Primevest Capital Partners and T-Mobile Extend Super-Fast Internet to another 45,000 Households in Rotterdam in Third Dutch City Deal

Rotterdam has become the third large city in the Netherlands where telecoms provider T-Mobile and Smart Cities investor Primevest Capital Partners are teaming up to offer 45,000 households access to super-fast Internet services by the end of 2021.

This will bring the total number of Dutch households that T-Mobile is connecting with superfast Internet connections via Primevest’s fibre-optic networks to 130,000 next year, following similar deals by the consortium in the past 18 months in The Hague and Eindhoven. The networks in Rotterdam will be built by partners Van Gelder Telecom and VolkerWessels Telecom.

Under the latest deal, the Primevest Communication Infrastructure Fund (PCIF) has reached agreement in principle with local network builder L2Fiber to take over its existing network in the Rotterdam district of Kralingen and to double its reach to approximately 15,000 households. As PCIF’s main client, T-Mobile will lease the fibre-optic network from the fund to offer superfast Internet services and open it up to other providers. In addition, Primevest and T-Mobile will start rolling out a new fibre-optic network in the Rotterdam district of IJsselmonde.

The Covid-19 crisis has clearly shown that the winning cities of the future will be those with the best Internet infrastructure that allows their digitalised economies to stay a step ahead of the rest, Barbara Kathmann, Rotterdam Municipality’s Alderman for Economic Affairs, said: “An Internet connection has become a basic need at home, as self-evident as water or electricity. Residents of Rotterdam must be able to count on fast, safe and reliable connections and a wide choice of Internet services. During the Covid-19 lockdowns, a good Internet connection has become crucial for everybody in Rotterdam who has had to work from home, as well as for the healthcare sector and businesses and retailers who offer their products online. I am delighted that the T-Mobile and Primevest Capital Partners consortium is allowing more Rotterdam households and entrepreneurs to benefit from superfast Internet. This deal brings us closer to our goal to connect all of Rotterdam to a fibre-optic network within the next five years. In Kralingen, the consortium is also providing a great solution in terms of completing the project started by L2Fiber in 2018.”

The deal to take over and extend Rotterdam’s fibre-optic network will enable T-Mobile to offer local resident access to the internet at speeds of up to 1 Gigabit per second (Gbps) at the lowest possible price. T-Mobile customers that already have an Unlimited T-Mobile mobile subscription will pay only €25 per month for super-fast Internet at home. The first users in Rotterdam will be connected in the spring of 2021. Van Gelder Telecom and VolkerWessels Telecom will construct the fibre-optic networks in Rotterdam for PCIF and be responsible for the long-term maintenance. The companies make use of an innovative installation method in which cables are laid up to five times faster than standard techniques thereby causing less inconvenience in the local environment.

PCIF has invested nearly €100 million from long-term pension fund and insurer institutional investors and has a further €50 million of investments currently under construction. PCIF is targeting additional equity commitments in the coming period for institutional investors. The fund invests in communication infrastructure, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management of between €500 to €600 million with 70% invested in fibre optic networks and 30% in traffic aggregation points and data centres.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

Primevest Communication Infrastructure Fund signs second ‘Fiber to the Curb’ contract in Wetterau, taking investment volume to over €80 million

The Primevest Communication Infrastructure Fund “PCIF” has secured its second Fiber to the Curb (FttC) supply contract in the Wetterau region of Hessen, taking its total investment volume to over €80 million following a first FttC deal in Leichlingen announced in August.

PCIF will finance the upgrading of the FttC telecommunications network in Wetterau, to the north of Frankfurt, in partnership with high-speed Internet provider YPlaY Germany GMb “YPlay”. The Fund is managed by Dutch-German ‘Smart City’ investment manager Primevest Capital Partners.

PCIF invests in critical telecommunications infrastructure, which it leases to multiple operating partners, including Vodafone and now YPlay in Germany and T-Mobile in the Netherlands. The Fund has committed to financing the replacement of the existing copper cables with optical fibre for the communities in and around Wetterau, upgrading this to a full Fibre to the Home “FttH” network, dependent upon sufficient consumer demand.

Despite its position as Europe’s largest economy, Germany lags behind in the provision of modern telecommunications infrastructure, with below 5.0% of households able to access the latest generation of superfast broadband services through FttH networks. It is estimated that between €70 billion to €80 billion of investment is required to upgrade all German municipalities to FttH, which in turn provides institutional investors with an enormous opportunity to participate in the ‘Smart City’ infrastructural investment of the future.

