Von der Heyden Group Finance plc has announced the disposal of a hospitality asset in Poland, as part of efforts to strengthen liquidity and optimise its portfolio.

The asset, a four-star hotel located on Długi Targ in Gdańsk, comprised 89 guest rooms along with related hospitality and commercial facilities. It was held through Długi Targ Sp. z o.o., a subsidiary within the group.

The property, which had a carrying value of €15.7 million, has been acquired by Corum XL, a French real estate investment fund managed by Corum Asset Management.

Following transaction costs, taxes and the settlement of €8 million in third-party debt attached to the asset, the group expects to receive net proceeds of approximately €6.2 million.

The sale follows a preliminary agreement reached in January 2026, with the final transfer completed on 11 April.

According to the company, the proceeds will primarily be used to support payments to contractors involved in the AND2 real estate development project, alongside general corporate and liquidity requirements.

The disposal forms part of a broader strategy to rebalance the group’s asset base and focus resources on ongoing development projects.

As a result of the transaction, the hotel’s operating agreement — previously in place between group entities — has been terminated. The early termination has been treated as a related-party transaction under Capital Markets Rules, with compensation agreed between the relevant subsidiaries.

The announcement was issued following notification from Timan Investments Holdings plc, which acts as guarantor for the company’s listed debt instruments.

The group said the transaction should be considered in the context of its upcoming financial results for the year ended 31 December 2025, which are expected to be published later this month.

More broadly, the move reflects ongoing efforts by the group to manage its balance sheet, improve liquidity and prioritise key development assets.

The AND2 project, which is among the group’s main development initiatives, is expected to be a central focus of capital allocation going forward.