PingProperties finalizes two financing arrangements
25-08-2015
Financing of DNV GL Energy
PingProperties has reached agreement with Berlin Hyp on the financing of the redeveloped head office of DNV GL Energy (formerly KEMA) which has been incorporated in the PingProperties Corporate Office fund VIII.
The complex comprises four interconnected buildings with a total lettable floor area of 10,250 m² and 180 accompanying parking spaces, located on freehold land. On the fund’s instructions the building consortium BAM Giesbers has upgraded the complex and significantly improved its sustainability to a BREEAM in use EXCELLENT label and Energy Label A. Over 1,100 m² of solar panels have been installed on the roof and the complex has a thermal energy storage system.
The complex was purchased at the end of 2014 and was delivered in June 2015 after it had been fully refurbished and its sustainability improved. DNV GL Energy is currently moving into its new head office.
Financing of Corporate Office fund V
PingProperties has negotiated a refinancing arrangement with ING for the PingProperties Corporate Office fund V. This fund includes the head offices of PLUS Retail in Utrecht and Towers Watson in Amstelveen, as well as the office of Canon Nederland in Den Bosch. The portfolio consists of high-quality office buildings let on long-term leases with a total of more than 21,000 m² of office space.
In order to take the best possible advantage of the low market rent, an additional facility for the purchase of the head office of Towers Watson and an extension of the existing loan have been included in the refinancing arrangement.
In total more than € 36 million was financed with these two financing arrangements, involving four office buildings.
Go back
News
10-10-2024
PingProperties to start renovating and improving sustainability of De Argonaut and Koploper in Amersfoort
PingProperties is to start renovating and improving the sustainability of the iconic office buildings of De Argonaut and Koploper, situated right next to Amersfoort Intercity Station. The complex, which was purchased early this year, is divided into 2 buildings with a total lettable floor area of 17,080 m2, together with a basement car park for 182 cars. The business plan provides for improving the complex’s sustainability, as well as modernizing the low-rise building and positioning it separately as ‘Koploper’ (www.koploper-amersfoort.nl). The plans have been finalized in recent months and work is now underway.
10-09-2024
PingProperties improves energy performance of Cascade building to A++
PingProperties has recently carried out further sustainability improvements to Building 1, comprising 4,870 m² of office space, in the Cascade complex in Groningen to make it Paris Proof. The renovation work has raised the energy label from A to A++.
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.