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.

Andersia Tower – the highest building in Poznan debt financing closed!

Von der Heyden Group, a pan-European investor and developer is pleased to announce to have entered  into a credit agreement with two renowned Polish banks: Pekao S.A. and Kredyt Bank S.A. to finance its flagship mixed-use development in Poznan –” Andersia Tower”.

The total amount of the credit agreement reaches Euro 40 million and will be repaid in 16 years.

As Sven von der Heyden, Chairman of Von der Heyden Group said: “These days developing a hotel in Poland is not an easy task but we are glad that our banking Partners, with whom we have been co-operating partly for many years,  again gave us the trust that an ambitious development such as “Andersia Towers” requires. The Hotel component will be managed by IBB Hotels who already successfully manages another 4 star hotel in Poland, which has also given credibility to the investment. The office component will certainly meet the highest expectations of our future Tenants as all buildings developed by our Group do.”

Adam Trybusz, Managing Director of Von der Heyden Group in Poland said: “Persistence and patience is always rewarded. I have strongly believed in this big project the same I believe in Poland and Poznan, the place where my children have been brought up, Poland – the country of great opportunities.”

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

Above-ground construction works of “Andersia Tower” started in September 2005 after a heavily competed tender finally won by a reputable European construction company, Hochtief Polska Sp. z o.o.

“Andersia Tower” will be a mixed-use development comprising 35,000 sqm of office, hotel, and retail space. The lower floors will be used for a ****deluxe hotel with 171 rooms, suites with an executive floor, retail outlets, restaurants, conference centre and a large banquet & ball room for up to 800 people. The hotel will be operated by the Hotel Operator of Spanish origin  – 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 during 15 years and enjoys the trust of national and international banks and other financial institutions. Since 1989 the companies comprising the Von der Heyden Group have completed an investment program in real estate valued at well over Euro 145 million. In 2005/2006 there are investments under development and/or acquisition in the amount of approximately 75 million EURO in Poznan, Warsaw, Leipzig and Berlin.

Andersia Tower – Home for renowned international investors coming to Poznań!

Von der Heyden Development, the service consultancy arm of Von der Heyden Group, is pleased to announce that the highest building in Poznan, Andersia Tower, is 96% leased!

Long-term lease agreements have been signed a few months before finishing construction works. Andersia Tower is after Poznan Financial Centre the second class ‘A’ office building developed in Poznan and will house reputable international companies. For some of them, Andersia Tower will be the first headquarters not only in Poznan but in the whole of Poland. This shows that in spite of a very dynamic development of other Polish cities like e.g. Wrocław and Kraków, the city of Poznan has still been perceived as one of the most attractive investment places in Poland.

We are honoured to welcome Andersia Tower‘s Tenants:

1. Ernst & Young (742 sqm) The world’s leading tax consultancy company, a world leader in tax advisory and auditing. The company provides professional services in audit, business, accounting, translation, grants and incentives, real estate and training. E&Y Poland employs over 1100 employees in 5 local offices. Ernst & Young audits nearly 20% of the companies listed in the ‘Business Week’s’ 1000 largest international companies.

2. Efect Financial Consulting (Efekt Doradztwo Finansowe) (250 sqm) the company has become one of the most important players in overall financial market in Poland. Efect’s financial advisers offer its customers the best individual financial solutions which include insurance, credits and investments. In Poland there are 500 employees working for Efect.

3. Grafton Recruitment (180 sqm) a world class provider of recruitment solutions. Grafton has experienced an impressive growth pattern in the last five years. The network has built to a total of 70 branch operations spanning 19 different countries including the United Kingdom, Republic of Ireland, Chile, Czech Republic, Slovakia, Hungary, Poland, Lithuania, Russia, Romania, Portugal, France, Belgium, Turkey and the UAE.

