Change to share structure the first step in area development process for Dutch Tech Campus, Zoetermeer
18-02-2020
PingProperties has changed the share structure of the fund for Dutch Tech Campus, Zoetermeer. The change means that shareholder PingInvestors is increasing its interest as investor and Time Equities is joining as a new investor. The shares have been acquired from two withdrawing investment partners, so that each investor now has a 50% interest.
Area development
These financially strong partners make it possible to continue implementing the business plan. Some 21 million euros will be invested in the campus during the coming years and will be used to build a high-quality logistics centre, make the existing buildings more sustainable, and improve the public areas and grounds. These investments are entirely in line with PingProperties’ current vision to create a lasting difference by adding sustainable value to existing commercial property and the spatial environment.
Dutch Innovation Park
Running parallel to the investments being made by the fund is the investment plan of the Municipality of Zoetermeer, which wants to invest heavily in the area as a whole: the Dutch Innovation Park. An area where innovation is brought about, education and the business community work together for a better future, and an innovative and sustainable economy is created.
About Dutch Tech Campus, Zoetermeer
Dutch Tech Campus is a campus located on the former Siemens complex in the heart of the Randstad, in the municipality of Zoetermeer. All kinds of national and international businesses in smart technology, ICT and logistics connect with each other on this site. Current and new lessees can share knowledge and work together to create an inspiring working environment with mutual synergy effects. The complex covers an area of 13 hectares with ten buildings named after Dutch inventors. Offices, high-quality business space and production space, with a total floor area of approx. 42,000 m2 LFA, make up the campus. The site is still undergoing extensive development.
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