Klaus Leckelt, Project Manager at Primevest Capital Partners, said: “In an era where home working and home internet use for e-commerce and leisure activities is increasing exponentially, PCIF provides the necessary capital that allows people access to the high-performance fiber optic networks that are becoming a basic necessity of life. This ‘future-proofed’ telecommunications infrastructure ensures that consistent bandwidth and quality of services can be delivered to customers across the board.”

Yplay’s existing fiber optic network will be accessible to Wetterau households once the existing copper cable connections have been replaced, with FttC migrated to an FttH network over the next few years. The new FttH connections are being built by HessenKom GmbH & Co. KG (HessenKom) and will be leased by PCIF to YplaY. The first customers in the Altenstadt district will be migrated to the new FttH connections shortly with other areas already under development.

Peer Kohlstetter, Managing Director of HessenKom and YPlay, said: “This agreement creates a solid foundation for high-speed and reliable broadband coverage for our customers. With PCIF’s investment we are able to take over the existing network and enable the expansion of future-proof broadband connections without needing to invest our own financial resources in the network expansion and construction. This cooperation in Hessen means we are leading the way in the migration of existing FttC infrastructure to the next generation of fiber optic cables.”

PCIF will be investing a further €50 million in new fiber optic networks in other areas of Germany in the near future, including areas around Altenstadt, Lower Saxony, Baden-Württemberg and North Rhine-Westphalia.

Klaus Leckelt, Project Manager at Primevest Capital Partners, concluded: “Our buy-and-build strategy supports local operating partners and municipalities in achieving sustainable growth through the responsible deployment of the capital of our institutional investors, such as insurers and pension funds.”
Primevest will coordinate both current and future network expansions and upgrades to ensure that the infrastructure is optimally tailored to the needs of the operator.

Founded in 2017, PCIF, provides residents and businesses in cities access to high-speed broadband connections. The Fund has a target investment volume of €600 million and is open to new institutional investors until the second quarter of 2021. Its focus is on passive communication infrastructure, such as fiber optic networks, cell phone towers and data centres which are needed to meet the increasing demand for broadband and to enable smart cities. PCIF works closely with telecommunications and cable operators, municipalities and other stakeholders and offers investors stable cash flow based on long-term leases with network operators.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. Due to its extensive industry knowledge with a focus on specialised investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of € 1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

Primevest Communication Infrastructure Fund Seals First ‘Fibre to the Curb’ German Municipality Deal with Leichlingen, Investments Rise to €75 million

The Primevest Communication Infrastructure Fund (PCIF) has acquired the ‘fibre to the curb’ (FttC) network in the northwest German town of Leichlingen, close to Cologne, to deploy high speed optical connections.

This is the first such deal with a municipality in Germany, for Primevest Capital Partners which manages PCIF and enables ‘Smart City’ investments in markets across Europe.

PCIF invests in critical telecommuncations infrastructure, which it leases to multiple operating partners, including Vodafone in Germany and T-Mobile in the Netherlands. The Fund has committed to further invest in upgrading Leichlingen to a full FttH network, replacing the last mile of existing copper cables by optical fibre to bring the fibre to the home upon sufficient consumer’s demand.

PCIF’s total investments have risen to €75 million, after the inclusion of the Leichlingen agreement, and the Fund has a further €50 million in outstanding commitments to invest in new projects which are being constructed.

Klaus Leckelt, project manager at Primevest Capital Partners, said: “Germany is Europe’s economic powerhouse, but it lags behind other major economies in the provision of critical communications infrastructure that is required to underpin the growing demand for online commerce, home working and information access. Forward-thinking municipalities such as Leichlingen realise that they have to plug these gaps in their utility, or Stadtwerke, services and become technology-led ‘Smart Cities’ to preserve the prosperity of the local economy for businesses and residents.”

Leckelt added: “Primevest’s buy-and-build strategy supports local Stadtwerke and our telecom operating partners, because our investment interests are aligned in promoting the sustainable growth of these cities. We are a Dutch-German company, backed by responsible institutional investors such as pension funds, which focus on sustainable long-term returns and partnerships.”

The new FttH links will be built by GFS and leased by PCIF to its telecom operating partners, which include Novanetz and NetCologne. The first customers in the Witzhelden district already have a FttH connection and new areas are under development, including Wolfstall, Herscheid, Orth and Krähwinkel. The next phase for Kuhle, Bern and Hölverscheid, will follow before the end of 2020 and then the inner city areas of Leichlingen.

Primevest will coordinate both short-term and future network expansions and upgrades to ensure the infrastructure is optimized for the needs of its telecom operating partners.

Frank Steffes, Mayor of Leichlingen, said: “This agreement creates a solid base for Leichlingen’s Internet broadband coverage. By selling the existing network, we are facilitating the expansion of future-proof broadband connections without burdening the city’s own financial resources. This deal makes us one of the pioneers in the delivery of the latest generation of fibre-optic cables in North Rhine-Westphalia.”

