PWC signs lease on PFC

Von der Heyden Group is pleased to announce our next letting at PFC. An international consulting company, one of the “Big Four” – PricewaterhouseCoopers have leased 492 sqm office space on the first floor in PFC and have joined the group of our Tenants.

“I’m happy that PwC housed its regional headquarters in the PFC building. It’s always good to do business with a proved and reliable partner”, said Mr Peter Driscoll.

“I am particularly happy to have gained PwC as a tenant once again. I believe that one of the reasons PwC selected the Poznan Financial Centre is because of the trust we have developed with them over the years. PwC outgrew their headquarters space in our building at ul. Nowogrodzka 68 in Warsaw and we worked together to agree terms of an early surrender of their lease agreement. I would like to think that the service we provide as a landlord and our willingness to work with our tenants contributed to PwC’s decision to occupy space in our building in Poznan”, said Mr Sven von der Heyden.

Poznań Financial Centre, with its total space of 32 000 sqm, is located in the city centre and offers the highest quality office space. We have already met the top requirements of other prominent Tenants, including Bank Zachodni WBK SA Polkomtel SA, Dresdner Bank Polska SA, Arcelor FCS Commercial Poland Sp. z o.o., Provident Polska SA.

Olympic Gods Banquet at Liberty Corner building

We are pleased to announce that on the 24th of June 2003 a presentation of the Liberty Corner building for top commercial agencies and the press took place. The banquet was enjoyed by more than 100 guests, attending who were entertained by the famous Polish satirist Krzysztof Piasecki. In his speech he referred to the period where the original building standing in the very same location accommodated the censorship offices. The presentation was hosted by the owners of the building Mr. Sven von der Heyden and Adam Trybusz Executive Managing Director of Von der Heyden Group. Greek style decorations have graced reception hall of the building. Decoration was prepared with architectural details of the ancient times.

The Liberty Corner-office building, which was finished in June 2003 is located in heart of Warsaw, at the corner of Bracka and Mysia Street within close proximity of Trzech Krzyży. LC is the first office building in Poland designed without columns, ensuring extra natural light, and providing more flexibility for the space planning. Building offers a state-of-the-art telecommunications system, 4-pipe air conditioning system with possibility of regulation on each floor separately as well as possibility of opening windows, Building Management System (BMS) – to control and monitor all the engineering services. High standards of finishes including windows made of height cedar wood, walls finished in highs quality of marble create the comfort and elegance.

Tenants include the Von der Heyden Group (340 sqm), and Knight Frank Nieruchomości (360 sqm ), and in the nearest future Polish Press Agency (2,575 sqm ). Currently available office space comprises of 4,765 sqm and 50 parking places.

General Opening of Liberty Corner building

We are pleased to announce that on 26. of November the Grand Opening of Liberty Corner building took place.

The evening was hosted by the owner and developer of the building Mr. Sven von der Heyden and Adam Trybusz, Executive Managing Director of the Von der Heyden Group.

Mr. Piotr Bałtroczyk, a famous polish TV presenter was the host of the evening.
The banquet was enjoyed by more than 170 invited guests, amongst were investment partners, contractors, investment banks, representatives media, and ambassadors.

Liberty Corner, a modern A-class office building is located at the corner of Bracka and Mysia St. within close proximity of Trzech Krzyży Square.

The building was completed in June 2003.

LC is the first office building in Poland designed without columns, providing more flexibility for the space planning. The highest standards of finishes create a feeling of comfort and elegance.

Occupiers include the Von der Heyden Group, Knight Frank, and in the nearest future the Polish Press Agency.

Currently available office space comprises of 4,765 sqm and 50 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

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Andersia Tower – Akt Erekcyjny

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.”

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.

Von der Heyden Group sold its ‘Maraton Gardens’ Project in Poznań to Restaura!

Von der Heyden Development, the service consultancy arm of Von der Heyden Group is pleased to announce that Von der Heyden Group has sold one of its residential plots in Poznań to the experienced and renowned Spanish developer – Restaura, a company specializing in purchasing historical buildings for their renovation and later resale.

Maraton Gardens project is located in the heart of Poznań, at the intersection of Królowa Jadwigi Street and Maratońska street in the close neighbourhood of the Old Town. The site is 22.332 sqm.

Von der Heyden Group has sold not only the site itself but the completely prepared investment package with a building permit ready for realization. The architectural design has been prepared by PRC Architekci, a company that co-operated with VDHG’s other projects in Poland like e.g. Liberty Corner in Warsaw, or in terms of interior design with soon to be completed Andersia Tower in Poznań. The Maraton Gardens project foresees 251 apartments in 6 buildings (each max. 5-6 floors) with an underground car park.

Although financial terms were not disclosed, on signing of the sale purchase agreement, Mr Sven von der Heyden, Chairman of Von der Heyden Group said:

“We are happy that the Project has found a serious buyer for whom I personally have a lot of respect. We have decided to sell Maraton for a series of reasons such as the stateof the market and the fact that we have projects only in Poznan in the pipeline of more than Euro 140 mln. And last but not least something I have learnt from my days working as a Bond Dealer, nobody ever died taking profits”.

