DOCSLIB.ORG

Half-Year 2021. Investor Presentation 25 August 2021 1 UBM Development AG – Investor Presentation 25.08.2021 DISCLAIMER Disclaimer

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Half-Year 2021. Investor Presentation 25 August 2021 1 UBM Development AG – Investor Presentation 25.08.2021 DISCLAIMER Disclaimer ©eleven visualisation ©bloomimages ©Woow Studio residential. office. hotel. half-year 2021. Investor Presentation 25 August 2021 1 UBM Development AG – Investor Presentation 25.08.2021 DISCLAIMER disclaimer. This presentation was prepared by UBM Development AG (the “Company” or “UBM”) solely for use at investors’ meetings and is furnished to you solely for informational purposes. This presentation dates as of 25 August 2021. The facts and information contained herein might be subject to revision in the future. Neither the delivery of this presentation nor any further discussions of the Company with any of the recipients shall, under any circumstances, create any implication that there has been no change in the affairs of the Company since such date. None of the Company or any of its parent companies or subsidiaries or any of such person's directors, officers, employees or advisors nor any other person makes any representation or warranty, express or implied as to, and no reliance should be placed on, the accuracy or completeness of the information contained in this presentation. None of the Company or any of its parent companies or subsidiaries or any of their directors, officers, employees and advisors nor any other person shall have any liability whatsoever for any loss howsoever arising, directly or indirectly, from any use of this presentation. The same applies to information contained in other material made available at such investors' meetings. This document is selective in nature and is intended to provide an introduction to, and overview of, the business of the Company. Wherever external sources are quoted in this presentation, such external information or statistics should not be interpreted as having been adopted or endorsed by the Company as being accurate. This presentation contains forward-looking statements relating to the business, financial performance and results of the Company and/or the industry in which the Company operates. These statements generally are identified by words such as "believes", "expects", "predicts", "intends", "projects", “plans", "estimates", "aims", "foresees", "anticipates", "targets", and similar expressions. The forward-looking statements, including but not limited to assumptions, opinions and views of the Company or information from third party sources, contained in this presentation are based on current plans, estimates, assumptions and projections and involve uncertainties and risks. Various factors could cause actual future results, performance or events to differ materially from those described in these statements. The Company does not represent or guarantee that the assumptions underlying such forward- looking statements are free from errors nor do they accept any responsibility for the future accuracy of the opinions expressed in this presentation. No obligation is assumed to update any forward-looking statements. By accepting this presentation you acknowledge that you will be solely responsible for your own assessment of the market and of the market position of the Company and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company‘s business. 2 UBM Development AG – Investor Presentation 25.08.2021 UPDATE summary. half-year 2021. 1 guidance. increase. mid- to high-fifties pre tax. 2 insurers rise real estate exposure. demand for ESG. more GDP growth. 3 record pipeline. project acquisitions. transformation in full swing. 4 second best H1. high net profit. project sales pre execution. 5 record cash. successful ESG-linked financing. flattened re-financing profile. 6 outlook. increasing demand for development expertise. 