hall of Mahón build a new Basketball Stadium with a capacity of not less than 5.000 spectators, another minimum requirement to play in the first league.

On a sad note, this very important contribution of the Government was only possible by reducing the support for the “Illes Baleares” professional cycling team (Indurain etc.) from Euro 7.000.000 to Euro 2.500.000 in 2006.

IBB Hotels want to congratulate the president of Menorca Basquet, Mr José Luis Sintes and his team of having achieved the impossible within only 14 days, since IBB Hotels Menorca Basquet won the last game of the play-offs against Leon and automatically qualified for the ACB League. IBB Hotels is grateful and pround to be strongly connected with Menorca Basquet and it’s the most successful year in the history of the club and Baleares Basketball as such, as never ever a team from the Balearic Island played in the premier league ACB.

IBB Hotels together with its partner Llanera will now enter into the negotiations and talks with the Club with respect to IBB Llanera’s involvement in 2005/2006 and is determined to support the club as in the past.

For more information please click on the following links of the press:

http://www.ultimahora.es/segunda.dba?-1+9+0
http://www.menorca.info/20050615/deportes/1deportes.html
http://www.menorca.info/20050615/deportes/2deportes.html
www.menorcabasquet.com
www.ibbhotels.com

Liberty Corner welcomes New Tenants!

Von der Heyden Group, a pan-European developer of Liberty Corner (joint venture with Accession Fund Holding Beta S.a.r.l. established by Generali Land Lease “GLL”) A+ class office building in Warsaw, is pleased to announce newly signed lease agreements:

1. Deutsche Bank PBC S.A. – a part of Deutsche Bank Group – one of the biggest financial groups in the world. The bank offers financial services of the highest European quality standards both for individual clients and for small and medium enterprises. It operates through 31 branches around Poland as well as via Internet and Call Center (214,5 sqm on the groundfloor);

2. Kolaja & Partners Sp.z o.o,  the consulting company, is a leader in restructuring by interim management and specializes in the coaching of senior managers. The company has been operating on the Polish market for eight years, however till present it was known under the name – CII Group. (790 sqm – the whole 7th floor);

3. Emerging Europe Investors Sp. z o.o., an asset management company which is focused on purchasing and managing distressed assets in Poland (including non-performing loan portfolios) and other illiquid assets. EEI invests together with one of the leading alternative asset managers in the world (126 sqm on the second floor)

Liberty Corner that has won the First Prize in the most prestigious Contest “Budowa Roku 2003” (“Building of the Year 2003) organized by the Polish Association of Civil Engineers & Construction Technicians, the Ministry of Infrastructure and the General Office of Building Control, and “The Best Office Address in Warsaw 2004″Award, is situated in the very centre of Warsaw, at the corner of Mysia and Bracka Street close to the historical Plac Trzech Krzyży. In the immediate vicinity one can find the Warsaw Stock Exchange, international embassies, ministries and other government buildings as well as a Sheraton Hotel.

Liberty Corner was finished in June 2003 and it’s the first office building in Poland designed without structural columns, ensuring extra natural light, and providing more flexibility for the space planning. The building is designed in two independent parts. One section has been sold and serves as the headquarters for the Polish Press Agency (2,500 sqm). The second building is designed as a stand-alone space that is ideally suited for the office seat of an international organization.

Liberty Corner offers a state-of-the-art telecommunications system, 4-pipe air conditioning system with a separate floor by floor regulation as well as possibility of opening windows, and an advanced Building Management System (BMS)- to control and monitor all the engineering services. High standards of finishes including high windows made of Canadian cedar wood, walls finished in highs quality of bottocino marble create the comfort and elegance.

Apart from the above mentioned new leases, Liberty Corner hosts also other prestigious Tenants like: the Embassy of Ireland, Instituto Valenciano de la Exportacion, IVEX S.A., Nicolas Neumann Interiors, Jaime Mascaró, Knight Frank, Von der Heyden Group.
Currently available office space comprises of 2.275 sqm and underground parking places.

“Being already active on the Polish market for more than a decade I am particularly proud and honoured to have Deutsche Bank, the leading German Financial Institution with worldwide recognition in one of our buildings. Deutsche Bank’s concentration on private clients in this prestigious location will further enhance Liberty Corner’s reputation” said Sven von der Heyden, Chairman of Von der Heyden Group.

