International investment firm Von der Heyden Group on Friday announced its continued expansion after launching a regulated Securitisation Vehicle in Italy.
Founded in 1989 in Germany, the Group has developed an aggregate investment program of over €650m in private equity real estate across different asset classes around Europe.
Through this latest initiative the Group continues to expand its asset management activities.
The Von der Heyden Group’s SPV (130/99), regulated by the Bank of Italy, provides the ability to securitise credits acquired on the Italian Asset-Backed Securities market, through the issuance of notes.
The team responsible for the Group’s Italian expansion is led by former Finance Minister Tonio Fenech (Executive Director) and Andrea Massa Vannucci (Associate Private Equity). The Group has already secured its first credit block acquisition in Tuscany. The transaction involved one of the largest investment players in Italy.
Andrea Massa Vannucci, Associate Private Equity commented:
“The Italian market represents an important pillar of our growth plan. We also look at it as a new investment proposition to professional investors that can be shared with our partners through a regulated structure. We are now focusing to continue building our portfolio with additional strategic allocations.”
Antonio Fenech, Executive Director added: “Italy is developing a quite interesting and attractive credit resolution mechanism that brought into play a unique investment opportunity in acquiring credits backed by undervalued assets. As specialised real estate investors we have the ability to identifying such assets that can be acquired at values that offer interesting returns and diversification options to investors.”
For the Master Servicing the Group has partnered Zenith Service Spa, that has handled in excess of €27bn in volumes of transactions managed. The team has engaged other established players in Italy including NPLs RE Solutions srl and Heussen Studio Legale e Tributario srl for special servicing and legal counsel respectively.
The Von der Heyden Group was founded in Germany in 1989 by Sven von der Heyden as a high-quality niche player on the European Real Estate market. Over more than three decades, the Group has recorded investment programs, representations and developments in almost 20 cities around Europe and the United States. The Group is commonly known for its quality high-end finishes and for achieving record prices for its award-winning projects when sold.
Real Estate Developments and Investments
In December 2019, the Von der Heyden Group officiated the sale of the Blue Tower at Bavaria Towers, one of Munich’s largest development projects, to Real I.S, a leading asset manager on the German market, having completed long-term lease contracts for the state of the art project. The Group is currently undergoing the fourth and final development phase of Andersia Silver, Poznań’s highest A-Class building, after Poznań Financial Center, Andersia Tower and Andersia Business Center, completed in 2001, 2007 and 2012 respectively.
In Q4 2020, the Group’s Asset Management Company in Ukraine was granted an asset management license by the National Securities and Stock Market Commission (NSSMC). The license allows the subsidiary to launch a real estate fund specialising in real estate investments for institutional investors, family offices and UHNWI.