3 UBM Development AG – Investor Presentation 25.08.2021 GUIDANCE 1 guidance. increase. Earnings before tax (EBT(EBT)) ▪ First guidance after Covid beats in €m Bloomberg’s EBT consensus by 30% 70.5 ▪ Selected projects sold before start of 62.3 construction to mitigate Corona 55-60 impact 43.8 55.5 ▪ Two Vienna properties sold to 35.7 project partners (Signa, Wiener Städtische) and BUWOG 29.3 ▪ One Munich property sold to a 28.1 neighbouring developer ▪ 4-year EBT average of €59.7m within reach Q1 HY Q1-3 FY 2018 2019 2020 20212021 pre-tax profit expected in mid- to high-fifties. 4 UBM Development AG – Investor Presentation 25.08.2021 MARKET 2 insurers. rise real estate/ESG exposure. 11.5% Share of real estate investments hitting record high Majority of insurers plan to further increase real estate exposure (max. exposure 25%) Consensus on real estate sector: safe haven with yield Germany with top attractiveness (stability and liquidity) ESG/Sustainability major driver of future investment decisions ubm hits the sweet spot of insurance companies. Source: EY – Trendbarometer Immobilienanlagen der Assekuranz 2021 5 UBM Development AG – Investor Presentation 25.08.2021 MARKET 2 GDP outlook. more growth. Real GDP forecast 2021 as of June Real GDP forecast 2021 as of March Germany: Record real estate investment of CEE investment €84bn from 2019 volumes likely to be within reach in around €10bn in 2021 2021 3.4% 4.0% 3.2% 3.1% 3.4% 3.2% 3.9% 2.2% Austrian real estate transaction volume of €4bn clearly above 2020 level (+18%) GDP forecasts revised upwards for all core markets. Source: BNP/EHL/Colliers/CBRE/OeNB 6 UBM Development AG – Investor Presentation 25.08.2021 PIPELINE 3 €2.4bn record pipeline1. acquisitions. Pipeline by asset class acquisitions: right time, Hotel right place Residential 12% Pelkovenstrasse ▪ Next to „Olympia Einkaufszentrum“ mall/underground 51% ▪ Near Olympia Park – recreational area with 85ha 37% ▪ 6,500m² land plot Office Pipeline by country MUNICH Others Czech Rep. 6% 11% 52% Germany Bogner Headquarters 31% ▪ St.-Veit-Straße ▪ 12,000m² land plot ▪ District with top infrastructure Austria pipeline expansion despite completions. 1 based on total output logic (pro-rata, based on UBM share), Q3 2021-Q2 2025 7 UBM Development AG – Investor Presentation 25.08.2021 PIPELINE 3 transformation. in full swing. Timber Pioneer LeopoldQuartier Village im Dritten nico Frankfurt Vienna Vienna Frankfurt Pipeline by category green 41% smart 3% Barany.7 more Andaz Vienna €2.4bn 8% Prague 48% Mercure under assignment voco Katowice The Hague Copyrights: UBM / bloomimages / M. Nagl / Thaler Architekten / eleven visualisation 8 UBM Development AG – Investor Presentation 25.08.2021 RESULTS 4 second best H1. high net profit. Net profit in €m + 32% ▪ UBM delivers the second best H1 by 27.5 26.6 EBT 21.3 20.8 ▪ High net profit due to use of losses carried forward in Austria ▪ Substantial top-line growth H1 2018 H1 2019 H1 2020 H1 2021 corona impact confined to absolute minimum. 9 UBM Development AG – Investor Presentation 25.08.2021 FINANCIALS 5 very healthy. balance sheet. 30 Jun 2021 31 Dec 2020 ▪ More than €530m of equity Equity 537.7 482.9 ▪ Net debt of €450m Equity Ratio 34.5% 35.2% ▪ Equity ratio of 35% at upper end of Net Debt 449.5 479.1 target range LTV 28.9% 34.9% ▪ Balance sheet growth in light of B/S Total 1,556.7 1,372.0 successful bond/hybrid issues low leverage offers further room to manoeuvre. 