PingProperties Corporate Office fund IV

Cascade (2011)

  • Launched in November 2011: acquired from ING Development
  • Office complex Cascade: high-quality office buildings situated directly to the central station of Groningen
  • Low risk profile: triple A lessee (10-year lease RVB)
  • 2011: 4 buildings of approximately 21,000 sqm LFA and 153 parking places (fully let to RVB)
  • 2014: joining of new investor
  • 2014: expansion fund with Cascade building 1 and 8 (approximately 9,500 sqm)
  • 2015: expansion fund with Cascade building 9 (approximately 3,700 sqm)
  • 2016: new funding Berlin Hyp EUR 32 million
  • 2016: lease extension Kadaster
  • 2017: lease extension UWV
  • 7 buildings
  • Investors: 3 + PingInvestors

Groningen, Cascadeplein 2-10

Address: Cascadeplein 2-10, Emmasingel 1-5
Location: Center
Floor surface: 34.187 m2
Ownership: Freehold and apartment rights
Sector: Offices
Facilities: 341 parking places
Largest tenant: Rijksvastgoedbedrijf