4. IKB Leasing Polska (1.172 sqm) member of the IKB Deutsche Industriebank Group, is one of the largest manufacturer-independent equipment and vehicle leasing companies in Poland. The company is a subsidiary of IKB Leasing GmbH in Hamburg, one of Germany’s leading mobile asset leasing companies with international operations. IKB Leasing Polska Sp. z o.o. specializes in equipment and production line leasing. The activities of the company focuses on the following branches of industry: metalworking and processing, plastic processing, printing, logistics, food, beverage and tobacco, wood processing.

5. 6.655 sqm – rented to an international, renowned yet undisclosed entity.

On this occasion, Mr Sven von der Heyden, Von der Heyden Group’s Chairman said: ‘I am truly amazed that we have repeated the enormous success of PFC (Poznan Financial Centre) in 2001 and are now, 5 months before completion even more occupied than we were with PFC at the same time. Together with the long term income from the Hotel component, managed by IBB Hotels, Andersia Tower is another masterpiece of perfect engineering, efficiency and foremost right market timing. I want to thank our “evergreen” advisors of Knight Frank and our whole team who have contributed to make this next dream come true for us.’

Mr Łukasz Ziółek, Ernst & Young Partner said: ‘Our firm pays great attention to attractive and prestigious locations of our offices. Andersia Tower is a modern building that offers comfortable and friendly working environment for our staff and visitors and reflects the high quality of the services we provide to our clients.’

Mr Adam Trybusz, Managing Director of Andersia Tower: ‘The Public Private Partnership concept can be difficult, sometimes even bitter, but when it all comes together – as with the Andersia Tower project realised with the City of Poznan then the sheer satisfaction of the accomplishment outweighs all the earlier difficulties and obstacles. Why shouldn’t we feel proud that a gaping hole in the city’s urban fabric is filled with good architecture and in achieving our targeted profits we create a place where new firms can prosper and further stimulate the local economy with the prospect of employment for another 1500 to 1700 young, well qualified Poznan citizens. “Poznan. Life at its best” – Now I can agree with that. A harmonious development compatible with its urban fabric does not end with simple investment returns. It needs to be judged against the reduction in unemployment, seen alongside the City’s growth and employment strategy, in raising the quality of work opportunities which in turn generate an increase in tax revenues that further regenerates the local economy let alone the additional property taxes. These human aspects have a greater significance and a longer lasting effect. This is how great cities are built.’

Andersia Tower is a joint venture between the Von der Heyden Group and the City of Poznan. It is the first investment started in Poznan after Poland’s accession to the EU. It makes the 2nd phase of the Anders Square development and after Poznan Financial Centre successfully completed in 2001 and sold to AIB Fund in December 2004.

Andersia Tower will be a mixed-use development comprising 32,000 sqm gross of office, hotel and leisure space. The upper floors will be used for top class ‘A’ office space of app. 10.500 sqm. The lower part of the project will be used for a **** deluxe hotel operated by IBB Hotels Polska, who already successfully manages the IBB Grand Hotel Lublinianka in Lublin as well as the newly acquired **** Hotel an der Krämerbrücke in Erfurt, Thuringia.

Completion of Andersia Tower is scheduled for summer 2007.

Investment costs are estimated at app. Euro 58 million.

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ANDERSIA TOWER – home for renowned international investors

Grand Opening Ceremony of the ‘Andersia Tower’ building and IBB Andersia Hotel !!!

We are pleased to announce that the official Grand Opening Ceremony of the ‘Andersia Tower’ building and IBB Andersia Hotel took place on December 6, 2007.

Von der Heyden Group’s representatives: Mr. Sven von der Heyden – VDHG Chairman and Mr. Adam Trybusz – VDHG Managing Director for Poznan, together with the Poznan City Authorities: Mr. Ryszar Grobelny – the Mayor of the City of Poznań, and President of IBB Hotels – Mr. Damian Ilull officially opened the ‘Andersia Tower’ Building and IBB Andersia Hotel in the very heart of Poznan.

After officially speeches, Father Jan Góra consecrated the whole building.

