Skip to content

Media > Investor News Articles > Real Estate News Articles > Von Der Heyden Group Starts Construction Of ‘długi Targ’ Hotel Project In The Heart Of Gdańsk!

Von der Heyden Group starts construction of ‘Długi Targ’ Hotel project in the heart of Gdańsk!

‘Długi Targ’ Hotel Development Project is a unique property acquired by Von der Heyden Group in a complex tender from Millenium Bank some years back and is located in the most attractive part in the heart of Gdańsk, at the corner of historical Długi Targ Boulevard and Mieszczanska Street, almost opposite to the Neptun’s Statute and the Dwór Artusa Building.

With history of over 1000 years, Gdańsk is one of the oldest, one of the most dynamic, most popular tourist destinations in Poland. Together with Gdynia and Sopot, Gdańsk forms a conurbation of over 1.2 million inhabitants. Gdańsk, as the capital of the Pomerania Province is also an important academic and business centre in the country.

A complex tender for a General Contractor for construction works has been won by the locally based, renowned company, Allcon Sp. z o.o. sp. k. and the construction agreement was signed on April 21, 2016.

Allcon Budownictwo Sp. z o.o. sp. k. is a Pomeranian company specializing in general contracting in ‘design and build’ type contracts and ‘turn-key’ projects. During 25 years on the market, the company has completed dozens of projects for Polish and foreign investors. Allcon Budownictwo is a proud holder of a number of Certificates, issued among others by Det Norske Veritas (presently DNV GL Group), an independent international certification body. Certificates confirm compliance with the requirements of standards of quality management (ISO 9001: 2008) and environmental management (ISO 14001: 2004).

The chosen architect for the ‘Długi Targ’ Project is also a locally based company ‘Architectonica S.A.’ and the interior design is made by‘TOYA Design’ from Poznań. The Project Manger is ‘Probuild’ Sp. z o.o.

On signing the agreement, Sven von der Heyden, Von der Heyden Group’s Chairman said: ‘We have never given up to make this wonderful project a reality. Our timing at acquistion was not ideal right before the financial crisis broke out in 2007/2008. We have taken advantages of the suffered delays and optimized the design, increased the number of rooms and found a strong banking partner in Alior Bank. I am convinced that this Hotel will be financially very successful given its design and location combined with our usual touch for detail.’

Adam Trybusz, the President of the Management Board of Długi Targ Sp. z o.o., a special purpose vehicle to implement the project, and Co-investor of the project said: ‘The right to participate in such a unique project that is development of Dlugi Targ Boulevard wins with every obstacle on the timeline. This time, the time has not always favoured us. However, with such location it doesn’t matter that much. What matters most is the privilege to co-create the history of the city, the history of the beautiful city of Gdańsk.’

‘We are delighted that such a renowned and respected Investor has appreciated ALLCON Budownictwo’s experience in hotel construction. For our company, conducting construction works in the historical centre of Gdańsk, and with such a demanding and prestigious project, is a great motivation and a big chance for us to confirm the quality of our services.’ – said Mariusz Białek, the President of the Management Board of ALLCON Budownictwo Sp. z o.o., shareholder of ALLCON Budownictwo Sp. z o.o. sp.k.

The ‘Długi Targ’ development project (estimated development budget: Euro 11 million) is based on refurbishment and conversion of three historical semidetached city houses into a unique 90 room hotel with a total area of app. 4.500 m2.

The initial concept of Von der Heyden Group was to create a top 5* refined boutique hotel, however, due to changing market environment, the initial idea responded the local market needs and an efficient and trendy 3* Superior hotel will be created. The building will also have prime retail space on the ground floor. The characteristics of the external façade will be carefully preserved, however at the same time, the interiors will be modern and full of innovative solutions.

On July 1, 2016 there will take place the Cornerstone Laying Ceremony. The hotel will be opened in late summer 2017 and will be managed by IBB Hotel Collection (IBBHC). In Poland, IBBHC successully operates two renowned 4* hotels: IBB Grand Hotel Lublinianka in Lublin and IBB Andersia Hotel in Poznań, both enjoying the best results in terms of REVPAR and occupancy. IBBBHC operates as well two 4* hotels and three 3* hotels in Germany, as well as three hotels in Spain: one 5* hotel, one 4* hotel and one 3* hotel (more info about IBBHC: www.ibbhotels.com).

In the new hotel in Gdańsk, guests will have 90 rooms and comfortable apartments at their disposal located on five above-ground storeys. The hotel will offer business facilities such as free in-room internet and business corners with a computer/printer for a public use. The hotel will also be focused on touristic groups with a drive-in access for busses, being the only hotel in the area with such a convenience. The venue will also offer retail lease and exquisite boutiques.

The city of Gdańsk will offer unforgettable memories and numerous events like e.g. St. Dominic’s Fair that is held in Długi Targ Boulevard, it’s the oldest dated from the 13th century, the most famous, and one of the largest open air events in Europe that attracts about 6.5 mln guests to Gdańsk every summer.

‘Długi Targ’ Hotel Project will be the first development project of Von der Heyden Group in Gdańsk and the Group is actively observing the local market for further opportunities there.


VDHG Press Release 28-04-2016 ENG


To provide you with great user experience, we would like to store cookies on your device. Read Cookie Policy