PingProperties acquires Blauwhoed head office
02-08-2019
PingProperties and Blauwhoed have reached agreement regarding the acquisition and completion of Blauwhoed’s head office at 80 Lichtenauerlaan on Rotterdam’s Brainpark II business park. As part of the multi-year sale-and-leaseback arrangement, Blauwhoed will be leasing back the building, which comprises 3,340 square metres of office space. PingProperties intends to make significant improvements to the building in terms of sustainability and air conditioning and is also looking to optimise rental conditions. This agreement is consistent with its goal of entering into long-term relationships with assets that exhibit high value potential.
The acquisition coincides with the full redevelopment of the adjacent Brainpark I business park in Capelle aan den IJssel, as well as serving to complement the existing Rotterdam property portfolio, which currently consists of the Eudokiaplein shopping centre and several light industrial and leisure units. The development perfectly reflects the versatility of the ascendant Rotterdam property economy, with PingProperties underscoring its confidence in Rotterdam as a growth market for commercial property.
About Brainpark II
A small-scale, attractively designed office park developed by Blauwhoed in 1999, the Brainpark II office park comprises 12 well-appointed office buildings, all constructed in the same architectural style along a green strip. The spacious plot of land on which the property is located features ample greenery and a large number of parking spaces. The site is easily accessible due to being located directly on the A16 motorway (Rotterdam/Breda/Antwerp) and the proximity of the Kralingszoom metro station. The building itself is clearly visible from the A16 motorway.
About Blauwhoed
A trendsetting property development company, Blauwhoed specialises in the development, redevelopment, sale and construction of residential and commercial property. They are involved in a variety of projects, conversions, concepts developed in-house and other initiatives in locations in and around the Randstad conurbation. The head office is based on Rotterdam’s Lichtenauerlaan.
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