PingProperties extends lease with UWV for Cascade complex
30-04-2020
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.
Cascade complex
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.
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.