10 UBM Development AG – Investor Presentation 25.08.2021 FINANCIALS 5 record cash. ESG linked financing. Cash Redemption profile of bonds, hybrid in €m + €332m in €m 209.9 407.0 171.5 247.2 120.0 125.3 200.4 212.4 81.1 150.0 75.2 100.0 19.5 0 2017 2018 2019 2020 HY 2021 2021 2022 2023 2024 2025 2026 >2026 issued with sustainability link in 2021 ▪ >€400m fire power ▪ €250m raised with link to ESG rating ▪ Proven track record with bond and ▪ €69m of senior bond and €47m of hybrid hybrid investors extended for another 5y ▪ Strict investment criteria prevail ▪ No limitations to investments due to financing constraints 11 UBM Development AG – Investor Presentation 25.08.2021 OUTLOOK 6 outlook. demand for development expertise. full-year and beyond UBM’s expertise under growing demand Guidance ▪ €55-60m EBT ▪ ESG is driving force behind real estate ▪ Positive outlook investors ▪ More project sales ▪ Existing office space needs fundamental refurbishment ▪ Disrupted construction prices require fresh approach ▪ Access for real estate investors best secured through early- / development-stage involvement ▪ Sellers’ market continues 12 UBM Development AG – Investor Presentation 25.08.2021 backup. ▪ ubm at a glance 14 ▪ pipeline 15-20 ▪ green. smart. and more. 21-22 ▪ hotel 23-24 ▪ portfolio book values 25-26 ▪ financials 27-34 ▪ investor relations 35-39 13 UBM Development AG – Investor Presentation 25.08.2021 EQUITY STORY ubm. at a glance. ▪ Residential and Office focus. ▪ Major European metropolitan areas ▪ green. smart. and more. pipeline. ▪ €2.4 bn (pro rata value over the next four years) ▪ Almost 90% residential and office ▪ More than 80% in Germany and Austria stock exchange. ▪ Prime Market listing in Vienna (maximum transparency) ▪ Top management (Executive Committee) invested with €5m ▪ Ortner and Strauss syndicate as the core shareholder with roughly 39% track record. ▪ Reliable source of dividends ▪ Sustainable earnings growth over decades ▪ Almost 150 years of corporate history 14 UBM Development AG – Investor Presentation 25.08.2021 PIPELINE development pipeline. (I). Rooms, Lettable Area, Project Asset Apartments Share Compl. Status1 Mercure Katowice Centrum, Katowice Hotel/Office 268 rooms, 2,800 sqm. 100% Q3/21 Fwd. S. Holiday Inn Express, Düsseldorf Hotel 455 rooms 50% Q3/21 barany.7, Vienna Residential 126 apartments 100% Q3/21 Fwd. F. Pohlgasse, Vienna Residential 121 apartments 50% Q3/21 Fwd. S. Anders Wohnen (III), Munich Residential 100 apartments 50% Q4/21 Part. S. Holiday Inn Express, Potsdam Hotel 198 rooms 50% Q4/21 Micro Apartments, Potsdam Residential 126 micro apartments 50% Q4/21 Fwd. S. Ibis Styles Kraków Centrum, Krakow Hotel 259 rooms 100% Q4/21 Fwd. S. Andaz, Prague Hotel 175 rooms 75% Q4/21 siebenbrunnen21., Vienna Residential/Office 178 apartments, 5,500 sqm.
Load more

Recommended publications
  • Insider Knowledge for Your European Holiday. Düsseldorf, Germany Paris
    Paris, France Serge Lutens Perfumes - Launched Parisian pastime of people-watching Visigothic (East Germanic tribe of Insider knowledge for your in 1998, some say that Rahät Loukoum while the children play at this the first millennium) crowns and - known in English as ‘Turkish beautifully landscaped park. Sure to other national treasures fill each European holiday. Delight’ and inspired by the thick be a big hit, the park’s playground room with intricate beauty. jellied candy by the same name - is has its own, kids-only facilities with a captivating fragrance. Find this all the fixtures in miniature size. scent made by master perfumer Taillevant - Relax by candlelight Whether you travel to Europe or keep it closer to home this Serge Lutens exclusively at Les and receive impeccable service at Musée National du Moyen Age - this institution of culinary genius. summer, stay seven nights at participating InterContinental Salons du Palais Royal Shiseido, along with two of his newest, Imagine ancient Rome as you tour Taillevent is widely considered Hotels and Resorts and enjoy two of those nights, with our magnificient fragrances made just the finest-preserved Roman ruins in the best restaurant in Paris and once a year. Paris; then explore the neighbouring has received the highest rating - 3 compliments. 15th-century abbey of Cluny, which Michelin stars - from the Michelin houses art from the Middle Ages, Guide for 33 consecutive years. Park Monceau playground - Pack including the celebrated “Lady of a picnic and take part in the typical the Unicorn” tapestries. Jewelled THERE’S MORE TO EXPERIENCE HAVE WHEN YOU FREE.
