VDHG's Andersia Tower in Poznan leased before completion (PL)

Von der Heyden Development, the service consultancy arm of Von der Heyden Group, has announced that the highest building in Poznan, Andersia Tower, is 96% leased.

Long-term lease agreements have been signed a few months before finishing construction works. Andersia Tower is after Poznan Financial Centre the second class 'A' office building developed in Poznan and will house reputable international companies. For some of them, Andersia Tower will be the first headquarters not only in Poznan but in the whole of Poland. This shows that in spite of a very dynamic development of other Polish cities like e.g. Wroclaw and Kraków, the city of Poznan has still been perceived as one of the most attractive investment places in Poland.

Andersia Tower's Tenants:

  • Ernst & Young, the world´s leading tax consultancy company, has leased 742 m²
  • Efect Financial Consulting (Efekt Doradztwo Finansowe), one of the most important players in overall financial market in Poland, has leased 250 m²
  • Grafton Recruitment,a world class provider of recruitment solutions, has leased 180 m²
  • IKB Leasing Polska, member of the IKB Deutsche Industriebank Group and one of the largest manufacturer-independent equipment and vehicle leasing companies in Poland, has leased 1.172 m²
  • 6.655 m² has been rented to an international, renowned yet undisclosed entity.

Mr Sven von der Heyden, Von der Heyden Group's Chairman, said: "I am truly amazed that we have repeated the enormous success of PFC (Poznan Financial Centre) in 2001 and are now, five months before completion even more occupied than we were with PFC at the same time. Together with the long term income from the Hotel component, managed by IBB Hotels, Andersia Tower is another masterpiece of perfect engineering, efficiency and foremost right market timing. I want to thank our 'evergreen' advisors of Knight Frank and our whole team who have contributed to make this next dream come true for us."

Mr Lukasz Ziólek, Ernst & Young Partner, said: "Our firm pays great attention to attractive and prestigious locations of our offices. Andersia Tower is a modern building that offers comfortable and friendly working environment for our staff and visitors and reflects the high quality of the services we provide to our clients."

Mr Adam Trybusz, Managing Director of Andersia Tower, commented: "The Public Private Partnership concept can be difficult, but when it all comes together – as with the Andersia Tower project realised with the City of Poznan - then the sheer satisfaction of the accomplishment outweighs all the earlier difficulties and obstacles. Why shouldn't we feel proud that a gaping hole in the city's urban fabric is filled with good architecture and in achieving our targeted profits we create a place where new firms can prosper and further stimulate the local economy with the prospect of employment for another 1500 to 1700 young, well qualified Poznan citizens."

About Andersia Tower
Andersia Tower is a joint venture between the Von der Heyden Group and the City of Poznan. It is the first investment started in Poznan after Poland's accession to the EU. It makes the 2nd phase of the Anders Square development and after Poznan Financial Centre successfully completed in 2001 and sold to AIB Fund in December 2004.

Andersia Tower will be a mixed-use development comprising 32,000 m² GLA of office, hotel and leisure space. The upper floors will be used for top class 'A' office space of approx. 10.500 m². The lower part of the project will be used for a ****deluxe hotel operated by IBB Hotels Polska, who already successfully manages the IBB Grand Hotel Lublinianka in Lublin as well as the newly acquired ****Hotel an der Krämerbrücke in Erfurt, Thuringia.

Completion of Andersia Tower is scheduled for summer 2007.

Investment costs are estimated at approx. €58 million.

Source: Von der Heyden Group

Related News