Von der Heyden Group Finance’s plans to issue a €25m, 4.40-percent euro bond have been approved by the listing authority for the Malta Stock Exchange. The issue period runs until March 3. The bond’s redemption date is March 8, 2024. The issue will help support the company’s plans to invest €175m over the next three years. The group’s main goals for the next two years include the development of the Długi Targ hotel in Gdańsk as well as developing a €154m hotel and office scheme in Munich. The company is also planning the fourth and final phase of Plac Andersa in Poznań and is currently pursuing advanced negotiations regarding several real estate development and hotel projects in Malta and other locations. Von der Heyden Group Finance is a subsidiary of Timan Investments Holdings Ltd.
