Von der Heyden Group Finance plc - Market Update
On 29 September 2022, Von der Heyden Group Finance plc provided an update in relation to a number of projects and investments that the Group is pursuing. In this respect, Von der Heyden noted that above-ground construction works will soon commence on the site in Poznań (Poland) which will be developed into a 40,000 sqm/26-floor A-Class office tower having an investment value of over €105 million (known as ‘Andersia Silver’). Von der Heyden has a 53.45% shareholding interest in this project, as the Group already secured bank financing and 10% of office tenancy in pre-leases.
Meanwhile, Von der Heyden will be expanding its real estate investment portfolio in Malta and is currently in the process of acquiring the luxury hotel Cugó Gran Macina Grand Harbour which is located in Senglea. Furthermore, the Group secured a strategically located site in the south of Malta which will be developed into a multitenant A-Class warehousing and logistics park. Elsewhere, Von der Heyden will soon inaugurate its fourth restaurant in Malta which will focus on local produce and sustainability.