PingProperties sells Jacobsweerd to W. P. Carey
PingProperties has sold the Jacobsweerd office building in Utrecht to CPA 18, a REIT managed by W. P. Carey.
Jacobsweerd is located at Sint Jacobsstraat 300 in Utrecht and has a total lettable floor area of 14,387 m² of office space and 203 parking spaces. The Chamber of Commerce moved into the building a few months ago, joining existing lessees the RVB (Central Government Real Estate Agency), BKWI (Netherlands Bureau for Information Exchange within the Work and Income Sector) and IB (Benefits Intelligence Agency). The building was renovated and its sustainability improved for the Chamber of Commerce, so that it now boasts an energy label A.
Corporate Office fund I
Jacobsweerd was formerly part of the PingProperties Corporate Office fund I. Following the sale of Jacobsweerd, all that remains in the fund is the ownership of BAM Infra Nederland’s head office in Gouda. This single-tenant building, which is leased for the long term to a strong debtor, guarantees the extremely stable continuation of the fund.
RVB renews lease and expands in the Cascade complex in Groningen
PingProperties has concluded a lease with the Central Government Real Estate Agency (Rijksvastgoedbedrijf – RVB) for approx. 13,500 m² in the Cascade complex in Groningen. Besides the complex’s central location near the station and its architectural and structural quality, the sustainability improvements are a major reason for the RVB to commit itself to the complex for the longer term. The renewed lease is for approx. 8,600 m2 of office space and 70 parking spaces at Cascadeplein 8-10, with the addition of approx. 4,870 m2 of office space and 69 parking spaces at Cascadeplein 1-3. This means that the Cascade complex is now fully let.
PingProperties concludes new lease with food retailer Eat Kip for Passage Schiedam shopping centre
PingProperties recently concluded a 5-year lease with food retailer Eat Kip for approx. 200 m² GFA in Passage Schiedam shopping centre. Eat Kip’s business will be at a prominent location in the unit directly next to the entrance from Broersvest.
PingProperties concludes agreement with Schiphol Commercial for the expansion of ibis Styles Amsterdam Airport hotel
PingProperties is concluding an agreement with Schiphol Commercial for an allocation under a ground lease to expand its ibis Styles Amsterdam Airport (ISAA) hotel at Piet Guilonardweg 3 in Schiphol Oost. It concerns a ground lease for approx. 4,000 m2 LFA which will enable the hotel to add around 127 extra guest rooms, bringing the total to 270 rooms once the extension has been completed. Planning permission has been submitted to the Municipality of Haarlemmermeer for its assessment. PingProperties expects to complete the hotel extension in mid-2025.