    [Show full text]
  • Rps Horeca.Pdf
    SAMBONET PADERNO INDUSTRIE S.P.A. 2 COMPANY PROFILE HOTEL SAMBONET PADERNO INDUSTRIE S.P.A. FACTORY ENG ITA The company based in Orfengo, between Novara and Con sede ad Orfengo tra Novara e Vercelli, è il Gruppo Vercelli, is a leading Italian manufacturer of top quality italiano leader nella produzione di articoli di design di designer items for the tabletop and kitchen, both for alta qualità per la tavola e la cucina, destinati sia al the home as well as for the catering sector. Sambonet settore home sia al canale Ho.re.ca. Paderno Industrie S.p.A. was established in 1997 Sambonet Paderno Industrie S.p.A. nasce nel 1997 following the purchase of Sambonet by Paderno and in seguito all’acquisizione di Sambonet da parte di merging. Sambonet has always been very dynamic in Paderno. the pursuit of modernity for its products. Sambonet ha dimostrato negli anni una decisa The work of Roberto Sambonet - a key designer at aspirazione verso la modernità che si esplica con Sambonet from the ‘50s through the ‘80s - is a valuable l’attività di Roberto Sambonet, designer dell’azienda testimony to this undertaking. Through the design and dagli anni ‘50 alla fine degli anni ‘80. Per questo la functionality of our products; our company’s ability to ricerca dello stile, della forma, della funzionalità e adapt to new lifestyles has always been the key to l’adattamento ai nuovi stili di vita è sempre stata our market identification. In order to accomplish this imprescindibile dalla ricerca del riconoscimento del Design-Industry-Market synergy, we have established mercato.
    [Show full text]
  • Presentation. Ubm Group. February 2021
    office. residential. hotel. ©bloomimages ©bloomimages ©WOOW presentation. ubm group. February 2021 1 UBM Development AG – company presentation February 2021 EQUITY STORY ubm. at a glance. ▪ Asset classes Residential and Office focus. ▪ Strategic focus on green. smart. and more. ▪ Top cities in Europe only pipeline. ▪ Pipeline of €2.2 bn (Q3/2020-Q3/2024) ▪ ~80% of pipeline in residential & office – and growing ▪ ~80% of pipeline in Germany & Austria stock market. ▪ Top management (Executive Committee) invested with €5m in UBM shares ▪ Options entitle management to 5% of the increase in value ▪ Syndicate (Ortner & Strauss) core shareholder with approx. 39% ▪ Prime market listing Vienna Stock Exchange, maximum transparency track record. ▪ More than 145 years of corporate history ▪ Sustainable earnings growth over last decade ▪ Clear values: competent. consequent. transparent. size. ▪ Portfolio value: €1.5bn ▪ Total assets: €1.4bn ▪ Equity: €476m 2 UBM Development AG – company presentation February 2021 OVERVIEW who we are. ▪ Europe’s top cities in geographic focus ▪ Residential and office as strategic focus ▪ green. smart. and more. ▪ Pure Play Developer with risk minimization strategy 3 UBM Development AG – company presentation February 2021 BUSINESS MODEL focus. metropolitan areas. 80% of the pipeline in top cities in germany and austria. 4 UBM Development AG – company presentation February 2021 BUSINESS MODEL focus. residential and office. Pipeline by asset class Strong demand for UBM projects also in 2020 Re-classification Gmunder Höfe, Munich barany.7, Vienna 6% Residential Hotel 15% 50% 29% F.A.Z. Tower, Frankfurt Astrid Offices, Prague Office ▪ € 2.2 bn pipeline (2021-2024) ▪ € 1.1 bn residential pipeline in boom markets ▪ More than € 600m „new type office“ projects Nordbahnviertel, Wien 80% of pipeline in high-demand residential and office projects.
