The year 2020 will go down the record as one of the worst times ever in human history. With the ravaging effects of the global pandemic, many businesses have been lost, with countless employees being laid off.
But, all is not lost as there are remarkable stories of human resilience, ingenuity, and innovation that made the difference, with Amir Dayan being one of the investors who scaled up their real estate business despite the effects of the Coronavirus pandemic.
The Israeli billionaire investor Amir Dayan (אמיר דיין) serves as the chairman of the advisory to Vivion Group. This real estate company deals in property acquisition and management across Germany, UK, and the Netherlands.
Amir Dayan’s Luxembourg-based company, Vivion Holding, has grown its portfolio tremendously, reaching 3 billion euros of valuable assets. The multibillion portfolio includes hotel properties in the UK and office buildings in Germany.
Some of the hotel brands owned by Vivion include Hilton, Crowne Plaza. The hotel’s brands are Crowne Plaza, Hilton, and many Holiday-Inn brands. The company is also one of the top stakeholders in Golden Capital, a real estate company with many state office buildings worth 2 million euros across Germany and the Netherlands.
Lianeo Real Estate GmbH, headquartered in Berlin, is also owned by Amir Dayan אמיר דיין. The property management corporation provides services related to the sustainable value and development of real estate, mainly in Germany. The firm manages Vivion’s € 2 billion German portfolio of 38 properties.
In 2020, when many real estate and other businesses suffered a serious economic loss due to the effects of the coronavirus pandemic, Vivion Investment made remarkable growth and made the best out of the tough economy.
The company secured new contracts and built more rental offices in Germany, including two lease contracts of a 15,300-sqm space intended to house at least two government tenants, signed on October 8, 2020.
One of the leases is a 15-year contract for a 13,500 sqm range signed with the State of Lower Saxony. While the other is a 7-year lease for 1,800 sqm signed with a medical assessment service, Health Insurance Companies of Lower Saxony.
With adequate preparedness for handling their business during these tough economic times when major economies are in a recession, the Vivion Investment group has maintained a stable capital structure that keeps the investment company afloat even during uncertain times.
Additionally, the company has robust plans and a stable liquidity position to cover all the cash outflows during these tight economic times, even if the pandemic will last longer than expected.
Currently, Vivion Investment is doing incredibly well, with top performance lines remaining steady. As of June 2020, all UK rent had been received with only a small section of German tenants pleading for rent referrals, which can be recovered within a short term. Additionally, the UK hotels have cut down their operation cost through employee furloughs to benefit from the government’s Covid-19 funding to minimize the payroll cost.
While the third wave of Coronavirus pandemic end is still uncertain, Dayan’s company is doing well with only a 1.3% vacancy rate reported in their rentals. The company is currently working on multiple projects, with one around Berlin airport in progress.
With a great forecast for the future, the company plans to build many offices covering an area of 80,000 sqm by 2024.
