PingProperties concludes financing agreement for Blauwhoed Head Office in Rotterdam

11-11-2019

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.