    [Show full text]
  • Presentation. Ubm Group. April 2021 EQUITY STORY Ubm
    residential. office. hotel. presentation. ubm group. April 2021 EQUITY STORY ubm. at a glance. ▪ Residential and Office focus. ▪ Major European metropolitan areas ▪ green. smart. and more. pipeline. ▪ €2.3 bn (pro rata value over the next four years) ▪ Approx. 80% residential and office ▪ Approx. 80% in Germany and Austria stock exchange. ▪ Prime Market listing in Vienna guarantees maximum transparency ▪ Top management (Executive Committee) invested with €5m ▪ Ortner and Strauss syndicate as the core shareholder with roughly 39% track record. ▪ Reliable source of dividends ▪ Sustainable earnings growth over decades ▪ Over 145 years of corporate history 2 UBM Development AG – company presentation April 2021 OVERVIEW who we are. ▪ Europe’s top cities in geographic focus ▪ Residential and office as strategic focus ▪ green. smart. and more. ▪ Pure Play Developer with risk minimization strategy 3 UBM Development AG – company presentation April 2021 BUSINESS MODEL focus. metropolitan areas. 80% of the pipeline in top cities in germany and austria. 4 UBM Development AG – company presentation April 2021 PIPELINE pipeline. 2021-2024. Pipeline by asset class 1 14% ▪ Record pipeline of €2.3bn Hotel ▪ €1.25 bn residential pipeline with low risk earnings potential €2.3bn 54% ▪ €750m in “new type office” projects 32% Residential Office ▪ More than 80% of pipeline in Germany and Austria ▪ All former hotel projects re-classified (resi, office) 1 based on total output logic (pro-rata based on UBM share, no 100% logic), 2021-2024 5 UBM Development AG – company presentation April 2021 STRATEGY green. smart. and more. green. ▪ Our claim: leading timber construction developer in Europe ▪ Timber construction: not a choice but an imperative Timber Pioneer smart.
    [Show full text]
  • Biurowe Wieże Rosną W Centrum I Na Bliskiej Woli Artur
    Biurowe wieże rosną w centrum i na bliskiej Woli Z głową nad chmurami Wieżowce zmieniają panoramę Warszawy, wkrótce będziemy w czołówce najwyższych stolic w Europie – mówi Artur Sutor, Partner i dyrektor Działu Reprezentacji Najemców Biurowych w Cresa Polska. W 2021 roku, w sąsiedztwie Dworca Centralnego, ukończony zostanie najwyższy – nie tylko w Polsce, ale i w całej Unii Europejskiej – budynek Varso Tower. Razem z iglicą będzie miał 310 m, dla porównania – do dzisiaj najwyższy w kraju – Pałac Kultury i Nauki ma 237 m. Varso Tower zaoferuje najemcom biurowym ponad 66 tys. mkw. nowoczesnej powierzchni. Drapacze chmur rosną głównie w okolicach Ronda Daszyńskiego i ulicy Towarowej, w kierunku których od kilku lat przesuwa się biznesowe centrum stolicy. Większość biurowych wież będzie oddawana do użytku w kilkumiesięcznych odstępach przez najbliższe trzy lata. Jako pierwsze zostaną oddane – Mennica Legacy Tower – jeszcze w tym roku, oraz Skyliner czy The Warsaw Hub – w przyszłym. Powierzchnia biurowa 11 budynków wysokościowych mierzących powyżej 100 m, które są w trakcie realizacji lub na zaawansowanym etapie przygotowania, wynosi ponad 570.000 mkw. Ich łączna wysokość to prawie 1,7 km (licząc tylko wysokość do dachu). Dla przykładu wysokość istniejących już 13 wież biurowych to także około 1,7 km. Idziemy na rekord. Panorama miasta za kilka lat zmieni się diametralnie. Dodatkowo kilka spektakularnych obiektów jest jeszcze w fazie projektowania, np. Warsaw One przy Rondzie ONZ (dawny Ilmet), Nowa Emilia przy E. Plater, Łucka 7/9 czy inwestycja przy placu Grzybowskim. W Warszawie powstają także wysokościowe projekty mieszkaniowe czy hotelowe. Stolica się zmienia, a projekty realizują u nas światowej sławy biura architektoniczne.
