PingProperties reaches refinancing agreement
21-12-2012
PingProperties has achieved a refinancing for the PingProperties Corporate Office fund I. The finance has been arranged with Berlin-Hannoversche Hypothekenbank AG and has been extended for five years, with a duration until December 2017.
PingProperties Corporate Office fund I has two high-quality office buildings in its portfolio with a total lettable floor area of 23,031 sqm.
The office building at the H. J. Nederhorststraat 1 in Gouda is long-term and fully leased to BAM Civiel, part of the Royal BAM Group, a stable tenant who is linked to the location historically (since 1871). Jacobsweerd, the other office building of the portfolio is located in the center of Utrecht at the St. Jacobsstraat 200-499. Jacobsweerd is fully let to various government-related triple A institutions, so the risk of default is minimal.
Both buildings are well maintained and regularly renovated. The buildings are therefore in very good condition and have excellent parking facilities. Further upgrading is currently taking place in both buildings.
News
26-09-2023
RVB renews lease and expands in the Cascade complex in Groningen
PingProperties has concluded a lease with the Central Government Real Estate Agency (Rijksvastgoedbedrijf – RVB) for approx. 13,500 m² in the Cascade complex in Groningen. Besides the complex’s central location near the station and its architectural and structural quality, the sustainability improvements are a major reason for the RVB to commit itself to the complex for the longer term. The renewed lease is for approx. 8,600 m2 of office space and 70 parking spaces at Cascadeplein 8-10, with the addition of approx. 4,870 m2 of office space and 69 parking spaces at Cascadeplein 1-3. This means that the Cascade complex is now fully let.
11-08-2023
PingProperties concludes new lease with food retailer Eat Kip for Passage Schiedam shopping centre
PingProperties recently concluded a 5-year lease with food retailer Eat Kip for approx. 200 m² GFA in Passage Schiedam shopping centre. Eat Kip’s business will be at a prominent location in the unit directly next to the entrance from Broersvest.
24-07-2023
PingProperties concludes agreement with Schiphol Commercial for the expansion of ibis Styles Amsterdam Airport hotel
PingProperties is concluding an agreement with Schiphol Commercial for an allocation under a ground lease to expand its ibis Styles Amsterdam Airport (ISAA) hotel at Piet Guilonardweg 3 in Schiphol Oost. It concerns a ground lease for approx. 4,000 m2 LFA which will enable the hotel to add around 127 extra guest rooms, bringing the total to 270 rooms once the extension has been completed. Planning permission has been submitted to the Municipality of Haarlemmermeer for its assessment. PingProperties expects to complete the hotel extension in mid-2025.