PingProperties leases Varsseveldseweg 113 in Doetinchem to KARWEI
08-07-2010
KARWEI (Van Neerbos Bouwmarkten B.V.) has concluded a 12-year lease for 2,410 sqm business space on Varsseveldseweg 113, Doetinchem.
The leased property forms part of White Lane Investments II B.V., which is managed by PingProperties. The building on Varsseveldseweg in Doetinchem is one of three in this company’s portfolio. The buildings have been fully let under long-term leases. While intended for retail use, the building has a unique location in a residential district and has generous parking facilities.
Van Neerbos Bouwmarkten B.V. is a KARWEI franchisee and currently runs 36 KARWEI DIY stores in the Netherlands, including KARWEI Doetinchem.
Located in Reeuwijk, Van Neerbos’ head office provides the retail outlets with support services. With a labour force numbering 5,000, the company is changing fast, largely in response to expansion and internal restructuring.
With a presence across the entire country KARWEI is one of the Netherlands’ top three chains of DIY stores, with the fastest rate of growth. It offers a broad range of some 18,000 items to the thousands of customers who visit its stores every day.
PingProperties is an investment management organization which structures office funds by combining its expertise in the market with its financial engineering skills and promoting these via a unique network of national and international strategic investment partners. The PingProperties funds are characterized by their success at achieving above average returns, whilst retaining direct control of the funds’ result by managing all its aspects (investment, fund and asset).
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