    [Show full text]
  • Hotel. Residential. Office
    © RKW ARCHITEKTUR hotel. © HENN office. © FREEDIMENSIONS residential. 2nd edition, June 2018 145 years. we develop values. Long before “sustainable value creation” became a buzzword, it was already an integral component of the way we think and act. To be precise, it goes back to the founding of our company in March 1873 and its first listing on the Vienna Stock Exchange, which followed just a month later. After all, our roots as a leading Austrian brick maker are just as strongly influenced by this as our commitment today as a European real estate developer. 1 History six eras. 1873–1898 UBM was founded on 3 March 1873 under the name “Union-Baumaterialien-Gesellschaft”. Its focus in the early years was on purchasing and operating brickworks and stone quarries. UBM was first listed on the Vienna Stock Exchange as early as 10 April 1873. Even though the global economic crisis served as a far from ideal backdrop, the company committed to expansion and acquired numerous new brickworks in the 1880s. This entrepreneurial savvy paid off and UBM soon grew into the monarchy’s second-largest brick-making operation. 1899–1924 At the start of the 20th century UBM held 30% of the Vienna brick market. This strong market position not only made UBM an attractive prospect for suppliers, it also caught the eye of PORR, a rapidly growing construction company. PORR wanted to achieve greater independence in its supply of construction mate- rials and purchased shares in “Union-Baumaterialien-Gesellschaft”. An inflation rate of over 100% at the start of the 1920s necessitated a broadening of the business model.
    [Show full text]
  • Suggested Accommodation List for the C3S 3Rd General Assembly
    Suggested accommodation list for the C3S 3rd General Assembly VENUE: C3S 3rd General Assembly 2019 Hotel Intercontinental Warsaw Address: Emilii Plater 49, 00-125 Warsaw Telephone: +48 22 328 88 88 Email: [email protected] Hotels Holiday Inn Warsaw City Centre Address: Twarda 52, 00-831 Warsaw Telephone: +48 22 257 66 99 Email: [email protected] Please click here to get directions to Hotel Intercontinental Warsaw Mercure Warszawa Centrum Address: -120 Warsaw Telephone: +48 22 697 39 99 Email: [email protected]łota 48/54, 00 Please click here to get directions to Hotel Intercontinental Warsaw Novotel Warszawa Centrum Address: -510 Warsaw Telephone: +48 22 596 00 00 Email: [email protected]łkowska 94, 00 Please click here to get directions to Hotel Intercontinental Warsaw Mercure Warszawa Grand Address: 28 Krucza, 00-522, Warsaw Telephone: +48 22 583 21 00 Email: [email protected] Please click here to get directions to Hotel Intercontinental Warsaw Hampton by Hilton Warsaw City Centre Address: Wspólna 72, 00-687 Warsaw Telephone: +48 22 317 27 00 Email: [email protected] Please click here to get directions to Hotel Intercontinental Warsaw Ibis Styles Warszawa Centrum Address: ul. Zagorna 1a, 00441, Warsaw Telephone: +48 22 211 84 00 Email: [email protected] Please click here to get directions to Hotel Intercontinental Warsaw Apartments Citycomfort Aparthotel Address: Wolska 165, 01-258 Warszawa Telephone: +48 22 113 98 15 Email: [email protected] Please click here to get directions to Hotel Intercontinental Warsaw Micro Apartments Kazou Residence Address: Wolska 165, 01-258 Warsaw Telephone: +48 53 155 50 86 Email: [email protected] Please click here to get directions to Hotel Intercontinental Warsaw Go Apartments Address: Kolejowa 45A, 08-445 Warsaw Telephone: +48 50 846 40 38 Email: [email protected].
