PingProperties buys large-scale redevelopment site in Arnhem

PingProperties has acquired the ownership of a plot of land on Velperweg in Arnhem city centre for its Corporate Office Fund III. This former factory site of ENKA covers an area of approx. 7.1 hectares.

PingProperties Corporate Office Fund III has owned 6.5 hectares of land with approx. 70,000 m² of office and laboratory buildings at this location since 2012. The purchase of this plot will facilitate the further development of the complex.

In accordance with the municipality’s structure vision, the land has been earmarked for a house-building programme. The adjacent residential neighbourhoods provide excellent points of reference for the development of a high-quality residential environment.