Supernova Development Group is an organization that associates under its brand a wide range of real estate projects carried out in Poland, Croatia, Cyprus, and Florida (US). With several professional management teams, Supernova established itself as a stable, reliable and sustainable developer with a large and diversified portfolio of real estate properties. Supernova is a part of Superkonstelacja Ltd. (Cyprus) holding structure, an investor in venture capital projects in a variety of sectors.
Supernova Development Group has begun its activity in 2007, initiated by Mr. Maciej Zientara, an entrepreneur, and a fund manager with an investment banking background and the founder of the holding structure of Superkonstelacja Ltd. For many years he has worked in a Polish banking sector (BH S.A., PBI S.A., PBR S.A. and BRE Bank/mBank S.A.). Mr. Zientara was also a fund manager Supernova S.A., which ran three National Investment Funds listed on the WSE.
For the last decade, the Group built and invested in diversified portfolios of real estate funds. The Group has been professionally managed by two management companies: Portfel Inwestycyjny Ltd. (http://www.portfelinwestycyjny.pl),(www.pidev.pl) and Supernova Financial Services evelopment Ltd. (http://supernovafs-development.pl).
Moreover, Supernova Development successfully established four closed-end, real-estate funds (FIZANs): KROPKA FIZ; KROPKA FIZ 2; PIK FIZAN I; PIK FIZAN II. Total raised capital exceeded EUR 50 million. All Investment funds have already completed their operations with full success and generated higher than assumed rates of return for their investors.
Currently, Supernova Development Group runs and manages almost 20 real estate investment projects for over 200 million Euros. Over the last decade, the Group has already completed more than 30 projects with a total value of over EUR 350 million. The Group investment strategy in Poland focused on the major: Warsaw, Cracow, Gdansk, Lodz, and Wroclaw.
In 2017 Supernova Development Group established a new development company, Edge Development Group (http://www.edgedevelopment.eu), to run and manage real estate projects in Cyprus. Up-to-date Edge Development Group has set up a portfolio of six prime located properties in Larnaca.
The largest and most important investment project at present is a mixed use, beach side development with hotel, residences, and apartments. This investment is carried out jointly with the NCH private equity fund from New York. The Supernova Group also invests in Croatia and Florida, where it implements residencial projects.
Supernova Development Group was also indirectly the largest investor in the Polish stock-listed company Soho Development S.A. (http://sohodevelopment.pl) and actively participated in the management of the Company’s real estate portfolio. Soho Development S.A. was the owner of several development projects in Warsaw which were successfully completed: Feniks Soho Factory, Verbel Soho Factory, Rebel Soho Factory, Wars Soho Factory and in Cracow (osiedledobraforma.pl).
Soho Development S.A. created, managed and successfully sold famous post-industrial revitalization – Soho Factory in Warsaw (sohofactory.pl). In 2017 Soho Development S.A. has distributed (buy-back) to investors over 80 million euros.
In 2018, Supernova Development Group expanded its investment and management activities to the hotel industry. The strategy provides investments in the premium segment in the tourist centers of the largest cities in Poland and Cyprus. Currently, the total value of the investments has already exceeded EUR 150 million. Hotels are located in Cracow (4 projects) and Gdansk (2 projects) and Larnaca, with a total of over 1,000 rooms. Supernova Group established its own management structure to manage more effectively portfolio of hotels: PIAH Ltd. (http://www.piaparthotels.pl/), PIA Ltd. (https://piapartments.pl/), and PIM Ltd. The holding manages also hotels for external professional investors ( 4 hotels in Poland) and luxury apartaments for individual investors (over 100). The main strategic partner of the hotel group is the Marriott chain. All of the group’s hotels operate under Marriott’s brands.
Supernova Development Group operates in various segments of real estate industry
NCH Capital Inc and Edge Development Group announced their strategic partnership for the implementation of an investment worth €90 million in Pyla.
NCH Capital Inc. in a strategic partnership with Edge Development Group, operating under the auspices of the Supernova Polish Real Estate and Hospitality Group, are moving forward with the implementation of the development in a seaside area at the municipal borders of Pyla.
The investment is of particular importance and symbolism because it is the definition of a “direct foreign investment” and the result of a partnership of a big institutional investor from the US with a European Organization specialized in the sectors of real estate and tourism.
The strategic partnership between the two partners is about the neighboring area of 33,000 sq. m. of the former hotel Beau Rivage, that will radically change the image of the Pyla region in the Larnaca District.
The strategic partnership agreement of NCH Capital Inc and Edge Development Group is based on the important values of hospitality and real estate development of an upgraded tourism product, taking into consideration the new data created due to the pandemic and sustainable development.
The investment is expected to give glamour to the wider area of the city of Zeno, which for decades has been deprived of new investment of its size and kind. It creates more than 500 jobs during construction and another 300 during the operational phase of the project that includes a mixed tourism and residential development, with holiday villas, flats, and a hotel complex of 460 beds.
“We are moving forward with steady steps to implement our investment plans, taking into account always the market data, as they change with the pandemic but also other factors that concern Cyprus and the real estate sector. Our investments are always based on the principal rules of economic data of the tourism and real estate sectors. We are delighted about our partnership with Edge Developments Group and we hope that the experience and the know-how of both organizations will help creating a unique project that will upgrade Larnaca as a tourism destination”, stated Andreas Siantis, the Managing Director of NCH Capital Inc., Head of West Balkans, Greece & Cyprus.
Mr. Andreas Varianos, CEO of Edge Development Group, emphasized: “Edge Development Group is happy to provide today various and innovative ways of a higher living and hospitality and our partnership with NCH Capital Inc. is creating all the necessary conditions for a different project that will change the tourist product and map of Larnaca. We expect the cooperation of the Authorities so as to move forward quickly with the licensing and construction phases of the project”.
Savvas Perdios, the Deputy Minister of Tourism stated: “In this difficult period, when the tourism sector is hurting due to the pandemic, this investment sends a message of optimism”.
“As the Ministry of Tourism, we salute the new investment that is coming to the Pyla area by NCH Capital Inc. and Edge Development Group. This new investment in the sectors of tourism and real estate development is about the launch of a mixed tourism village that includes a hotel unit, flats and villas in the Pyla area, in Larnaca, a region that has not been highly developed in the past, is very important and will upgrade significantly the level of the tourism product not only in the region and in Larnaca but that of Cyprus in general. It also comes at a difficult period, when the tourism has taken a big hit due to COVID and is sending out a message of optimism that there is light at the end of the tunnel. It is also particularly encouraging that the investment is being implemented by an important institutional investor of US interests in a partnership with a Polish Organization that has extensive know-how in developing real estate and managing hotel units. The benefits to the local community as well as to Cyprus in general are considerably large. The project is expected to cost over €90 million and will create a large number of jobs during its construction and its operation”.
It’s worth nothing that the neighboring land area that will be developed by NCH Capital Inc and Edge Development Group has a total land area of 33.000 sq. m. and is next to the former hotel Beau Rivage. In its entirely, the project is at the stage of finalizing the architectural designs.