    [Show full text]
  • Europe Nominee List Updated 26 Aug 2010
    Europe Europe Europe's Leading Airline Air France Alitalia British Airways Iberia KLM Lufthansa SAS Scandinavian Airlines Swiss International Air Lines TAP Portugal Turkish Airlines Europe's Leading Airport Amsterdam Airport Schiphol, Netherlands Barcelona International Airport, Spain Copenhagen Airport, Denmark Domodedovo International Airport, Russia Hamburg Airport, Germany Heathrow Airport, London, England HelsinkiVantaa, Finland Leonardo da Vinci International Airport, Italy Lisbon Airport, Portugal Madrid Barajas International Airport, Spain Munich International Airport, Germany Zurich Airport, Switzerland Europe's Leading Airport Hotel Hilton Copenhagen Airport Hotel, Denmark Hilton London Heathrow Airport Hotel, England Kempinski Airport Hotel Munich, Germany Radisson SAS Hotel London Stansted Airport, England Renaissance Barcelona Airport Hotel, Spain Sheraton Amsterdam Airport Hotel and Conference Center, Netherlands Sheraton Paris Airport Hotel & Conference Centre, France Europe's Leading All-inclusive Resort Aldemar Rhodos Paradise Village, Greece Aska Costa Holiday Club, Turkey Club Hotel Riu Chiclana, Spain Club Hotel Riu Gran Canaria, Spain Club Hotel Riu Paraiso Lanzarote Resort, Spain Club Hotel Riu Vista Mar, Spain Concorde De Luxe Resort,Turkey Da Balaia Club Med, Portugal Kemer Resort Hotel, Turkey Rixos Premium Belek, Turkey Titanic Hotel Antalya, Turkey Europe's Leading Beach Cannes, France Corfu, Greece Costa de la Luz, Spain Costa Smeralda, Sardinia, Italy Dona Ana, Lagos, Portugal Formentera Island, Ibiza Marbella,
    [Show full text]
  • Diversity and Bioethics 24 – 27 August 2022 | Warsaw, Poland
    Diversity and Bioethics 24 – 27 August 2022 | Warsaw, Poland 34th European Conference on Philosophy of Medicine & Health Care This conference will be organized by the European Society for Philosophy of Medicine and Healthcare (espmh), the Center for Bioethics & Biolaw at the Institute of Philosophy at the University of Warsaw, as well as the Bioethics Committee at the Presidium of the Polish Academy of Sciences. The conference will focus on challenges posed by moral, religious and cultural diversity to healthcare, the life sciences and bioethics. Abstracts addressing any of the issues mentioned in the headings below from a philosophical and/or ethical perspective will be favored, although work on other topics can also be submitted. Basic concepts Conflicts between the patient’ • Diversity and pluralism rights and wishes & the health • Relativism, objectivism and universalism practitioner’s rights and duties • Moral disagreement • Wish fulfilling medicine (non-medical interventions) • Moral compromise • Right-to-try and compassionate use • Tolerance • Alternative medicine • Deliberation • Conscientious objection in medicine Bioethics in democratic and/or Facing diversity autocratic societies • Moral pluralism and the value of human life & • Bioethics and democratic values death • Deliberative processes in bioethics • Cultural diversity and concepts of health, disease, • Moral expertise and moral experts and illness • Ethics/bioethics committees • New reproductive technologies and diverse • Moral education in a democratic society accounts
    [Show full text]
  • Politics, History, and Height in Warsaw's Skyline
    ctbuh.org/papers Title: Politics, History, and Height In Warsaw’s Skyline Authors: Ryszard Kowalczyk, Professor, University for Ecology and Management in Warsaw Jerzy Skrzypczak, Academic Teacher, Warsaw University of Technology Wojciech Olenski, Urban Planner, City of Warsaw Subject: History, Theory & Criticism Keywords: Technology Urban Planning Publication Date: 2013 Original Publication: CTBUH Journal, 2013 Issue III Paper Type: 1. Book chapter/Part chapter 2. Journal paper 3. Conference proceeding 4. Unpublished conference paper 5. Magazine article 6. Unpublished © Council on Tall Buildings and Urban Habitat / Ryszard Kowalczyk; Jerzy Skrzypczak; Wojciech Olenski History, Theory & Criticism Politics, History, and Height in Warsaw This paper describes the present high-rise boom in Warsaw, which is related to unprecedented development of the capital of Poland in the last 15 years and the spatial expansion of a high-rise zone created 40 years ago on the western side of the city center. Today, Warsaw is ranked fifth in Europe in terms of the number of high-rises and is considered the second-most preferred city in Europe (after London) for high-rise investment (see Table 1). The contemporary Ryszard Kowalczyk Jerzy Skrzypczak skyline of Warsaw combines the historic panorama of the Old Town complex (a UNESCO World Heritage Site since 1980) with a large cluster of modern sky- scrapers around the centrally located Palace of Culture and Science. For the past five years, by using 3-D computer simulations, it has been possible for urban planners to design a future city skyline with new skyscrapers while maintaining visual protection of the Old Town silhouette. Wojciech Olenski Introduction will occur in the near future (see Table 2), as the next ten high-rises are planned here, half of Authors The contemporary skyline of Warsaw, as seen which will exceed 200 meters in height.
