The Munich-based company Timeless Homes GmbH (Timeless Homes), which creates exclusive luxury homes around the world, announced that it has granted a license for its brand Timeless to its partner company Timeless Luxury GmbH. As part of the exclusive license agreement, Timeless Luxury GmbH will be entitled to use the Timeless brand for all luxury goods besides real estate. In return, Timeless Homes GmbH will receive a one-time license payment and an attractive share of Timeless Luxury GmbH's revenues. The two companies will be known jointly as the Timeless Luxury Group.
Timeless Homes GmbH will retain the brand usage rights for the real estate sector. The Company's business model and area of operation therefore remain unchanged, and the proceeds from the Timeless Homes GmbH bond will continue to be used exclusively for the purposes stated in the securities prospectus.
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Michael Gössl, CEO of Timeless Homes GmbH, said, "The market for luxury goods continues to grow. In the future, we will take advantage of this development in areas beyond just real estate. In 2014, we will start to expand the Timeless brand consistently, introducing an entire range of new products. In all of the sectors we work in, we collaborate only with the best partners and all of our products focus on our core principles: minimalist, timeless design, elegance, and uncompromising quality."
Timeless Luxury Group's first project is the world premiere of a luxury yacht under the Timeless Yachts brand, to be introduced at the Boot Düsseldorf Trade Show on January 18, 2014.
The Timeless Homes GmbH bond (WKN: A1R09H) has been trading publicly on the Düsseldorf Stock Exchange in the primary bond market segment since July 2013. It has also been included in the Quotation Board of the Frankfurt Stock Exchange since November 2013. "Our investors will benefit from the additional license revenue, without an increase in risk," added Michael Gössl, "because of course we will continue to use the funds from our corporate bond only for the purposes specified in the securities prospectus. Our latest project is the construction of a luxury villa in the elegant suburb of Munich Grünwald, which we have recently put on the market together with our partner Engel & Völkers."
Timeless Homes GmbH, based in Munich, Germany, works with selected partners from the design, real estate, and tourism sectors to realize the marketing, sale, and construction of Timeless Homes, as well as the leasing of Timeless Hideaways.
Timeless Homes GmbH cooperates worldwide with selected partners for the development and marketing of these design oases. One of Europe's leading design houses created the entire interior design and exterior architecture for the villas. The company H-I-M Villenbau is the partner for construction activities in Southern Germany, Austria, Switzerland, and Northern Italy. The globally renowned real estate consulting firm Drees & Sommer will handle international project development and management.
Engel & Völkers is handling the process of brokering suitable properties and marketing the villas, while the marketing activities for Timeless Hideaways will be handled in cooperation with TUI Ferienhaus.
Timeless Luxury GmbH, headquartered in Munich, is a partner company of Timeless Homes GmbH. The Company implements projects in the luxury sector other than real estate under the TIMELESS brand.
Together, the Timeless Homes GmbH and Timeless Luxury GmbH companies will form the Timeless Luxury Group.
Timeless Luxury Group's first project is the world premiere of a luxury yacht under the TIMELESS YACHTS brand, to be introduced at the Boot Düsseldorf Trade Show in January 2014.
Source: Timeless Luxury Group
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