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  "documentTitle": "Vivion Investments S.à.r.l.",
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  "presentationDate": "2022-12-14 00:00:00",
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  "notes": "The slide functions as a forensic investigation into a specific transaction chain, highlighting the use of nominees and rapid asset flipping.",
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      "text": "One thing seems clear though: No good is likely to have come to Vivion investors from this seemingly unnecessarily complex chain of transactions.",
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      "text": "The ultimate seller of RWI4 was a fund managed by a German real estate manager called Assetando. The purchase price was described as being “in the low three-digit million range.”",
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      "text": "On July 10, 2018, Vivion’s subsidiary Farcal Ltd. (Cyprus) become the shareholder of PVS. Delancey had held PVS for only 18 days. Farcal’s accounts show that it invested €42.0 million in PVS for equity, and loaned it another €92.3 million, bringing the total investment to €134.3 million.",
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      "text": "A Dayan-controlled entity owned a PropCo for 18 days before flipping it to Vivion. That PropCo is a German company named Projekt Völklinger Str. 4 Dusseldorf GmbH (“PVS”), which is the address of the RWI4 complex it would acquire.",
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      "text": "Delancey Holdings Ltd. (Cyprus) purchased PVS on June 22, 2018. Delancey was controlled by Mr. Dayan via another nominee Cyprus nominee shareholding company, Mariozotta Limited.",
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      "text": "The buyer was only described as “a very experienced and international real estate investor.” The purchase price was described as being “in the low three-digit million range.” And then “The parties have agreed not to disclose further details of the purchase agreement.” — Assetando press release",
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      "text": "Footnotes 58-62 detailing SEC filings, financial statements, and press releases.",
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