Mr Adam Trybusz, the Managing Director for Poznań, said:

‘I didn’t work at the stock exchange but I learnt a lot from Sven von der Heyden. Moreover, as a Poznan resident I’m glad we have a new professional developer at the local market. As it’s about my role in the Group, sale of the ‘Maraton Gardens’ project releases energy for next buildings at the Anders Square. Believe me, we are only half way now. We have ‘Andersia Front Office’ and an exciting ‘Andersia Silver’ in front of us.’

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Von der Heyden Group sold its ‘Maraton Gardens’ Project in Poznan to Restaura

Andersia Tower – a landmark transaction on real estate market!

Von der Heyden Development, the service consultancy arm of Von der Heyden Group (VDHG) has a great pleasure to announce that Von der Heyden Group entered into a landmark transaction on the Polish real estate market and sold its flagship mixed-use development in Poznan – Andersia Tower to an internationally recognized renowned fund DEKA Immobilien. DEKA Immobilien is responsible for worldwide purchases and sales of properties, managing assets, and providing all other property-related services. DEKA Immobilien belongs to DekaBank Gorup that manages fund assets of about 17 billion euros.

With the sale of the 19 story Andersia Tower as THE top class A building in Poznan, its prestigious tenants and the quality of the offices and the Hotel component managed by IBB Hotels, VDHG has certainly broken a record with respect to its low capitalization rate, which has never before been achieved in any city outside of Warsaw.

Although details on financial terms were not disclosed, on signing of the sale purchase agreement, Mr Sven von der Heyden, Chairman of Von der Heyden Group commented: “Irrespective of the current turbulences on the World financial markets DEKA has been brave and forward thinking to acquire this prime property from us in an all-cash transaction. The Von der Heyden Group remains closely related to the building given its involvement in IBB Hotels as the operator of the Hotel component. We are proud to have closed this sale to DEKA and we want to wish this great Investment Fund all the luck for the future. As always, our closest advisors of Knight Frank and Clifford Chance have greatly contributed to a smooth and professional closing”

Mr Adam Trybusz, Managing Director for Poznan, Von der Heyden Group, said: “Poland is developing and becoming increasingly attractive not just because of Warsaw’s booming property market. The country’s economic development is also evident in the economic growth of its regions. Secondary cities like Poznan, Wroclaw, Katowice, Krakow, Gdansk and Lodz all have plenty to offer in terms of Prime Property – international real estate which is highly sought after because of the cash flows it generates, the quality of tenants it attracts, and the urban planning of its district. I am glad that this moment has arrived. I am proud to be able to say that VDHG has played, and continues to play, a major role in the development of the City of Poznan. Those projects that VDHG has realised with the City of Poznan would make excellent case studies of how a public and private partnership can work well in practice. While this is admittedly difficult from a legislative perspective, it is not impossible provided there are clearly established goals. The watchword is transparency, from which comes mutual trust.”

In the transaction, Von der Heyden Group was advised by Knight Frank Sp. z o.o., a company that also together with Von der Heyden Development contributed to the 100% leasing up of Andersia Tower. Mr Piotr Górecki, representing Knight Frank said:The hotel and mixed use hotel-office development transactions are rarely seen on the Polish market due to the limited supply of good quality products. Therefore available investment opportunities are very attractive for international investors. The success of the commercial development depends, however mostly on three elements: its location, quality of the building and the market strength of the tenants. Andersia Tower has it all: Poznań, Pl. Andersa, the developer experienced in top quality commercial buildings and renown, reputable companies occupying its space. This elements place Andersia Tower among of the most unique investment products in Central Europe.”

Andersia Tower (development costs of Euro 64 mln, total development area 42.668 sqm) is a Joint Venture between Von der Heyden Group (VDHG) and the City of Poznań, located in the heart of Poznan, Poland. It perfectly blends into the environment with the 1st phase of the Anders Square development, Poznan Financial Centre (“Intelligent Building 2001″Award, developed by VDHG as well) but also with the neighboring Stary Browar Development. After PFC, Andersia Tower is again a perfect proof that private & public partnership can work well.

Andersia Tower is the tallest building in Poznań (102,1m) and the first mixed-use development with both hotel (4 star de-luxe, located on the first 9 floors of AT) and office functions (class A, upper levels). The turn-key developer’s product was fully leased up while still under construction.

The office part is 100% let and houses prestigious tenants such as: Franklin Templeton Investments Poland, Ernst & Young, IKB Leasing, Pannatoni Development. The hotel part makes the high-class 4-star hotel with 171 rooms, suits with an executive floor, presidential suite, retail outlets, restaurants, extensive conference centre and bankquet & ball rooms for up to 800 people, swimming pool, fitness club and a steam bath. The IBB Andersia Hotel is operated by IBB Hotels that has been successfully operating, e.g. Grand Hotel Lublinianka, Poland.

