Vivion announces publication H1 2023 results
Luxembourg, 13 September 2023
Vivion announces publication of H1 2023 results
Vivion Investments s.á r.l. (‘Vivion’) hereby announces that it has published its financial results for the 6 month period ended 30 June 2023.
The financial statements together with a report on the results of operations and financial condition are available on Vivion’s website.
The results webcast took place at Wednesday 20 September 2023 at 12PM (CET).
A replay of the the webcast is available through the following link : Netroadshow
The replay is available for 1 week.
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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of Article 4(1) of MiFID II, or (iii) not a qualified investor as defined in Regulation (EU) 2017/1129 (as amended or superseded).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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion completes successful refinancing
Luxembourg, 5 September 2023
Vivion completes successful refinancing
Vivion Investments S.à r.l. (“Vivion” or the “Company”), a dynamic real estate investment company focused on delivering sustainable returns to investors from a quality portfolio of assets across the United Kingdom and Germany, is pleased to announce the successful refinancing of its €700 million 3.00% notes due 2024, its €640 million 3.50% notes due 2025, and its €200 million 2.25% convertible bonds due 2025, which provides the Company with significant runway to execute on the compelling real estate opportunities it is identifying in its key markets.
Ella (Raychman) Zuker, Chief Financial Officer of Vivion, commented, “We are pleased to report the results of this value-creating refinancing, which will provide Vivion with the financial flexibility required to capitalize on the attractive opportunity set we see before us. Despite challenging market conditions, we undertook this transaction with speed and certainty, positioning Vivion for success both in the near and longer term.
“That 91% of Vivion bondholders across the three series supported the extension of the significant majority of our debt by more than five years is testament to their confidence in our strategy, portfolio, team, and growth trajectory. With a solid capital structure in place, we look forward to sharing our financial results for the first half of the year next week and continuing to execute our strategic objectives for the benefit of our investors.”
Additional information regarding the refinancing may be found here (download).
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion announces publication FY 2022 results
Luxembourg, 28 April 2023
Vivion announces publication of FY 2022 results
Vivion Investments s.á r.l. (‘Vivion’) hereby announces that it has published its financial results for the year ending 31 December 2022 today.
The financial statements together with a report on the results of operations and financial condition are available on Vivion’s website.
The results webcast took place at Friday 5 May 2023 at 12PM (CET).
A replay of the call is available through the below link: https://www.netroadshow.com/events/login?show=a76fb43b&confId=50430
Participants who have already registered for the call will be navigated directly to the streaming replay player on the Presentation Viewer. All other participants will be required to register prior to accessing the replay. Replay Expiration Date: Friday, May 12, 2023
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion refinances UK secured debt and further strengthens balance sheet
Luxembourg, 19 January 2023
Vivion refinances UK secured debt and further strengthens balance sheet
Vivion Investments S.à r.l. (“Vivion” or the “Company”) today announced the successful refinancing of a secured debt facility associated with part of its UK portfolio. The Company’s outstanding facility of GBP 272 million (as of June 2022) has been fully prepaid using its own liquidity and a new five-year, GBP 200 million, senior secured facility provided by one of the largest commercial lenders in the UK.
Interest on the loan is fixed for the term at a 3.95% margin, with a bullet maturity due in October 2027. The loan improves Vivion’s debt maturity profile and further reduces Vivion’s Gross Debt.
Vivion is also announcing that in December 2022 it received EUR 161 million as part of the deferred payment of EUR 212 million resulting from its disposal of non-traded bonds at the beginning of 2022. The remaining EUR 50 million is due to be paid to the Company in the first quarter of 2023. The payment of EUR 161 million further bolsters Vivion’s already strong balance sheet, which comprised EUR 722 million in cash and EUR 3.1 billion in unencumbered assets, as of 30 June 2022. EUR 84.3 million remains on the Company’s authorized bond buyback.
