Sale PingProperties Office fund II portfolio to Archon
23-12-2014
PingProperties has transferred its multi-tenant portfolio PingProperties Office fund II (Omega Properties C.V.) to Hummingbird B.V. Hummingbird B.V. is part of Archon Group, a global investment organization and subsidiary of Goldman Sachs. The sale involves 24 office buildings distributed throughout the Netherlands.
The sale of this portfolio is in keeping with Ping Properties’ changing growth strategy, focusing on single-tenant assets with long-term leases to corporate organizations. PingProperties and its investors have decided to focus more on cash flow management with corporate assets. PingProperties aims to strengthen these positions through high-quality management of critical mass in its corporate assets, while achieving solid cash returns and a healthy growth in value.
PingProperties now has seven Corporate Office funds and will add three new corporate funds to the portfolio in early 2015. The total value of the portfolio of PingProperties will be approximately € 700 million in early 2015.
Go back
News
23-12-2024
PingProperties starts building work at Carnisse Veste in Barendrecht
Following an intensive preparation of the redevelopment plans for Carnisse Veste shopping centre, last week PingProperties received the final permits from the municipality and so the revitalization of the shopping centre can now get underway.
20-12-2024
PingProperties completes 1st construction phase of Stadshart Daily Plaza in Zoetermeer!
The covered shopping arcade of Stadshart Zoetermeer has undergone a total metamorphosis! Around 13,000 m² has been redeveloped as the daily convenience centre named ‘Stadshart Daily Plaza’.
18-12-2024
PingProperties signs long-term lease with Jan van Goyen Medical Center for De Lairesse office building in Amsterdam Oud-Zuid
PingProperties recently signed a 20-year lease with the Jan van Goyen Medical Center (100% subsidiary of the OLVG hospital) for the ‘De Lairesse’ building in Amsterdam Oud-Zuid. Together with the Valerius building, De Lairesse forms a nationally listed building prominently located on the corner of the well-known De Lairessestraat and Valeriusplein in Amsterdam Oud-Zuid.