PingProperties and RVB sign lease extension for 25,700 m2 in Groningen
PingProperties and the Central Government Real Estate Agency (Rijksvastgoedbedrijf – RVB) have signed extensions to three leases for several buildings at Cascadeplein 2-10 and Emmasingel 1 in Groningen. The total lettable floor area occupied by the RVB is more than 25,700 m2 and comes with 213 parking spaces. By extending the leases, the RVB continues to commit itself to the location for the long term. The Cascade complex is situated next to the Central Station and is the best office location in Groningen.
Refurbishment and sustainability improvements
The good understanding with the lessee has resulted in a long-term business relationship, to which both the RVB and PingProperties continue to contribute for their mutual benefit. At present, part of the office complex is undergoing a large-scale refurbishment for the RVB. The entrances to the various buildings and rooms for the Child Care and Protection Board and DUO are being upgraded and a central Government Meeting Centre is being created for joint use. PingProperties is also having all the lighting in the buildings replaced by energy-saving LED lighting. With the rollout of the sustainability plan, the buildings will be further improved this year to achieve energy label A. This is perfectly in keeping with PingProperties’ sustainability ambitions to achieve energy label A for 95% of its office properties by mid-2020. It will also deliver substantial savings for the RVB.
Cascade complex is the largest multi-tenant government building in the Netherlands
The Cascade complex was built in the period from 1994 to 1996 for the Dutch Government. It is the largest multi-tenant government building in the Netherlands and accommodates around 17 different government agencies, including the Child Care and Protection Board (Raad voor de Kinderbescherming), the Education Executive Agency (DUO), the Groningen Archives and the Radiocommunications Agency Netherlands (Agentschap Telecom – AT). The Cascade complex is situated right next to Groningen Central Station and has its own separate access to the platform. This location makes it excellently suited for government-affiliated organizations.
Ibis Styles Amsterdam Airport celebrates a 3-year anniversary!
The ibis Styles Amsterdam Airport celebrates its 3 year anniversary! The 143-room lifestyle hotel was created in 2016 from the redevelopment of the former office building of the Immigration and Naturalization Service (IND). Since then, PingProperties, together with the enthusiastic hotel team, has successfully carried out day-to-day management.
PingProperties concludes financing agreement for Blauwhoed Head Office in Rotterdam
PingProperties has concluded a financing agreement with RNHB for the head office of project developer Blauwhoed at Lichtenauerlaan 80 in Rotterdam. PingProperties acquired the Blauwhoed building in August this year on behalf of one of its investors by means of a long-term sale-and-leaseback arrangement. The building was acquired in an all-equity deal. During the coming months PingProperties expects to let the last vacant space in the building, bringing the business plan further to completion.
PingProperties purchases head office of drinking water company Dunea Zoetermeer
PingProperties is adding to its property portfolio with the purchase of the head office of the drinking water company Dunea in Zoetermeer. The purchase was made for the recently launched PingProperties Corporate Office fund XII and is in keeping with PingProperties’ vision to establish connections in the long term with high-potential assets. PingProperties attracted new finance from NIBC for this purchase.