PingProperties concludes financing agreement for Blauwhoed Head Office in Rotterdam
PingProperties has concluded a financing agreement with RNHB for the head office of project developer Blauwhoed at Lichtenauerlaan 80 in Rotterdam. PingProperties acquired the Blauwhoed building in August this year on behalf of one of its investors by means of a long-term sale-and-leaseback arrangement. The building was acquired in an all-equity deal. During the coming months PingProperties expects to let the last vacant space in the building, bringing the business plan further to completion.
Earlier, in mid-2018, RNHB financed for PingProperties the building at Churchillplein 1 in The Hague, which is used by the International Court of Justice.
About the building
The office building, part of which accommodates project developer Blauwhoed’s head office, is at the entrance to the Brainpark II office park in Rotterdam. The park, which was developed by Blauwhoed itself in 1999, comprises twelve prestigious office buildings and is located along a tree-lined avenue. The generously sized plot is landscaped with plenty of green space and an ample number of parking spaces. The location is characterized by its excellent accessibility thanks to its position directly alongside the A16 motorway (Rotterdam/Breda/Antwerp) and the proximity of Kralingse Zoom metro station. The building itself is clearly visible from the A16.
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.
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.