PingProperties concludes new financing arrangement with Berlin Hyp for the Cascade complex in Groningen
05-01-2016
PingProperties has finalized a new financing arrangement with Berlin Hyp for the PingProperties Corporate Office fund IV amounting to € 32 million. This fund incorporates the Cascade complex in Groningen, comprising a total of 34,187 m² of office space and 341 parking spaces. Finance has been arranged for 3 years, the term expiring in December 2018. This means that the previous finance with FGH Bank has been repaid.
The office complex
The Cascade complex is situated at a unique location in the centre of Groningen, directly opposite the central station. The complex is characterized by its government-related lessees, which have been accommodated here since the complex was built in 1997-2000, as well as the excellent quality of the buildings. These government agencies have taken out long-term leases for the buildings. PingProperties Corporate Office fund IV (started in 2011) now owns seven of the nine Cascade buildings.
News
18-06-2025
PingProperties and Lithos sign LOI with Stedelink for sale of residential tower block development in in Stadshart Zoetermeer
Today the Provada was the backdrop to the signing of a letter of intent by Lithos and PingProperties with Stedelink housing association. The letter of intent is for the sale of the new residential tower block development on Duitslandlaan in Zoetermeer city centre. Stedelink will develop the tower block by means of separate purchase and construction agreements. The building marks an important step in the transformation of the heart of Zoetermeer into a lively and future-proof city centre.
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PingProperties acquires Metropool complex in Amsterdam city centre
On behalf of the PingProperties Trophy Fund II, PingProperties has acquired the Metropool complex in the centre of Amsterdam from Aberdeen Investments. The multifunctional building, with a lettable floor area of around 14,500 m², offers a mix of office, hotel and retail space.
26-05-2025
PingProperties signs long-term lease with KH Engineering and Smart AIS for S-DOCK in Schiedam
PingProperties has concluded another new lease for its S-DOCK office building in Schiedam: KH Engineering B.V. and Smart Asset Integrity Solutions B.V., both part of the KH Group, have signed a long-term lease for around 2,289 m² of office space and 46 parking spaces.