Von der Heyden Group, an international investment firm on the European Real Estate market with a value of over 650 mln euro in aggregated invested assets has been granted an asset management license by the National Securities and Stock Market Commission (NSSMC) of Ukraine. The registered license establishes the Group, with a long track record of being a first mover in evolving free markets, as a pioneer to the investment potential that the Ukrainian real estate market offers. The license also marks the Von der Heyden Group as one of the very first foreign-owned real estate investment firms to obtain an asset management license in Ukraine over the last decade.
The license allows the Von der Heyden Group’s new asset management subsidiary to launch a real estate fund aimed at raising capital through the private placement of shares to professional investors with a minimum investment of 250k euro.
Robert Rottinghuis, Chief Executive Officer of the Von der Heyden Group: The economic growth over the past 5 years coupled with the unrivalled locations of Kyiv and Lviv for real estate investments and developments has shown an increasing demand for high quality commercial, industrial and residential facilities. In an unprecedented climate, our fund is designed to be one of the building blocks for institutional investors’ continued adoption of real estate assets in upcoming markets. It provides a unique opportunity to secure competitive target returns and stable cash flows for our Group as well as for our limited partners.
The Von der Heyden Group have established a best-in-class local team with extensive real estate management experience. The fund’s annual net Internal Rate of Return (leveraged, after taxes and fees) is targeted to be in the double digits over the seven-year life of the fund. The Von der Heyden Asset Management Company enables the Group to manage its own sponsored funds as well as that of other institutional investors thus providing exposure to a rapidly developing and upcoming real estate market.
The Von der Heyden Group Asset Management Company in Ukraine marks the Group’s further expansion as an international private investment, asset management and real estate development firm with representative offices in eight countries.
“The Von der Heyden Group has appointed Knight Frank as the lead agency to advise in the leasing of Andersia Silver, a new office tower…..”
Source: Warsaw Business Journal
The Von der Heyden Group has appointed Knight Frank as lead agent to advise in leasing of Andersia Silver, a new office tower under construction in Poznań.
Andersia Silver, a modern A class office building, will complete the development of Plac Andersa in Poznań, one of the most prestigious locations in the city center. The building’s total leasable area amounts to circa 40,000 sqm over 25 floors. Tenants will also have access to 244 parking spaces in a three-floor underground car park. Construction completion is scheduled for Q2 2023. Andersia Silver will be the tallest office building in Poznań at a height of 117.5m. The Investor plans to obtain LEED GOLD certification, attesting to ecological solutions applied both at the design and construction stages.
“We thank the Von der Heyden Group for placing their trust in Knight Frank. After its completion, Andersia Silver will be a prime office product located in the heart of the commercial center of Poznań. In addition to panoramic views and arguably the best office location in the city, Andersia Silver will offer flexible floor layouts which have turned-out to be essential, in the times of the pandemic,” said Janusz Garstka, Associate Director at Knight Frank’s Landlord Representation.
“We are glad to be working with Knight Frank. We highly value the competencies of their whole team as regards the leasing process and office market knowledge. The Von der Heyden Group always aims to develop high quality office buildings for the most demanding tenants. Andersia Silver will be no exception. We do understand the importance of prime location and a high quality office product for tenants whose aim is to attract and hire the most talented people to compete on the global market,” remarked Piotr Trybusz, Leasing Director at Andersia Silver.
TIMAN Investments Holdings Limited (the “Company”), the Von der Heyden Group’s holding company and the Von der Heyden Group Finance Plc guarantor, presented consolidated and audited annual accounts for the financial year ended 31st December 2020, reaching a revenue of EUR 23,505,636 despite the global COVID-19 pandemic. The Company holds for capital growth and income generation, investments in 37 subsidiaries and associated companies around Europe.
The Group recorded a strong cash position of EUR 27,905,646 as at 31st December 2020, an increase of EUR 21,587,445 for the previous year end. Given the arduous economic conditions caused by the continuing global pandemic, such a result is highly positive, considering the impact and ramifications of COVID-19 on the Groups’ hospitality subsidiary IBB Hotel Collection.
With a significant improvement in the gearing ratio of the Group declining to 48.95% from 65.78% in 2019 and the borrowings of the Group dropping by 9.7% to EUR 84,493,912, inclusive of EUR 40,231,766 finance lease liabilities, the Group managed to exceed the EUR 25 million closing cash position forecasted in the Financial Analysis Summary (FAS) in August 2020. This was achieved through a significant effort of cost control, property investment returns and cash management.
The Group also recorded a positive working capital position, inclusive of cash in hand, of EUR 17,812,553 from a negative position in 2019 of EUR 6,170,757 due to the positive cash flow generated in the year.
The year under review has in turn highlighted an EBITDA increase of 29% to EUR 4,367,701 from EUR 3,387,218 in 2019, an increase of EUR 980,483. The year 2020 also showed an improvement in profitability of the Group, despite the loss before tax of EUR 483,791 managing a reduction of EUR 1,465,678 from last year’s losses, also through a significant effort to avert the forecasted loss before tax of slightly over EUR 5 million as reported in the FAS. Moreover, the Group reports a very successful year in the real estate development segment generating EUR 12,255,267 (2019: EUR 178,090) in revenue resulting in net fair value gains of EUR 3,175,319 (2019: EUR 422,557) in relation to the value of investment properties.