Sascha Hettrich, Chief Executive Officer of Vivion, said: “Following a disciplined and thorough process, we are pleased to announce this refinancing, which is a testament to the strength of Vivion’s relationships with secured lenders, as well as the confidence those parties have in our portfolio. This refinancing – together with the funds from the bond disposal –strengthen Vivion’s already robust balance sheet, providing additional cash to serve as a liquidity cushion and enhance our solid financial position.”
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion releases detailed presentation rebutting inaccurate report by short-seller
Luxembourg, 22 December 2022
Vivion Releases Detailed Presentation Rebutting Inaccurate Report by Short-Seller
Vivion has established a strong portfolio of hospitality and office assets in top-tier metropolitan areas across two of Europe’s largest economies
Vivion’s portfolio delivers consistent cash flows with structural inflation protection, leaving it
well-positioned to continue capitalizing on investment opportunities
Vivion ended the first half of 2022 with €722m of balance sheet cash and €3.1b of unencumbered assets;
€84.3m remains on the Company’s authorized bond buyback
Vivion presentation shows short-seller report is fundamentally flawed: since inception, net cash injection by shareholders into the Company has served to bolster bondholders’ equity cushion
Vivion Investments S.à.r.l (“Vivion” or the “Company”), a leading European real estate platform focused on delivering sustainable returns for investors from a high-quality portfolio across Germany and the UK, today released a statement and detailed presentation rebutting an inaccurate report issued by a short-seller on December 14, 2022.
Vivion’s presentation can be found on the Company’s homepage, and its statement is below. Vivion encourages all stakeholders to review its materials so that they have a factually accurate and clearly informed understanding of the Company.
Sascha Hettrich, Chief Executive Officer of Vivion, said, “Over the last four years, Vivion has built a strong portfolio of hospitality and office assets in top-tier metropolitan areas across two of Europe’s largest economies. We deliver consistent cash flows with structural inflation protection and have generated nearly €593 million of EBITDA since inception, further bolstering bondholders’ significant equity cushion.”
Mr. Hettrich continued: “While Vivion appreciates the feedback of its stakeholders, upon further thorough review of the short-seller’s report, Vivion is today issuing a presentation that illustrates that the report is fundamentally flawed – containing a number of substantial factual inaccuracies and provably incorrect statements. The short-seller’s report demonstrates a cursory and incomplete understanding of the Company, its portfolio, and its business operations. We were disappointed that the short-seller did not engage directly with Vivion prior to the publication of its report. Had such constructive action been taken, we would have prioritized engagement with the short-seller to ensure it had the facts about our business.”
The facts about Vivion’s business – which are further detailed and supported by comprehensive analysis in its presentation – include:
Vivion’s History
- Vivion was founded in October 2018 by the contribution of 53 real estate assets. Vivion’s Founding Shareholders contributed 20 UK hotels at cost and 33 German commercial real estate assets at fair value (as determined by third-party appraisal) to form Vivion. In exchange for these contributions, the Founding Shareholders received shareholder loans – equity-like instruments commonly employed by European companies – and common shares (further detailed on page 8 of the presentation).
- Real estate asset contributions and cash ensured Vivion was well-capitalized at launch (€767m of equity injected in 2018). Vivion’s Founding Shareholders’ real estate equity contributions totaled €635m at Vivion’s inception. The Founding Shareholders subsequently contributed additional cash of €132m in Q4 2018 to fund acquisitions (further detailed on pages 7 and 11).
- Vivion’s shareholders have injected capital into the Company since formation. Following the Company’s establishment, Vivion’s shareholders have strengthened bondholders’ equity cushion via net cash injections of €21m into the Company since January 1, 2019 (gross cash injections of €360m offset by repayments of shareholder loans of €339m, further detailed on page 12). In addition, Vivion has generated Funds From Operation (FFO) of €227m since January 2020.
Portfolio Value
- Valuation for Vivion’s German and UK portfolios is conducted annually (at a minimum) by third-party valuation firms, as was detailed in the Company’s Offering Memorandum.