The Primevest Communication Infrastructure Fund was established in 2017 and is backed by German institutional investor capital. It provides residents and businesses in cities access to high-speed broadband, which is now a basic necessity of life. The fund has a target investment volume of €600 million and is open to new investors until Q2 2021. Its focus is on passive communication infrastructure such as fibre-access networks, mobile towers and data centres, to meet the spiraling demand for broadband capacity and to drive the Smart Cities of the future. PCIF works closely together with telecom and cable operators, municipalities and other stakeholders and offers investors a stable cash flow on the basis of long-term lease agreements with network operators.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

Keynote Smart cities by Heimen Visser at Real Estate Future Proof conference

The online conference Real Estate Future Proof took place on Tuesday 30 June. Heimen Visser of Primevest Capital Partners gave a Keynote on the following topic: "Objects in public spaces, homes and office buildings, everything is digitally connected to each other."

The government’s Digital Agenda stimulates the roll-out of fiber optic connections to the 5G mobile internet; all this has an impact on autonomous driving, real-time information exchange, smart parking garages that generate energy and become transit hubs in cities, but also the narrowing of street lights by applying fine dust, temperature and traffic measurement sensors to improve the living and working climate in cities.

Heimen Visser sketches the beginning of a smart future in about 10 minutes.
See the full video here: https://www.youtube.com/watch?v=RqV27wdKinU&feature=youtu.be&t=1410

Primevest is Partner VGM conference “Transformation in the smart city”

On 16 September 2020, Vastgoedmarkt organises the conference "Transformation in the smart city. The road to intelligent construction."

The European Commission outlines a society that stands strong by digital solutions that put people first; give businesses new opportunities and strongly encourage the development of reliable technology. This digital transition is already fully taking place in our cities. Thanks to the available digital infrastructures, we can work from home, have online meetings and follow education online. Municipalities are increasingly using the digital applications too, for example, to make management of public spaces smarter. Residents, companies and organisations are increasingly dependent on the proper functioning of digital infrastructure. The transformation in the smart city is the way to an intelligent construction to tackle social challenges differently. The following themes will be discussed during this congress: smart mobility, the energy transition, integrated area development and digital security.

The urban network of 40 major municipalities (G40) has drawn up a strategic agenda. Here too, the digital transition is essential to realise the ambitions. In this event we will discuss themes from this agenda. We do this with appealing key notes, an expert panel, substantive break-out sessions and a smashing bouncer.

Primevest Capital Partners is Partner of this congress and may offer its relations a discount for this event. Please contact us at Lisette.vanderham@primevestcp.com if you would like to receive the discount code.

Who is this congress for?
Real estate professional, developers, architects, municipal officials (spatial planning directors, municipal secretary, city management), policy advisers and councilors.

For all information see: https://slimmestad.vastgoedmarkt.nl/

Eindhoven to be First Large Dutch City Fully on Super-Fast Internet in Deal with Primevest Capital Partners and T-Mobile

Eindhoven is racing ahead to become the first major urban centre in the Netherlands with city-wide super-fast Internet connections, after an agreement between the municipality and telecoms provider T-Mobile unlocked an investment in the underlying fibre optic network for 29,000 households by ‘Smart Cities’ investor Primevest Capital Partners.

Bas van Dongen, Partner Communication Infrastructure at Primevest Capital Partners, said: “The Covid-19 crisis has clearly shown that the winning cities of the future will be those with the best Internet infrastructure that allows their digitalised economies to stay a step ahead of the rest online. Eindhoven is already renowned as a global academic centre of technological research excellence. The city’s agreement with our client T-Mobile, which will lease the fibre optic network from the Primevest Communication Infrastructure Fund, is to provide superfast Internet service to three districts comprising around a quarter of the population that previously had no access to this next generation broadband service and is a big step in ensuring Eindhoven retains its pole position.”

The three Eindhoven districts of Centrum, Strijp and Gestel will, from August, be able to subscribe to a T-Mobile service providing internet access at a speed of 1 Gigabit per second (Gbps). The Primevest Communication Infrastructure Fund (PCIF) and T-Mobile are targeting the rollout of superfast fibre optic networks to at least 100,000 households in the Netherlands this year, with other cities expected to follow Eindhoven’s lead in achieving full ‘Next Generation’ Internet coverage.

VolkerWessels Telecom will construct the Eindhoven fibre optic network for PCIF and be responsible for maintenance. The company makes use of an innovative installation method in which cables are laid up to five times faster than standard techniques thereby causing less inconvenience in the local environment.

