Extension of fund financing and lease for Yugoslavia Tribunal
PingProperties has extended the existing finance for the Trophy fund I. This finance has been arranged with FGH Bank and has been extended on a long-term basis. The Trophy fund I consists of a single, nationally listed building located in the International Zone of The Hague at Churchillplein 1. It has housed the International Criminal Tribunal for the former Yugoslavia (The Yugoslavia Tribunal, or ICTY) since 1994.
The Yugoslavia Tribunal has renewed the lease of approx. 20,000 m² lfa of office space and 398 parking spaces for the long term. The Yugoslavia Tribunal is an international court where persons who have been charged with violating international humanitarian law in the territory of the former Yugoslavia are brought to trial.
The Hague is renowned around the world as the International City of Peace and Justice. Most international institutions in The Hague are located in the International Zone, an area behind the first row of dunes along the entire breadth of the city. The Zone extends from Kijkduin, through the central area of The Hague World Forum (where the Yugoslavia Tribunal is located) to the Alexander barracks. Crossing the Zone are the connecting roads to the city centre, the coastal zone and the A4/A12 motorways.
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.