PingProperties completed first transaction with HCOB
PingProperties has completed a long-term refinancing with Hamburg Commercial Bank AG (HCOB). The refinancing involves an amount of EUR 24 million. It is the first time PingProperties has concluded financing with HCOB.
The refinancing contributes to PingProperties’ strategy to generate long-term stable returns. HCOB, headquartered in Hamburg, is pleased to expand its commitment in neighbouring European countries with this financing. With this financing, which has been established by HCOB within 4 weeks, PingProperties is entering into a new relationship.
About the portfolio
The portfolio was established by PingProperties in 2013 by combining several head offices together. The portfolio consists of several offices at prime locations in the Randstad with a total floor space of more than 22,000 m². All buildings function as headquarters for the tenants.
About Hamburg Commercial Bank (HCOB)
Hamburg Commercial Bank is a German private commercial bank that resolutely looks at things from the perspective of its mostly medium-sized corporate clients. Tailored finance and a high level of structuring expertise including syndications characterizes the bank. . www.hcob-bank.de
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.