Luxembourg, 29 November 2024
Vivion portfolio update
Vivion Investments S.à r.l. (“Vivion” or the “Company”) hereby provides an update on its real estate portfolio.
Landmark Lease Regear in Germany
In what has already been a successful year for our asset management team, with over 80,000 sqm of new leases signed or renewed across Vivion’s German portfolio YTD, the team is pleased to announce the recent signing of a long-term lease extension for approximately 8,000 sqm for one of Vivion’s Berlin assets.
The lease was secured at an average rent of over € 20 per sqm per month, significantly higher than the previous rent, thereby unlocking the reversionary potential of the asset. The new lease is subject to annual indexation, and no substantial tenant contributions or capital expenditures are required from the landlord.
This new agreement reflects a significant uplift in rental value:over the full lease term, the regear secures a total of € 43mn of contractual income. The new agrement represents a pivotal milestone for the property, delivering substantial financial growth and future-proofing its position as a high-yielding asset.
These accomplishments reflect both the commitment of our asset management team and the strength of our portfolio.
Acquisition of the Iconic Femina building in Berlin
Furthermore, we are pleased to announce our latest acquisition, the iconic Femina building on Nürnberger Strasse in Berlin, a historic landmark with a distinguished legacy. This strategic investment positions us in one of Europe’s most dynamic and rapidly growing hotel markets.
The property is located in a prime area, adjacent to the renowned KaDeWe, in the Charlottenburg district of Berlin’s City West. This exceptional location offers guests direct access to a wealth of cultural attractions, luxury shopping, restaurants, and entertainment, while also providing convenient proximity to key business, cultural, and political centers in the city.
The Femina building will be transformed into a modern 5-star hotel under a prestigious international brand. The structural undersupply of luxury hotel accommodations in Berlin is driving up both average daily rates (ADR) and occupancy levels for this asset class, as the vast majority of new hotel supply in the city projected to fall within the midscale and upscale segments.
Vivion has acquired an 89.9% stake in this asset for a purchase price of € 65mn, plus associated costs. The acquisition was completed through Vivion’s subsidiary, Golden Capital Partners.
Vivion will publish a full trading update, covering Q3 2024, on Monday 9 December 2024
Contact for more Information
Daan Bras – Investor Relations
IR@vivion.eu
Disclaimers
This press release shall not constitute an offer to sell or a solicitation of an offer to purchase any securities in the United States, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any state or country. The Notes have been offered and sold only outside the United States to non-U.S. persons in accordance with Regulation S. No offering of Notes has been or will be made in the United States. The issued Notes are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area (“EEA”). For these purposes, a retail investor means a person who is one (or more) of: (i) a retail
client as defined in point (11) of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID II”), (ii) a customer within the meaning of Directive 2016/97/EU (as amended), where that customer would not qualify as a professional client as defined in point (10) of Article 4(1) of MiFID II, or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded). Consequently no key information document required by Regulation (EU) No 1286/2014 (as amended, the “PRIIPs Regulation”) for offering or selling the Notes or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the Notes or otherwise making them available to any retail investor in the EEA may be unlawful under the PRIIPS Regulation. In the United Kingdom, this communication is for distribution only to persons who (i) have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Financial
Promotion Order”), (ii) are persons falling within Article 49(2)(a) to (d) (“high net worth companies, unincorporated associations etc.”) of the Financial Promotion Order, or (iii) are persons to whom an invitation or inducement to engage in investment activity (within the meaning of section 21 of the FSMA) in connection with the issue or sale of any securities may otherwise lawfully be communicated or caused to be communicated (all such persons together being referred to as “relevant persons”). This communication is directed only at relevant persons and must not be acted on or relied on by
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