PingProperties renews lease with Burger King until 2034
PingProperties recently renewed the lease with Burger King Restaurants B.V. by 7.5 years for the Burger King restaurant at ’s-Gravelandseweg in Schiedam. The lease will continue until 2034 and is for a lettable floor area of 620 m2.
At the same time, Burger King has invested heavily in the location by completely refurbishing the interior in line with its new concept. The exterior has also been refreshed in cooperation with PingProperties. This work, as well as replacing all the lighting with LED, has significantly improved the building’s sustainability. By renewing the lease, Burger King has committed itself for the long term to this rapidly developing area in Schiedam.
About Burger King
Burger King is an international chain of fast food restaurants. The first BURGER KING® restaurant was opened in 1954 in Miami, Florida, and in 1957 the Whopper made its entrance in the United States. Burger King has been established in Europe since 1975 and today some 2.1 billion Whoppers are sold each year. Since 2010 Burger King has been part of 3G Capital, an international financial group that focuses on long-term, sustainable growth. There are now more than sixty Burger King outlets in the Netherlands. The company has robust growth ambitions and is constantly seeking suitable locations to open new Burger King restaurants, both in existing buildings in city and town centres and in new developments outside these centres.
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.