PingProperties extends lease with UWV for Cascade complex
PingProperties has recently extended the lease with the Employee Insurance Agency, better known as the UWV, for the Cascade complex at Cascadeplein 1 in Groningen. This now brings the total floor area let to the UWV to 4,862 sqm.
The UWV has been a major and permanent lessee of the Cascade complex in Groningen for many years. It recently announced its wish to expand in the region and settled on the location in Groningen. This prime location is operated with several government related lessees (Central Government Real Estate Agency (RVB), the UWV and the Land Registry) on long-term leases. PingProperties Corporate Office fund IV now owns seven of the nine Cascade buildings. The entire Cascade complex is made sustainable to achieve Energy Label A.
The Cascade complex is situated at a unique location adjacent to Groningen Central Station. The complex is the largest multi-tenant government building in the Netherlands and accommodates 17 different government agencies. PingProperties Corporate Office fund IV has a large part of the Cascade complex in its portfolio. The first part was purchased in 2011, and in the years that followed, the other buildings were purchased in two transactions, so that almost the entire complex is now owned by the fund.
PingProperties extends lease with Gall & Gall in Carnisse Veste shopping centre in Barendrecht
PingProperties has recently extended the lease with Gall & Gall (Ahold) for the long term. The lease is for approximately 223 m² of retail space on the ground floor of the covered arcade at Van Beuningenhaven 9.
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.
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.