What followed was the whole night party with the main motive of James Bond movies and not only …

The whole ceremony was hosted by famous Polish TV presenters: Agata Konarska and Tomasz Kammel. A Polish star, Tatiana Okupnik, gave an electrifying concert. The banquet was enjoyed by more than 500 invited guests, amongst them: investment partners, contractors, banks, media representatives and celebrities.

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

Andersia Tower announced as the ‘Best Hotel Development Project 2008’!

We have a pleasure to inform that during CEPIF Fairs Von der Heyden Group’s project – ‘Andersia Tower was awarded ‘CEE Best Project Awards 2008’ in a category ‘Best Hotel Project 2008’.

The competition ‘CEE Best Project Awards’ is organized by CEPIF & International Herald Tribune and is dedicated to developers active in the entire Central and Eastern Europe region. The Best Projects are chosen in seven different categories: office, retail, warehouse, hotel, residential, revitalisation and mixed-use project. Von der Heyden Group was nominated and then short-listed for the ‘AndersiaTower development in two categories: hotel and mixed-use project.

The voting process for ‘CEE Best Project Awards 2008’ took part is two stages: on-line voting – during which short list was chosen and the final voting during the CEPIF Fairs. The winners in each category were announced at the CEPIF Gala Party on May 14, 2008.

 

Andersia Tower – the winner of “Construction Oscar 2007”!

Von der Heyden Development, the service consultancy arm of Von der Heyden Group (VDHG) is pleased to announce that Von der Heyden Group has received for its Andersia Tower mixed-use development project the First Prize in the most prestigious construction Contest in Poland “Budowa Roku 2007” (“Building of the Year 2007) organized by the Polish Association of Civil Engineers and Construction Technicians (PZITB), the Ministry of Infrastructure and the General Office of Building Control (GUNB).

The independent and highly qualified Jury examined all buildings for the whole year to prepare a short list and finally choose the winners of the “Construction Oscars” out of the whole Poland. Among nine categories including: office, public use, residential, industrial, warehouse, revitalization, retail, railway and road constructions, and a final list of 49 buildings, Andersia Tower took the First Prize in the “Public Use Buildings” Category. The Awards’ Ceremony took place on June 2, 2008 at the headquarters of the Polish Federation of Engineering Associations (NOT) in Warsaw.

Except from the above, Von der Heyden Group’s Andersia Tower has recently received another prestigious Award in the whole Central and Eastern Europe region: “The Best Hotel Project 2008” in acompetition organized by the CEPIF (Central Eastern European Property and Investment Fair) and International Herald Tribune. The best development projects were chosen in 7 different categories: office, retail, warehouse, hotel, residential, revitalization and mixed-use. The voting process took part in 2 stages: on-line voting by real estate market participants who decided on the short list and finally during the CEPIF Fairs. The winners in each category were announced at the CEPIF Gala Party on May 14, 2008 in Warsaw.

Winning “Budowa Roku 2007” award for our project Andersia Tower in Poznan is certainly another highlight in our long history and presence in Poland. We are very proud of this distinction as it’s based on the probably most unbiased jury and selection process in the entire country. I am sure that this will support also the long term commercial success of both the Office component which is fully let as well as the Hotel which is successfully run by Ibb Hotels” – said Mr Sven von der Heyden, Chairman of Von der Heyden Group.

Mr Adam Trybusz, Managing Director for Poznan of Von der Heyden Group said: “It’s a special award and we appreciate it very much! The jury was utmost scrupulous and diligent and the moment of granting the award by the Head of the General Office and Building Control must make an impression on everybody. Another exam for us and by no means less important is to be confirmed by the real estate market participants and that is CEPIF Award: “The Best Hotel Project 2008″. What’s more to add having been verified by professionals and the market?”

Andersia Tower (sold in 2008 to DEKA Immobilien for more than Euro 80 mln. with a total development area 42.668 sqm) was 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 practically fully leased up while still under construction.

The office part is today 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.

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. The swimming pool technology is 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.

Andersia Tower – the winner of Construction Oscar 2007