- Vivion reaffirms that – as disclosed – occupancy in its German portfolio is 90%. This figure is calculated in accordance with market standard and the Company’s disclosed methodology, and is reflective of the underlying strength of Vivion’s business (further detailed on page 14).
- Performance within Vivion’s UK portfolio is strong. Vivion’s triple-net, inflation-protected UK hotel portfolio is performing well; rent collections from 2020 through 2022 were 90%.
Transaction and Tenant Disclosures
- Rent24 is NOT a related party. While Vivion’s Founding Shareholders were once investors in Rent24, the Shareholders sold their stake on September 1, 2017. Today, Rent24 represents less than 2.5% of Vivion’s total portfolio rent (further detailed on page 20).
- Völklinger Straße 4 acquisition was NOT a related-party transaction. The asset was acquired in July 2018 from a third party in an arm’s length transaction brokered by BNP Paribas (further detailed on page 21).
- Kudamm acquisition was acquired from a third party for ~€540m in June 2019 by a Vivion-affiliate company to secure an acquisition. The asset was subsequently transferred at cost into Vivion in December 2019 following satisfaction of Vivion-specific governance requirements. The asset was sold to a third party in June 2021 (further detailed on page 22).
Vivion encourages any stakeholders with further questions to reach out to the Company directly.
Contact:
For Media:
Headland
Susanna Voyle: +44 (0)7980 894 557
Matt Denham: +44 (0)7551 825 496
E: Vivion@headlandconsultancy.com
For Investors:
Vivion Investments S.à r.l.
Daan Bras – Investor relations
T +31 65 20 90 026
E IR@vivion.eu
155, rue Cents, L-1319 Luxembourg
Grand Duchy of Luxembourg
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion responds to inaccurate short-seller report
Luxembourg, 14 December 2022
Vivion responds to inaccurate short-seller report
14 December 2022 — Vivion Investments S.à.r.l (“Vivion” or the “Company”), a leading European real estate platform focused on delivering sustainable returns for investors from a high quality portfolio, across Germany and the United Kingdom, today acknowledged an inaccurate 14 December, 2022 report targeting the Company.
The report, which was written by a short-seller, contains numerous factual inaccuracies, provably incorrect statements, and flawed conclusions demonstrating a cursory and incomplete understanding of the Company and its operations.
Vivion intends to respond to the report shortly.
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion establishes EMTN programme
Luxembourg, 11 November 2022
Vivion announces establishment of Euro Medium Term Note programme
Vivion Investments S.à r.l. (“Vivion“) announces today the establishment of a EUR1,000,000,000 Euro Medium Term Note Programme (the “EMTN Programme“).
The EMTN Programme allows Vivion to opportunistically access favourable bond market windows in a timely manner, optimise its long term cost of funding and provides flexibility to take advantage of potential acquisition opportunities. Vivion does not immediately offer new notes and is focused to maintain a prudent and conservative financial policy. Notes issued under the EMTN Programme will rank pari passu with the Vivion’s outstanding senior notes.
Aside the issuance of new unsecured debt, Vivion has several other elements to further support is financing strategy, including a cash position of EUR 722 million as of 30 June 2022, along with EUR 3.1 billion of unencumbered assets that it can use for refinancing of existing debt or fund new acquisitions.
The base listing particulars for the EMTN Programme is dated November 11, 2022 and has been approved by Euronext Dublin. Application will be made to Euronext Dublin for any notes issued under the EMTN Programme to be admitted to its official list and to trading on the Global Exchange Market, which is the exchange-regulated market of Euronext Dublin.
Important Notice
This release is for informational purposes only and shall not constitute a prospectus or an offer to sell or the solicitation of an offer to buy securities in the United States or any other jurisdiction.
