Subsidiaries UBM


(Vienna, 12-10-2017) As the leading hotel developer in Europe, UBM has successfully closed another hotel transaction. The new Hyatt Regency Hotel in the City of Amsterdam was now sold to Joint-Venture partner Aedes Real Estate.


The construction of a new luxury hotel in the centre of Amsterdam began in 2014. The five-star hotel was designed by the Amsterdam architects Frits van Dongen and Patrick Koschuch. The 211-room hotel has 38 garaged parking spaces – unusual for the centre of Amsterdam. Parts of the earlier facade were retained to preserve the flair in the historic city centre. The historic features now lend an exceptional architectural touch to the hotel. The Amsterdam-based creative agency CONCRETE is responsible for interior design.


“We are proud to have developed with this challenging project a great house in the Luxury segment and of the successful closing of another hotel transaction”, says Martin Löcker, COO of UBM Development AG and responsible for hotels. He adds: “The Hyatt is our second hotel development in the Netherlands after the Crowne Plaza Amsterdam South, completed in 2011.”


Paul Geertman, founder and owner of Aedes Real Estate: “This was an important milestone in the history of our company and we’re delighted that Aedes has expanded and will continue it’s ownership of the Hyatt Regency, in line with our long term strategy. We are looking back on a succesful and constructive partnership with UBM and want to thank them for being a reliable partner in this project.”


Sustainable luxury in the heart of Amsterdam

With the Hyatt Regency, UBM is not only developing a high class five-star hotel, but also the city’s most sustainable hotel. In 2015 the hotel development received a BREEAM Excellent certificate in advance, which was awarded only once in the entire Netherlands. The project is setting new standards in Amsterdam with regard to state-of-the-art energy management systems, farsightedness and environmental compatibility.


Impact of the transaction on UBM
The signed transaction has an impact on net debt, total output and revenue in Q4 2017, as the project is handed over and the transaction closes in this quarter.

Time of taking effect


Effect on total output

approx. EUR 49 mn

Effect on revenue

none (equity method, asset deal)

Effect on net debt

approx. EUR 26 mn


UBM Development AG is the leading hotel developer in Europe. The strategy focuses on the three clearly defined asset classes Hotel, Office and Residential as well as on the three core markets Germany, Austria and Poland. With 144 years of experience UBM concentrates on its core competence, real estate development. Since August 2016 UBM´s shares are listed in the prime market of the Vienna Stock Exchange.

For inquiries, please contact:

UBM Development AG
Milena Ioveva


Head of Investor Relations & Corporate Communications
Tel.: +43 50 626 1763
Email: public.relations@remove-this.ubm.at

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