AIB Polonia Property Fund S.a.r.l. buys the Poznan Financial Centre!

30.12.2004

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.”