PingProperties launches PingProperties Office fund IV
30-07-2010
Following the recently established Tango Properties fund, PingProperties is today again launching a new fund, called PingProperties Office fund IV.
For the time being, PingProperties Office fund IV contains one high-quality office building, the sales contract for which will be signed today. It concerns an office building with a floor area of approx. 15,650 sqm, located at Herikerbergweg 120 in Amsterdam -Zuidoost.
The elegant building was designed by Joost Valk Architectuur and ZZDP Architecten and is situated at a high-profile location. It has, however, remained unlet since its completion in 2009. Ping Properties was approached to take the building over, in view of the success of the almost adjacent Atlas ArenA Amsterdam office complex. The idea to make this building a success following that of Atlas ArenA Amsterdam was met with great enthusiasm.
In the meantime several serious prospective lessees have come forward, attracted by the excellent accessibility of the building by public and private transport and the diversity of adjacent facilities. Amsterdam ArenA, Heineken Music Hall, Pathé Cinema and Woonmall Villa ArenA are within walking distance.
PingProperties Office fund IV is the latest in a series of funds, which include PingProperties Office fund II and the PingProperties Corporate Office fund I. Participation in one of the funds is of an exclusive nature.
PingProperties is an investment management organization structuring office funds through maximum market know-how and financial engineering, in which a specific network of national and international strategic investment partners participate. The funds which PingProperties has under its management are characterized by above-average yields, whilst retaining direct control of the funds’ results by managing all its aspects (investment, fund and assets).
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