AkzoNobel and PingProperties have come to an agreement regarding large-scale complex
19-12-2011
Regarding the new fund ‘PingProperties Corporate Office fund III’ PingProperties recently has come to an unconditional agreement with AkzoNobel regarding the purchase of the AkzoNobel office in Arnhem, where, among others AkzoNobel Netherlands and its global shared service operations are located. The offices will be leased back by AkzoNobel for a long term. The purchase also includes the European headquarters and test factory/research facility of Teijin Aramid. These buildings are also leased for a long term.
The fund
The PingProperties Corporate Office fund III is characterized by a healthy return and has a low risk profile because the properties are rented to two outstanding debtors for a long term: AkzoNobel and Teijin Aramid. The fund consists of a select number of participants. One of the participants is PingInvestors. PingInvestors, which also conducts the management of PingProperties, is a regular co-investor in a new PingProperties fund. As a result the funds are developed and managed in an extremely critical and creative manner.
The complex
The complex is located in the center of Arnhem and has over a century of history with AkzoNobel, formerly known as Eerste Nederlandse Kunstzijdefabriek Arnhem. The area is characterized by a refined appearance because of the presence of historical office villas at the Velperweg. The complex consists of four main objects and a potential redevelopment object and comprises a total of 6 acres of land and 70,000 sq.m. lettable floor area.
AkzoNobel
AkzoNobel is one of the world’s leading industrial companies. Headquartered in Amsterdam the company manufactures and distributes a wide range of paints, coatings and specialized chemicals – pro forma 2010 revenue totaled approximately 15 billion euro. AkzoNobel is the largest paint and coatings company in the world. As a major manufacturer of specialized chemicals they provide industries worldwide with quality ingredients for products which are essential to human existence. The company thinks about the future, but acts in the present. AkzoNobel is working passionate at introducing new ideas and developing sustainable solutions for its customers. Therefore, its 55,000 employees – active in more than 80 countries – are committed to excellence and providing ‘Tomorrow’s Answers Today’.
Teijin Aramid
Teijin Aramid is part of the Teijin Group, a global, technology-driven group, with a listing on the stock exchanges of Tokyo and Osaka. The Teijin Group produces synthetic fibers, films and plastics, pharmaceuticals, healthcare products, information technology, trade and retail. The group employs approximately 19,000 people worldwide in approximately 160 subsidiaries.
Since the purchase of Teijin Aramid by the Teijin Group in 2000, major structural investments were made in this company. Production has expanded four times in six years, resulting in an increase of more than 100% compared to the 2000 level. Including the acquisition in 2000, Teijin has made a total investment of 1 billion euro in Teijin Aramid. This makes Teijin a substantial investor in the Dutch economy.
News
02-09-2024
PingProperties reduces annual like-for-like CO2 emissions by 40% in 5 years
Last year PingProperties drew up its ESG policy, linking it to specific targets. One of these targets is to provide an insight into CO2 emissions in its portfolio.
22-04-2024
PingProperties starts energy management pilot for its hotel ibis Styles Amsterdam Airport
PingProperties has started a pilot to optimize the energy consumption of its hotel ibis Styles Amsterdam Airport to achieve Paris Proof by 2040.
15-04-2024
PingProperties signs new lease with Trekpleister for Stadshart Daily Plaza in Zoetermeer
PingProperties has signed a new long-term lease with ‘Trekpleister’ for Stadshart Daily Plaza covered shopping centre in Zoetermeer. The chemist will lease around 250 m² of retail space on the first floor opposite Dirk supermarket. Trekpleister expects to open its doors in festive style in December, at the same time as Dirk.