Amir Dayan’s Vivion Group – 3 Billion Euros in Real Estate


Luxembourg based Vivion Holding is a real estate company whose portfolio features 3 billion euros worth of market value assets that include an office building in Germany and hotel properties in the United Kingdom. 

The hotel’s brands are largely Crowne Plaza, Hilton, and Holiday-Inn brands. Vivion, whose chairman of the advisory board is Israeli billionaire investor Amir Dayan (אמיר דיין), engages in a management strategy of real estate property acquisition across the Netherlands, Germany, and the UK.

Dayan’s company is also the controlling stakeholder of Golden Capital, the owner of many state office buildings around the Netherlands and Germany, with a worth exceeding 2 billion Euros. The other owners of Golden Capital include Ivanhoe Cambridge (a Canadian pension fund), as well as Harel Insurance, Phoenix Insurance, Bank Hapoalim, and PsagotInvestment house, all Israeli based investment institutions banks.

Entering the August 2019 capital market with €700 million and €300 million in October, across both the UK and German-owned properties, Vivion held €4 billion in bonds, with Goldman Sachs, Citibank, and JPMorgan Chase as the investment leaders for the bonds.

While many companies and industries took a serious financial hit during the pandemic that occupied most of 2020, Vivion Investments was able to make the best of a tough economy, securing new contracts for additional office rental properties in Germany. This includes an October 8, 2020 signing of two lease contracts of 15,300 sqm of office space which will house the offices of two governmental tenants.

One lease is with the State of Lower Saxony, signed for 15 years, with an allotted 13,500 sqm range, while the other includes an 1,800 sqm 7-year lease with Health Insurance Companies of Lower Saxony, a medical assessment service.

Proving they are well equipped to handle the difficult economic situation in a pandemic-plagued world, the Vivion Investments company of Amir Dayan (אמיר דיין) has remained resilient in terms of maintaining a tight capital structure.

The top-line performances have remained steady as all UK rents as of June 2020 were received, with only a nominal portion of German tenants requesting rent deferrals, which would be remedied by short term solutions. Additionally, in the UK, hotels have minimized their operational expenses (via employee furloughs) in order to access COVID-19 government funding, minimizing payroll costs.

For the foreseeable future, the group has sufficient liquidity position needed to cover all cash outflows, even if the current financial state of the pandemic world was to continue on for some time.

In the meantime, the Amir Dayan (אמיר דיין)conglomerate is continuing work expansion projects, sustaining its financial and investment portfolio.

Over the first 3 months of 2020, the company signed for 135,000 sqm of office leases in industrial space properties.

While this is 50% lower than the same period during 2019, the vacancy rate of the properties at a mere 1.3%. There is additional work being done around the Berlin airport, with as many as 80,000 sqm of office space expected to be constructed by 2024.