As the state-of-the-art technology was applied in building construction and some solutions were used in Poland for the very first time, there is no doubt that Andersia Tower can be rated as one of the very few really intelligent buildings. It conforms to the most strict standards of intelligent facilities as well as set-up standards performed by Von der Heyden Group in its European projects.

Andersia Tower was designed applying the top quality materials, natural materials have been used (marble, wood, combination of natural stone and Venetian plaster). The hotel part is comparable with the standard of a five star hotel both in terms of finishes, amenities and size of the rooms. It was vital for the investor to offer a unique hotel product and a particular focus was put on the interior design and high quality and comfortable hotel equipment.

Some innovative interior design solutions for the first time in Poznan and partly in Poland have been introduced, e.g. chaise lounge (unique window-sills arrangement – the window sill finished with an upholstered seat and a sliding table), or the bathroom glass panels.

The building complies with the sustainability idea in many ways, none of the materials used is by any means hazardous to health. Building Management System guarantees energy saving management of the building and quick intervention in case of malfunctions or emergency. The building has no boiler room, so there is no air pollution. In a swimming pool the technology of “low salinity of water” was introduced, and the technology based on electrolysis of salt. This materially improves the environmental aspect and both hotel and SPA guests are not bothered with chlorine substances and unpleasant smell.

Architect: Pracownia Architektoniczna Ewy i Stanisława Sipińskich Sp. z o.o.

General Contractor: HOCHTIEF Polska Sp. z o.o., “zero stage” performed by Warbud S.A.

Hotel Interior design: PRC Architekci Sp. z o.o.

Project Manager: Grupa Inwestycyjna Probuild Sp. z o.o.

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Andersia Tower sold – Press Release – Final – ENG

Construction works of Andersia Business Centre in Poznan started!

Underground construction works of Andersia Business Centre (ABC) have just commenced. After a heavily competed tender for a General Contractor of “0” stage, Von der Heyden Group is pleased to announce Porr (Polska) S.A. as the winner! Porr is one of the leaders of the European construction market. The underground works of Andersia Business Centre (ABC) are planned to be completed in October 2010.

Andersia Business Centre (ABC) is a joint venture between Von der Heyden Group and the City of Poznan located in the very centre of Poznan. It constitutes the third phase of Anders Square development.

The first phase of Anders Square development, Poznan Financial Centre (“Intelligent Building 2001 Award”), and the second phase, Andersia Tower (“Building of the Year 2007), were also developed by Von der Heyden Group. PFC was sold to AIB Polonia Property Fund S.a.r.l. in December 2004 and Andersia Tower was sold to DEKA Immobilien in January 2008.

Sven von der Heyden, Chairman of Von der Heyden Group, said: “The crisis on the financial market has put most of our projects on hold for the last 1 ½ years or so. We are convinced that the ABC office development will be another success of the Von der Heyden Group in Poznan and that our timing of commencing construction now is just perfect.”

For the realization of ABC development project, a special purpose company, Andersia Business Centre Sp. z o.o. will be established.

Adam Trybusz, Managing Director of Andersia Property Sp. z o.o. and Von der Heyden Group in Poznan said: “Last time we started a project in Poznan with such enthusiasm was with PFC over 10 years ago. Then, our enthusiasm expressed a beginning of a great adventure. Andersia Tower was a consequent continuation. ABC already today tells the story about taking up new challenges and loyal partnership.”

Andersia Business Centre (ABC) will be a high class, 5 storey above ground, office complex located in front of the PFC and Andersia Tower Building in the very centre of Poznan, in the neighbourhood of the Old Town, Stary Browar and Poznan International Fairs. ABC will comprise of app.14.500 sqm net usable area and two underground levels with 170 parking places. The investment value is estimated at app. Euro 33 million. Financing negotiations are underway and the first phase of the underground works are secured by own funds.

The ABC building has been designed by the Architectural Studio of Ewa and Stanislaw Sipinscy who had also designed the previous two phases. Probuild Sp. z o.o. acts as the Project Manager. Knight Frank is an exclusive agent and a financial advisor.

The developer is currently in the process of discussing with a series of interested tenants in order to enter into pre-leases. Once a reasonable amount of pre-leases are in place, another tender for the above ground construction works will be organized.

The ABC complex will complete the whole area composition. It will provide a representative frontage for Krolowa Jadwiga Street in Poznan. Additionally, between PFC and Andersia Tower, a modern illuminated pedestrian passage will be created leading to an internal patio between Andersia Tower and ABC. Together with a neighbouring Stary Browar it will add even more life to this office, hotel and retail centre in Poznan.

In the future, Von der Heyden Group plans also the fourth final phase of Anders Square development, Andersia Silver. After Andersia Tower it will be the highest building in Poznan, the company has in place all necessary permits to construct up to 116m.

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Press release – Construction works of ABC in Poznan started-29-03-2010