Construction works of Andersia Business Centre in Poznan started!

29.03.2010

March 29th, 2010

Underground construction works of Andersia Business Centre (ABC) have just commenced. After a heavily competed tender for a General Contractor of “0” stage, Von der Heyden Group is pleased to announce Porr (Polska) S.A. as the winner! Porr is one of the leaders of the European construction market. The underground works of Andersia Business Centre (ABC) are planned to be completed in October 2010.

Andersia Business Centre (ABC) is a joint venture between Von der Heyden Group and the City of Poznan located in the very centre of Poznan. It constitutes the third phase of Anders Square development.

The first phase of Anders Square development, Poznan Financial Centre (“Intelligent Building 2001 Award”), and the second phase, Andersia Tower (“Building of the Year 2007), were also developed by Von der Heyden Group. PFC was sold to AIB Polonia Property Fund S.a.r.l. in December 2004 and Andersia Tower was sold to DEKA Immobilien in January 2008.

Sven von der Heyden, Chairman of Von der Heyden Group, said: “The crisis on the financial market has put most of our projects on hold for the last 1 ½ years or so. We are convinced that the ABC office development will be another success of the Von der Heyden Group in Poznan and that our timing of commencing construction now is just perfect.”

For the realization of ABC development project, a special purpose company, Andersia Business Centre Sp. z o.o. will be established.

Adam Trybusz, Managing Director of Andersia Property Sp. z o.o. and Von der Heyden Group in Poznan said: “Last time we started a project in Poznan with such enthusiasm was with PFC over 10 years ago. Then, our enthusiasm expressed a beginning of a great adventure. Andersia Tower was a consequent continuation. ABC already today tells the story about taking up new challenges and loyal partnership.”

Andersia Business Centre (ABC) will be a high class, 5 storey above ground, office complex located in front of the PFC and Andersia Tower Building in the very centre of Poznan, in the neighbourhood of the Old Town, Stary Browar and Poznan International Fairs. ABC will comprise of app.14.500 sqm net usable area and two underground levels with 170 parking places. The investment value is estimated at app. Euro 33 million. Financing negotiations are underway and the first phase of the underground works are secured by own funds.

The ABC building has been designed by the Architectural Studio of Ewa and Stanislaw Sipinscy who had also designed the previous two phases. Probuild Sp. z o.o. acts as the Project Manager.Knight Frank is an exclusive agent and a financial advisor.

The developer is currently in the process of discussing with a series of interested tenants in order to enter into pre-leases. Once a reasonable amount of pre-leases are in place, another tender for the above ground construction works will be organized.

The ABC complex will complete the whole area composition. It will provide a representative frontage for Krolowa Jadwiga Street in Poznan. Additionally, between PFC and Andersia Tower, a modern illuminated pedestrian passage will be created leading to an internal patio between Andersia Tower and ABC. Together with a neighbouring Stary Browar it will add even more life to this office, hotel and retail centre in Poznan.

In the future, Von der Heyden Group plans also the fourth final phase of Anders Square development, Andersia Silver. After Andersia Tower it will be the highest building in Poznan, the company has in place all necessary permits to construct up to 116m.

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Press release – Contruction works of ABC in Poznan started-29-03-2010