On the deal with Kolaja & Partners he reiterated “Kolaja & Partners has been convinced from the very beginning to take the very attractive 7 th Floor with a unique interior mezzanine area. We are delighted about the professional and fair approach of Kolaja & Partners and wish them all success to grow their Polish Operations in Liberty Corner”.

Von der Heyden Group has a proven track record of successful commercial developments in Poland over 14 years and enjoys the trust of national and international banks and other financial institutions. The companies comprising the Von der Heyden Group together have completed an investment program in real estate since 1989 valued at well over 135 million Euro.

Hochtief wins the General Contractor’s contract for “Andersia Tower” – the highest building in Poznan!

The total value of the contract is app. Euro 31 million.

After a long lasting and heavily competed tender procedure, Hochtief has managed to reach the finish line just a hair ahead of another reputable European construction company – Strabag.

“As both companies have convinced us both in terms of price and quality, the decision for one of them was probably the most difficult one ever. We want to thank all Construction firms who have dedicated extensive time and efforts to submit a bid: in particular Strabag and Hochtief, who at all times have shown why both companies are leading construction firms in Europe. We wish Hochtief best luck for a timely completion of “Andersia Tower!” – said Sven von der Heyden, Chairman of Von der Heyden Group.

Adam Trybusz – Managing Director of Von der Heyden Group in Poland said: “This tender was very complex and time consuming given the complexity of the building, a more than 18 storey edifice combining Hotel and office functions with fully separate systems. We are happy to now build the second time with Hochtief in Poland after the successful completion of Liberty Corner, however really feel with Strabag, loosing such a tight race  is tough”

“Andersia Tower”
is a joint venture between Von der Heyden Group and the City of Poznan. It is the second phase of Anders Square development after Poznan Financial Centre that was successfully completed in 2001 and sold to AIB Fund in December 2004.

“Andersia Tower” will be a mixed-use development comprising 44,000 sqm of office, hotel, and retail space. The lower floors will be used for a ****deluxe hotel with 172 rooms, suites with an executive floor, retail outlets, restaurants, conference centre and a large banquet & ball room for up to 1.000 people. The hotel will be operated by a Spanish origin operator – IBB Hotels Polska Sp. z o.o.

The upper floors of the “Andersia Tower” will be designated for class “A” office space and the top floor will feature an exclusive restaurant with a terrace on the roof offering superior panoramic view of Poznan from 100 meters above ground. The building will have a swimming pool, a fitness club, saunas and steam baths.

The entire development will be built using state-of-the-art technologies and will conform to the most strict standards of “intelligent” facilities as well as set-up standards performed by Von der Heyden Group in its European projects.

Completion is scheduled for spring 2007.

Investment costs are estimated at approximately Euro 53 million.

Von der Heyden Group has a proven track record of successful commercial developments in Poland over 14 years and enjoys the trust of national and international banks and other financial institutions. The companies comprising the Von der Heyden Group together have completed an investment program in real estate since 1989 valued at well over 135 million Euro.

Ferretti, Pershing and Riva – in Menorca!

Von der Heyden Group is pleased to announce that Ferretti Group has from now on a new office to represent its main brands in Menorca (Balearic Islands). The official Inauguration was held on August 18th of TIMAN Yachting Menorca (TYM) in Mahon’s harbour with the presence of more than 170 friends and clients.

Timan Yachting Menorca has reached an exclusive sub-dealership agreement with Venturayachts, Ferretti Group’s importer for Spain, to sell its three most prestigious brands –Ferretti, Pershing and Riva– in Menorca.

As Sven von der Heyden –Chairman of the Von der Heyden Group and promoter of the initiative- pointed out “It was weird that Ferretti, Pershing and Riva were not represented on an island like Menorca so far”.

With the arrival of these three brands into the Menorcan market, the nautical offer on the island finds itself enhanced. Sea lovers will from now on have the opportunity to enjoy the perfect combination of exclusive Italian design and engineering with the highest German technology offered by all Ferretti boats.

On a brilliant Opening Evening, where most of Mahon’s society was represented, the guests were invited to visit a Pershing 43 docked for the occasion just in front of the new office on the Paseo Marítimo.“We hope to bring to the port some new models produced by our brands and give people the chance to admire them”, underlined Paul Slater, responsible for sales and clients relations.

Timan Yachting Menorca will offer additional services such us boat rental, second hand boats and technical services for their clients, whereas the latter is done in exclusive co-operation with Menmar Marine Services, Mahón.

For further information please contact:

Cristina Gomez-Cambronero
+34 971 356 900

or

Paul Slater
+34 609 747 372