Forward-Looking Statements
This release contains “forward-looking statements”, as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. The words “expect,” “will,” and similar words are intended to identify estimates and forward-looking statements. Forward-looking statements are not historical facts. Forward-looking statements involve risks and uncertainties. If such risks or uncertainties materialize or such assumptions prove incorrect, actual results could differ materially from those expressed or implied by such forward-looking statements or assumptions. Certain other factors that could cause actual results to differ materially from those discussed in any forward-looking statements include the risk factors described in the Base Listing Particulars. The forward-looking statements included in this release are made only as of the date hereof, and Vivion disclaims any obligation to update them or to announce publicly any revision to any of the forward-looking statements contained in this release, or to make corrections to reflect future events or developments.
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion announces publication H1 2022 results
Luxembourg, 13 September 2022
Vivion announces publication of H1 2022 results
Vivion Investments s.á r.l. (‘Vivion’) hereby announces that it has published its financial results for the period ending 30 June 2022 today. Vivion is proud to present strong performance amidst economic turbulence.
The financial statements together with a report on the results of operations and financial condition are available on Vivion’s website.
The results webcast held on Tuesday 20 September 2022 at 3PM (CET) is available for playback for 1 week, using the link below:
Accessing the online replay
A recording will be available September 13th through September 27th 2022
Click on the following link
https://www.netroadshow.com/nrs/home/#!/?show=952d2ec0
OR
Visit www.netroadshow.com and enter the deal entry code: e830a1cf (not case-sensitive)
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Vivion acquires income producing assets in central Berlin
Luxembourg, 9 September 2022
Vivion acquires income producing assets in central Berlin
Vivion Investments S.à r.l. (“Vivion” has entered into a transaction with Aggregate Holdings SA (“Aggregate”) to acquire two segments of the Quartier Heidestrasse (“QH”) project in central Berlin.
The acquisition of QH Core has been completed, while the closing of QH Spring is subject to certain CP’s. Following the completion of the transaction, Aggregate has settled all outstanding positions with Vivion.
The total GAV for the two assets combined is approx. EUR 456mn. The assets are located only ten minutes walking distance from Berlin’s famous government district. The purchase price of ca. EUR 220mn will be settled with the position of 5.5% 2024 Aggregate Bonds that Vivion holds.
“This acquisition is in line with our company’s strategy of acquiring high quality, income producing assets in prime locations in Germany top tier cities” Vivion’s CEO Sascha Hettrich said. “We are very pleased with the addition of these assets to our portfolio that increases our footprint in Berlin. In addition, we continue to see strong performance across all of our portfolio and stability throughout, despite turbulent times”.
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.
Ken Costa joins Vivion's Advisory Board
Luxembourg, 17 August 2022
Ken Costa joins Vivion's Advisory Board
Luxembourg, Wednesday 17 August 2022 – Vivion Investments S.à r.l. (“Vivion”) appoints Mr. Kenneth Johann Costa as a member of the Advisory Board.
Mr. Costa has been in investment banking for 40 years, serving as chairman of Europe, the Middle East and Africa for UBS Investment Bank and vice chairman of the group’s investment banking business globally. Previously, he was chairman of Lazard International, during which time he worked in mergers and acquisitions, advising global corporations on their international strategies. Currently, Mr. Costa is co chairman of Alvarium Investments, a global wealth management company.
“Mr. Costa brings a wealth of experience and relevant expertise to help us deliver on the execution of our strategic plans. I am really looking forward to working with Mr. Costa”, said Sascha Hettrich, Chief Executive Officer of Vivion.
The Advisory Board comprises 3 members: Mr. Amir Dayan, Ms. Beatrice Ruskol and Mr. Costa. Vivion’s Advisory Board is established to give guidance to the Board of Managers when making strategic decisions for the Group. The Advisory board has an advisory role only and has no statutory powers.
Contact for more Information
Daan Bras – Investor Relations
T +31 652 0900 26
daan.bras@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
persons who are not relevant persons. Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. This press release may include projections and other “forward-looking” statements within the meaning of applicable securities laws. Any such projections or statements reflect the current views of the company about further events and financial performance. No assurances can be given that such events or performance will occur as projected and actual results may differ materially from these projections.