    [Show full text]
  • Chmielna.Pobierz3.Pdf
    OBWIESZCZENIE O PRZETARGU USTNYM W DRODZE PUBLICZNEJ LICYTACJI NA SPRZEDAŻ NIERUCHOMOŚCI W oparciu o Rozporządzenie Rady Ministrów z dnia 13 lutego 2007 r. w sprawie określenia sposobu i trybu organizowania przetargu na sprzedaż składników aktywów trwałych przez spółkę powstałą w wyniku komercjalizacji (Dz. U. 2007 Nr 27, poz. 177 ze zm.). 1. Sprzedawca: POCZTA POLSKA S.A., 00-940 Warszawa, ul. Stawki 2. 2. Prowadzący przetarg: Poczta Polska S.A., Centrum Infrastruktury, 00-941 Warszawa, ul. Świętokrzyska 31/33, pokój nr 609. 3. Przedmiot sprzedaży: Warszawa, ul. Chmielna 75 prawo użytkowania wieczystego nieruchomości gruntowej niezabudowanej, oznaczonej w ewidencji gruntów jako działki nr: 46/10, 46/9 i 46/8, łącznego obszaru 10.533 m², położonej w Warszawie, przy ul. Chmielnej nr 75. Dla nieruchomości urządzona jest księga wieczysta KW Nr WA4M/00396603/4 prowadzona przez Sąd Rejonowy dla Warszawy – Mokotowa w Warszawie X Wydział Ksiąg Wieczystych. Cena wywoławcza netto: 93 000 000,00 zł Minimalne postąpienie: 930 000,00 zł Wadium: 9 300 000,00 zł (do wylicytowanej kwoty zostanie doliczony podatek VAT w wysokości 23%). 4. Przetarg w formie ustnej odbędzie się w siedzibie prowadzącego przetarg, w dniu 08.08.2013 r. Składanie i analiza dokumentów, opisanych w pkt. 9 odbędzie się w godzinach 9.00-10.30 licytacja rozpocznie się o godzinie 11.00. 5. Wadium wnoszone w gotówce powinno być wpłacone nie później niż do dnia 06.08.2013 r., przy czym jako termin wpłaty rozumiany jest termin uznania rachunku Poczty Polskiej S.A. 6. Wadium wnoszone w gotówce, w podanej wyżej kwocie należy wpłacić na konto: Bank Pocztowy S.A.
    [Show full text]
  • Hotel. Residential. Office
    © RKW ARCHITEKTUR hotel. © HENN office. © FREEDIMENSIONS residential. 3rd edition, September 2018 145 years. we develop values. Long before “sustainable value creation” became a buzzword, it was already an integral component of the way we think and act. To be precise, it goes back to the founding of our company in March 1873 and its first listing on the Vienna Stock Exchange, which followed just a month later. After all, our roots as a leading Austrian brick maker are just as strongly influenced by this as our commitment today as a European real estate developer. 1 History six eras. 1873–1898 UBM was founded on 3 March 1873 under the name “Union-Baumaterialien-Gesellschaft”. Its focus in the early years was on purchasing and operating brickworks and stone quarries. UBM was first listed on the Vienna Stock Exchange as early as 10 April 1873. Even though the global economic crisis served as a far from ideal backdrop, the company committed to expansion and acquired numerous new brickworks in the 1880s. This entrepreneurial savvy paid off and UBM soon grew into the monarchy’s second-largest brick-making operation. 1899–1924 At the start of the 20th century UBM held 30% of the Vienna brick market. This strong market position not only made UBM an attractive prospect for suppliers, it also caught the eye of PORR, a rapidly growing construction company. PORR wanted to achieve greater independence in its supply of construction mate- rials and purchased shares in “Union-Baumaterialien-Gesellschaft”. An inflation rate of over 100% at the start of the 1920s necessitated a broadening of the business model.
    [Show full text]