White Estate Investments concludes deal Penta portfolio
19-02-2008
On 19 February 2008 White Rock Investments III took over the Penta portfolio from the English fund Cambridge Place Investments Ltd. As asset manager of White Rock Investments III, White Estate Investments was responsible for this acquisition. The total investment amounted to 68 million euros. The final sales contract was signed at the end of 2007.
The portfolio comprises 4 properties: a shopping centre with offices in Rotterdam; an office building in Capelle aan den IJssel (let on a short-term lease to KPN); a large office building with a lettable floor area of 11,000 sqm located in the centre of Utrecht which is let to the municipality and to the Government Buildings Agency, as well as a fine office buildilng in the Port of Rotterdam let on a long-term lease to the Port Authority. The total lettable floor area of this portfolio is approx. 31,915 sqm, together with some 537 parking spaces.
The portfolio was sold by private tender. In this transaction Jones Lang Lasalle acted as the adviser to Cambridge Place and Savills advised White Estate Investments.
White Rock Investments III, a 100% subsidiary of White Lane Holding, is an initiative of an investment consortium affiliated to White Estate Investments with value creation as its object.
News
22-04-2024
PingProperties starts energy management pilot for its hotel ibis Styles Amsterdam Airport
PingProperties has started a pilot to optimize the energy consumption of its hotel ibis Styles Amsterdam Airport to achieve Paris Proof by 2040.
15-04-2024
PingProperties signs new lease with Trekpleister for Stadshart Daily Plaza in Zoetermeer
PingProperties has signed a new long-term lease with ‘Trekpleister’ for Stadshart Daily Plaza covered shopping centre in Zoetermeer. The chemist will lease around 250 m² of retail space on the first floor opposite Dirk supermarket. Trekpleister expects to open its doors in festive style in December, at the same time as Dirk.
08-04-2024
Cascade office complex in Groningen is Paris Proof ready
The Cascade complex, situated at a unique location next to Groningen central railway station, is well on the way to becoming fully Paris Proof. Thanks to sustainable investments in cooperation with PingProperties and its tenant, the Central Government Real Estate Agency, actual energy consumption per m2 has been drastically reduced and the complex will be fully Paris Proof well before 2040, making Cascade ready for a sustainable future.