Extension of fund financing and lease for Yugoslavia Tribunal

19-10-2012

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.

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