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
22-04-2024
PingProperties starts energy management pilot for its hotel ibis Styles Amsterdam Airport
PingProperties has started a pilot to optimize the energy consumption of its hotel ibis Styles Amsterdam Airport to achieve Paris Proof by 2040.
15-04-2024
PingProperties signs new lease with Trekpleister for Stadshart Daily Plaza in Zoetermeer
PingProperties has signed a new long-term lease with ‘Trekpleister’ for Stadshart Daily Plaza covered shopping centre in Zoetermeer. The chemist will lease around 250 m² of retail space on the first floor opposite Dirk supermarket. Trekpleister expects to open its doors in festive style in December, at the same time as Dirk.
08-04-2024
Cascade office complex in Groningen is Paris Proof ready
The Cascade complex, situated at a unique location next to Groningen central railway station, is well on the way to becoming fully Paris Proof. Thanks to sustainable investments in cooperation with PingProperties and its tenant, the Central Government Real Estate Agency, actual energy consumption per m2 has been drastically reduced and the complex will be fully Paris Proof well before 2040, making Cascade ready for a sustainable future.