Von der Heyden Group, a high-quality niche player in the European real estate market, has announced new appointments in line with its further expansion and the consolidation of its central operations in Malta.
Former Finance Minister Tonio Fenech joins the Management Board of TIMAN Investments Holdings. Mr Fenech played a key role in driving forward Malta’s economic development.
Meanwhile, Bob Rottinghuis, who has dedicated 10 years as a consultant to the Group before his role as Chief Operating Officer in 2016 and who was fundamental in configuring the success of the €25 million bond issue in Malta in 2017, assumes the role of Group Chief Executive Officer.
Both appointments came into effect on 1st January 2019.
Group Chief Executive Officer, Bob Rottinghuis
The new appointments will enable Group Chairman Sven von der Heyden and Managing Director Javier Errejón Sainz de la Maza to concentrate on further strengthening its four pillars of business, expanding them into new markets and seizing new opportunities.
Mr von der Heyden, said: “We look back on thirty extraordinary years with many landmark projects which have led us to where we are today, starting from zero back in 1989. Over the years, we have built a team of almost 400 people who contribute at all levels to the continuing success of our Group in our real estate investments and developments, our hotel group IBB Hotel Collection, as well as in our alternative investments.”
The Von der Heyden Group is undergoing the finalisation of Munich’s largest development project Bavaria Towers, having recently signed various 10 year lease contracts for the state of the art project with a total investment value of €180 million. In addition, VDHG has completed the hotel IBB Dlugi Targ in Gdansk, Poland - another hotel for the IBB Hotel Collection which has been highly successful since its launch.
In 2019, the Group plans to invest in Ukraine and the Maldives, although the due diligence phase is still ongoing.