PingProperties becomes the sole owner of Churchillplein 1 in The Hague
12-02-2019
PingProperties has recently acquired the 5/8th share in its PingProperties Trophy Fund from one of its strategic investment partners. This means that PingProperties has now become the independent and sole owner of the building at Churchillplein 1 in The Hague, located in the heart of the International Zone in The Hague and home to an international court.
Since purchasing the building in 2008, PingProperties has owned a 3/8th share of this world-renowned building. With the acquisition of the remaining 5/8th, PingProperties is now the sole owner. This transaction illustrates PingProperties’ current strategy of acquiring a larger stake in funds under its own management.
This acquisition will enable PingProperties to undertake a large-scale redevelopment of this unique, city-centre position during the coming years.
Extending the finance
The building has been financed by FGH Bank since 2008. In mid-2018 this financing arrangement passed to RNHB, at which time it was also renewed and increased.
Churchillplein 1 in The Hague
The PingProperties Trophy fund I comprises a single building which houses an international court. This world-renowned and historic building has served since 1994 as an international court for the prosecution of those involved in war crimes and violations of international human rights during the Balkan wars in the 1990s.
The Hague is recognized around the world as the international city of peace, being home to around 131 international institutions and organizations with more than 14,000 employees. The Hague is therefore an important city for international organizations. Most of these organizations are found in the International Zone. Churchillplein 1 is centrally located in this zone, immediately adjacent to the International Criminal Court (ICC), the International Court of Justice, Eurojust, Europol, the Organisation for the Prohibition of Chemical Weapons (OPCW) and the European Patent Office. Main roads pass through the Zone to the city centre, the coast and the A4, A12 and A13 motorways, with good connections to Rotterdam, Utrecht and Amsterdam.
News
07-04-2025
PingProperties welcomes TNO to Dutch Tech Campus in Zoetermeer
PingProperties has signed a long-term lease with TNO, the organization for applied science and technology, for Dutch Tech Campus (DTC) in Zoetermeer. This lease is for a total of 2,419 m2 LFA of business space and 6 parking spaces at Werner Von Siemensstraat 17 (building C3).
11-03-2025
PingProperties lets vacant units in the Koploper in Amersfoort
In February PingProperties renewed and added extra office space to long-term leases with three tenants in the Koploper building, located at Stationsplein 89 in Amersfoort. The tenants are Stichting Toegepast Onderzoek Waterbeheer (STOWA), Alzheimer Nederland and Trans Link Systems.
03-03-2025
PingProperties sells BOB Autowas in Rotterdam IJsselmonde
PingProperties has successfully sold the branch of BOB Autowas Rotterdam IJsselmonde, part of its light industrial portfolio. This strategically placed site is located on the Cornelisland business park in Ridderkerk, right next to the intersection of the A15 and A16 which makes it extremely accessible and highly visible.