Von der Heyden Group Finance p.l.c. SUCCESSFUL PUBLIC OFFERING ON THE MALTA STOCK EXCHANGE

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

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

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

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

Von der Heyden Group Finance p.l.c. forms part of Von der Heyden Group (VDHG) which is a high quality niche player on the European Real Estate Market and has been successfully developing Class A Office buildings and Hotels in always top central and strategic locations in Germany, Poland and Spain. The Group is commonly known for its high-end finishes and quality, and at all times achieved record prices for its award winning projects, when sold.

With over 25 years sound experience and continuing presence on Europeanarkets, VDHG enjoys the trust of international financial institutions, funds and big market players, as well as embassies, governmental institutions and cities. Since 1989, a volume of investment of around Euro 350 million has been achieved in Poland, Germany and Spain. There are plans to invest further 175 million during the next 3 years, including equity and debt. New country of investment includes Malta.

VDHG Press Release-Trade of bonds-20-03-17

Symbolic laying of the foundation stone for the Bavaria Towers in Munich!

Festive event for a groundbreaking high-rise development: Symbolic laying of the foundation stone for the Bavaria Towers in Munich

  • Festivities attended by more than 200 guests and prominent representatives from politics
  • Futuristic “Martian” arrives with time capsule
  • Construction of the 4 highrise towers already in advanced stages
  • The 380 million Euro project is expected to be completed in the third quarter of 2018

Munich, June 22, 2017 – Tomorrow starts today! The festive laying of the foundation stone for the Bavaria Towers in the eastern part of the capital city of Bavaria marked the beginning of one of the most spectacular developments in the recent history of Munich. Three office towers and a hotel tower will redefine the skyline of Munich and make an impressive visual statement on the main access to the district of Bogenhausen. The festive event was attended by Munich‘s Deputy Mayor Josef Schmid as well as the Head of the Urban Planning and Construction Authority, Prof. Dr. Elisabeth Merk, the architects and others involved in the project alongside the 200 guests from both business and public administration. They accepted the invitation by developer Bayern Projekt and its investment partners Von der Heyden Group und Zurich Group Germany. The symbolic foundation stone was placed in the center of the development among the well progressed highrise towers, in order to ensure its visibility for future occupiers and visitors. The White Tower will be leased by the new premium hotel Hyperion and has already been completed up to the 14th floor. The highlight of the event was the „landing“ of a „Martian“, who handed over a time capsule holding plans, daily newspapers and coins to be immured into the foundation stone. Sven Renz, Managing Director of Bayern Projekt GmbH during the ceremony: „As strong as the State of Bavaria, as pioneering as our capital city Munich – the Bavaria Towers will make an important contribution to shaping the new face of Munich and the entire precinct around the eastern gateway to our beautiful city. This important contribution to contemporary urban planning was always a top priority on our agenda and it is the reason why we created 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 – in keeping with our motto ‚Tomorrow starts today‘.“

The laying of the foundation stone kickstarts one of Munich‘s most important development projects. The 380 million Euro development at the corner of Einsteinstraße and Prinzregentenstraße is the first highrise development project to have received planning permission in Munich for many years, and only because it does not impact on the city‘s visual axis. The urban significance of the site necessitated many years of development planning with the city administration as well as an architecture tender, which saw the project being awarded to the Nieto Sobejano Arquitectos team of architects. They designed four towers with a pentagonal building shape, which will raise the benchmark in the eastern city fringe to building heights of 46 to 84 metres.

White tower leased by Hyperion Hotel
Three office towers with a total floorspace of 62,000 sqm 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 and will become one of Munich‘s premier destinations for business travellers – the hotel scores with 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 central (neighbourhood) square will be located between the towers and bestow the entire precinct with a welcoming campus flair boasting inviting facilities and services. The profile of Munich‘s new architectural highlights is complemented by 960 car spaces in two underground car parks, office space starting at 250 sqm to accommodate single offices or open plan layouts as well as a pioneering sustainability concept. The towers will hold the prestigious LEED Gold or DGNB Gold sustainability certifications.

Construction works progressing well
The construction works at the high-profile project are on track. Sven Renz: „We will complete the building shells for all four towers before the end of the year. Completion of the entire project is currently planned for the third quarter of 2018.“ The biggest progress has so far been made at the White Tower, with 14 of its 15 floors already completed. 8 out of a total 20 floors have been completed in the 84 metre high Sky Tower, while the Blue Tower has 12 out of 18 completed and the Star Tower 6 out of its total 9. Installation of the facade has already commenced for the lower parts of the White Tower.