The sale of the fully occupied A Class Blue Tower, forming part of the Bavaria Towers project in Munich, Germany, as well as one of the Group’s luxury boutique hotels Cugó Gran Menorca in Spain has generated excess liquidity during the financial year that both restricted and obligated the halt of the hospitality and tourism industry at large for over 12 months. The subsequent returns, efficient timing when selling properties and the Von der Heyden Group’s diversification in its real estate portfolio has ensured a strong and resilient position as an investment firm active in business in 8 markets across Europe. The Group’s results indicate the stability and favourable returns enjoyed from its complementary subsidiaries in the experiential luxury industry and real estate investment during the year to successfully weather the storm.
Luxury Rental Villa in Porto Cervo (Von der Heyden Real Estate)
The Group’s boutique real estate agency in Sardinia, Von der Heyden Real Estate, operating since last summer, has registered healthy inroads for luxury villa rentals in Costa Smeralda. This exclusive location, attracting niche and luxury vacationists coupled with the property team’s know-how, inspired the off-shoot of its most recent subsidiary, Von der Heyden Yachting, specialising in equally artful experiences and customised journeys around the Mediterranean, specifically the Balearics, Malta and Sardinia. Launched on Easter Sunday, this luxury yachting charter company hosts an exclusive fleet of Italian luxury Ferretti Yachts.
Argo NOI (Von der Heyden Yachting based in Malta, the Balearics and Sardinia)
During the third quarter of 2020, Von der Heyden Development announced the commencement of Andersia Silver, a modern A-class office building, that will complete the development of Anders Square in Poznań, one of the most prestigious locations in the city centre. Andersia Silver will have 40,000 square meters of usable office space spread over 25 floors. Upon completion, in 2023, it will be 117.5 meters high, making it the highest skyscraper in Poznań one of the larger cities in Poland a center of trade, sports, education, technology and tourism. The building will also include 244 parking spaces on 3 underground levels and will obtain an LEED certificate at the GOLD level, which will confirm the ecological solutions used at the design and construction stage.
Chairman of the Von der Heyden Group Sven von der Heyden said:
The unrelenting impact of the world pandemic on travel as a global economic sector has been felt by many over the past 12 months. It is a time that will go down in history for the challenging and emotional decisions that had to be made by the commanders at the helm of thousands of businesses. The Von der Heyden Group, hit like the majority, leveraged its invaluable experience in previous economic downturns and its vigour in successful real estate investments and developments to secure its force against this unprecedented wave.
Our sustainable growth strategy continues to be the driving force of our vision for the next decade, where we expect high returns on the Group’s real estate developments and investment opportunities. The Von der Heyden Group is present from the West in Portugal, the south in Malta and Italy to the East in Poland and Ukraine. Our mission is to continue to thrive in economies that see the significance in restoring, rehabilitating or creating spaces that add value to these communities.
The Group’s CEO Bob Rottinghuis adds: Last year’s successful licensing of our asset management business and the resulting current launch of our first fund dedicated to the Ukrainian and Polish commercial real estate markets will make 2021 another exciting year for the Group. Despite the expected remaining economic headwinds we strive for sustainable growth of our subsidiaries and investments across Europe. At the same time, with the relentless dedication of our great team of people across all our companies and geographies, we keep looking for opportunities to gradually expand our solid capital base.
“International investment firm Von der Heyden Group has announced its continued expansion after launching a regulated securitisation vehicle in Italy. Founded in 1989 in Germany, the Group has developed an aggregate investment program of over €650m in private equity real estate across different asset classes around Europe.”…
“Founded in 1989, the Group has developed an aggregate investment program of over €650m in private equity real estate across different asset classes around Europe”…
“Trwa budowa najwyższego biurowca Poznania. Poziom zero, obejmujący konstrukcję części podziemnej budynku, został zakończony z dwumiesięcznym wyprzedzeniem i trzy podziemne kondygnacje są już gotowe.”
Trwa budowa najwyższego biurowca Poznania. Poziom zero obejmujący konstrukcję części podziemnej budynku został zakończony z dwumiesięcznym wyprzedzeniem i trzy podziemne kondygnacje są już gotowe.
VON DER HEYDEN YACHTING WILL MARKET RIVA BRAND YACHTS ON AN EXCLUSIVE BASIS
Ferretti Group extends its presence in Europe and awards the exclusive dealership for the Riva brand in Malta to Von der Heyden Yachting.
The partnership with Von der Heyden Yachting will allow the Group to further consolidate its assistance network coverage in the region and provide an even more comprehensive service to owners in the central, western and eastern Mediterranean.
“With this agreement, Ferretti Group continues to expand its commercial activities and strengthen its selected distribution network. We are confident in our decision to entrust our storied and iconic brand to a world-renowned company in Von der Heyden Group which, with two decades of expertise providing tailor made services in the luxury yacht industry, has the know-how to communicate to local customers the ‘Made in Italy’ appeal, quality and excellence that have always been distinctive features of Ferretti Group worldwide,” commented Ferretti Group CCO Stefano de Vivo.
“Riva’s outstanding presence at the Cannes and Monaco yacht shows this year is testament to the iconic spirit of this brand and how it provides the perfect symphony between state-of-the-art technology, tradition and sheer beauty. We are more than honoured with the opportunity to represent Riva in Malta on an exclusive basis in combination with our experience in complementary yachting services and our other leisure subsidiaries in experiential hospitality,” said Sven von der Heyden, Founder and Chairman, Von der Heyden Group.
As official Riva dealer, Von der Heyden Yachting offers a combination of tailormade purchasing, selling, chartering, maintenance, management and assistance services for Riva motor yachts.