Successful marketing campaign
Promising negotiations with prospective tenants interested in the prestigious office spaces at the gateway to Bogenhausen are currently underway. The attractive White Tower with its long lease to tenant H-Hotels AG has already been acquired by Swiss Life Asset Managers in the context of a forward deal. Sven Renz: „There‘s an extraordinary level of interest from prospective tenants for all available spaces and types of floor plans – from single floors to inquiries from large corporations concerning expansive accommodation for their new headquarter offices. We are not ready to disclose any names just yet, but expect to present reputable and renowned tenants in the next few months.“

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.

Facts & Figures

Sky Tower
Height: 83,60 m
Number of floors: 20
Gross floorspace: 26.246 sqm
Roof terraces: 2. and 19. upper floors
Underground car park spaces: 380
Certification: DGNB-Gold
Owner: Zurich Insurance plc.

Star Tower
Height: 46,10 m
Number of floors: 9
Gross floorspace: 11.908 sqm
Roof terraces: 2. and 8. upper floors
Underground car park spaces: 140
Certification: DGNB-Gold
Owner: Zurich Insurance plc.

Blue Tower
Height: 72,30 m
Number of floors: 18
Gross floorspace: 24.347 sqm
Roof terraces: 2. upper floor
Underground car park spaces: 300
Certification: LEED-Gold
Owner: Bogenhausener Tor Immobilien GmbH

White Tower
Leased by Hyperion Hotel
Height: 53,60 m
Number of floors: 15
Gross floorspace: 15.150 sqm
Roof terraces: 2. and 8. upper floors
Underground car park spaces: 140
Certification: LEED-Gold
Owner: Swiss Life Asset Managers

Bavaria Towers Ground Breaking – Press Release EN – 22 06 2017

Von der Heyden Group welcomes on board Mr Luke Coppini!

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.

VDHG Press Release 7 07 2017

FIRST MAJOR LEASE: EGYM LEASES 6.000 SQM OF OFFICE SPACE IN THE BAVARIA TOWERS MUNICH

  • 10-year-lease agreement signed
  • High-tech company in the fitness and health business will occupy 4 floors in the Blue Tower
  • Developers currently in advanced talks to conclude further leases

A major lease has been signed for one of the most spectacular real estate projects in Munich. Bayern Projekt GmbH has concluded for the Bavaria Towers in the east of the regional capital, a long-term office lease agreement with eGym covering 6.000 sqm of office space.

The high-tech company in the fitness and health business will move its headquarters, after completion of the four-tower project end of 2018, to floors 1 to 4 of the Blue Tower belonging to investor Von der Heyden Group. The tenant has been advised by Igenus Immobilien and Bayern Projekt by Colliers International.

Sven Renz, Managing Director of the real estate developer Bayern Projekt says: ‘The Bavaria Towers are one of the most spectacular developments in recent years in Munich. With construction progressing we simultaneously see a strong demand for office space and it is with great pleasure that we can now announce the conclusion of this major lease with the innovative and successful eGym in line with our leasing strategy.’

Sven von der Heyden, Chairman of the Von der Heyden Group says: ‘We are delighted to welcome eGym to Bavaria Towers, after the successful complete lease-up of the White Tower to H-Hotels we are now starting to harvest the fruits after a 12-year long journey. My sincere thanks to all our consultants and in particular to Bayern Projekt.’

The conclusion of the lease comes on the back of other milestones surrounding the mega-project comprising a total of 62.000 sqm of office space in its three 46 to 84-meter office towers. For the 15.600 sqm hotel building White Tower the tenant H-Hotels recently announced that it will open Munich’s first Hyperion Hotel covering 15 floors. With the move of eGym, which through the digitalization of training facilities contributes to the optimal functioning of gyms for all user groups, the group of tenants is further expanding.

Currently Bayern Projekt is in advanced talks with various other large interested tenants. Markus Turrek, Executive Project Manager at Bayern Projekt: ‘We are convinced that in the next weeks to months further major leases can be announced.’

Bavaria Towers completed soon

The construction works on Munich’s new landmark project are progressing in line with expectations. The main construction of the buildings has been finalized and the finishes of the inner parts as well as the technical installations is in an advanced stage. Full completion of the project is expected for end of 2018. With the Bavaria Towers, one of the most important real estate developments of Munich in the last decade become a reality, that will redefine the eastern part of the city.

The 380 million Euro project at the crossroads of Einsteinstrasse and Prinzregentenstrasse is the first high-rise project in many years being developed in Munich. The initiator of the project is Bayern Projekt GmbH, which is realizing the project after more than 12 years of preparation time together with the investors Von der Heyden Group and Zurich Insurance Group Germany. The construction started two and a half years ago.

Press release – 24.04.2018

Cugo Gran Macina in Malta officially opens!

IBB Hotel Collection, a subsidiary of Von der Heyden Group, an international recognised developer and investor in bespoke Hotel developments, on May 3, 2018 celebrated the opening of the legendary Macina as Cugó Gran Macina Malta. This signals the arrival of a new home for visitors seeking a new-world charm in one of Malta’s historical and walled cities, Senglea, which forms part of the famous three-cities opposite the capital of Valletta

The opening ceremony was held on the property’s rooftop event venue, The Sheer Bastion, which unfolds breath-taking views along with a sweep of history dating back to the 16th century and hosted many dignitaries from Malta and abroad, among others Malta’s honourable Prime Minister – Dr Joseph Muscat.

Built in 1554 by the Knights of St. John, Macina has been one of the Grand Harbour’s most renowned landmarks, deriving its name ‘Macina’ (originally ‘macchina’) from the large sheer crane structure, used to hoist masts and other heavy cargo, which was eventually dismantled during the British period in 1864.

The Cugó Gran Macina Malta has 21 rooms and each them has its own unique design, moulded according to the design of the bastion. The furniture is mostly modern, but there are some quirky additions – such as a basin with spectacular views overlooking the Grand Harbour.

Cugó Gran Macina is also the first member of Design Hotels in Malta – a select group of boutique and design-luxury driven hotels around the world and forms part of SPG´s worldwide loyalty program.

More information about the openning of Cugo Gran Macina Malta, please see with the kind courtesy of:

Malta’s 2nd Seabin to be installed in Historical 3 Cities Marina by 7 Private Companies

The Von der Heyden Group, Cugó Gran Macina Grand Harbour, Hammett’s Collection, The Grand Harbour Marina, Palumbo, Bradbury Yacht Concierge Services and S&D Yachts announced the installation of Malta’s 2nd Seabin in a press conference held at The Sheer Bastion today, Thursday 25th October.

The 7 private companies have collaborated with Strand Marine and e-NGO Żibel, a community dedicated to keeping Malta clean, in procuring this award winning device capable of filtering 25.000 Litres of seawater per hour and 1.5Kgs of floating debris per day including harmful microplastics up to 2mm small.

Chris Hammett, director of Hammett’s Collection said: “The 3 city marinas not only provide unparalleled scenery to an iconic landmark in Malta, it is part of the island’s cultural heritage that is enjoyed by locals and visitors from all over the world. Investing in this incredible holistic solution is another step forward in ensuring environmental sustainability’’.

The 3 Cities Marina Seabin is the second Seabin to be installed after the one at the Yacht Marina in Pieta and maintained with the help of the local Senglea Regatta Club.  The idea was developed in Australia with the help of crowdfunding.  Sea Bins have already made a huge difference to harbours in places such as Gibraltar, Singapore, Ireland, Italy and the UK.

Recruitment Day at ITS Luqa, Malta

Today, the Von der Heyden Group, IBB Hotel Collection, managing company for Cugó Gran Macina Grand Harbour and IBB Hammett’s Operations Ltd joined over 20 of some of Malta’s most pioneering hospitality companies in this year’s Industry – Student Meet Up held at the new Institute of Tourism Studies (ITS) in Luqa. Amongst the different reputable organisations, Cugo Gran Macina Grand Harbour was the only boutique hotel in the industry hosting 21 suites, offering unique and exciting opportunities in the field of hospitality. The Von der Heyden Group, IBB Hotel Collection, Cugo Gran Macina Grand Harbour and IBB Hammett’s Operations Ltd look forward to proceeding further with some of Malta’s most promising talent in the industry.

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

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