PCIF has around €65 million invested from long term pension fund and insurer institutional investors and a further €50 million of investments under construction. PCIF is targeting additional equity commitments in the coming period for institutional investors, with a minimum of €10 million in participation. The fund invests in communication infrastructure, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management of between €500 to €600 million with 70% invested in fibre optic networks and 30% in traffic aggregation points and data centres.

Stijn Steenbakkers, City of Eindhoven Alderman, said: “I am delighted that the consortium of T-Mobile, Primevest CP and VolkerWessels Telecom will allow even more households in Eindhoven to benefit from fast fibre optics in a short time and with minimal inconvenience. In a few months, Eindhoven will be the first of the five major cities in the Netherlands to have fibre optics throughout the city. This is an important contribution to the continuity of the economy of our city, especially in these times when many people continue to work from home. Another special feature of this collaboration is that these 29,000 households and 1,100 small and medium-sized companies will have access to care services via Breedband Regio Eindhoven.”

BRE – Breedband Regio Eindhoven (Broadband Region Eindhoven), uses economy of scale to allow individual and/or groups of businesses, access to fibre optic infrastructure at competitive prices.

Søren Abildgaard, CEO of T-Mobile, concluded: “I am very proud that we are now providing a second major city in the Netherlands with high-speed internet after The Hague. Through our network we will also realise a link with BRE infrastructure and the Eindhoven Fiber eXchange. This makes it possible to open up a wide range of services to the FttH network, including the Regional Healthcare Infrastructure in Brabant. T-Mobile is also opening up this new network to all competitors on very attractive terms. And, by giving more consumers access to fast internet via fibre, we are following up on the promise we made after the merger with Tele2.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

Primevest attracts financing for fibre optic roll-out in The Hague from ABN AMRO

ABN AMRO and Primevest Capital Partners have agreed on a finance facility for the roll-out of a fibre optic network in Segbroek. With this financing, ABN AMRO is facilitating the roll-out of fibre optic in The Hague and further conversion to fibre optics of the Netherlands in general.

Primevest CP started rolling out fibre optic networks in The Hague in 2019 with T-Mobile and Volker Wessels Telecom (“VWT”). The first cluster in Segbroek was recently completed and the start of the second cluster in The Hague, Loosduinen, was recently announced. Primevest CP’s investment fund, the Primevest Communication Infrastructure Fund (“PCIF”), invests in passive infrastructure. The fund finances investments up to a maximum of 50% with loans and has concluded a finance facility with ABN AMRO for this purpose. It is the intention that the financing will be expanded in the future with the financing of the roll-out of a fibre optic network in the Loosduinen district of The Hague, which Primevest CP, T-Mobile and VWT have recently announced.

Bas van Dongen (Fund Manager PCIF): “We are pleased that a Dutch bank is contributing to the fibre roll-out in the Netherlands in this way. We have actively worked with our partners T-Mobile and VWT to conclude this agreement and this is an important next step in our joint ambition to start more fibre optic projects”.

Bastiaan Haakman (Senior Finance Specialist ABN AMRO) and Matthijs Meinders (Relationship Manager Sector TMT ABN AMRO): “ABN AMRO believes in the future of fibre optics and in the open-access strategy of Primevest CP. By opening networks to all parties at attractive rates, households in the Netherlands that do not yet have access to fast internet via a fibre optic connection can be connected quickly. ABN AMRO is pleased to be able to contribute with this financing to the further conversion to fibre optic networks in the Netherlands”.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

Fiber network in Segbroek completed

Superfast internet available for 32,000 households in The Hague district. The consortium of Primevest Capital Partners, T-Mobile and VolkerWessels Telecom has completed the construction of the fiber-optic network in the Segbroek district of The Hague.

At the end of May, the last piece of a total of 140 kilometers of fiber optic cable was built. More than 32,000 households now have access to superfast internet and several thousands of families are already using it. Because the network is now ready for use, anyone who signs up now can upload and download with superfast speeds within four weeks.

T-Mobile wants more Dutch people to access the internet at a speed of 1 Gigbit per second (Gbps) and that at the lowest possible price. In combination with a T-Mobile Unlimited mobile subscription, customers pay only 25 euros per month for this superfast internet at home. The construction of the network in Segbroek is in line with T-Mobile’s plan to install glass fiber together with partner Primevest Capital Partners in as many locations as possible where this is not yet the case. Primevest Capital Partners invests on behalf of the Primevest Communication Infrastructure Fund (“PCIF”) in the construction of the passive infrastructure, while T-Mobile is responsible for the active layer. T-Mobile also opens this network to all competitors on very attractive terms.

Good start of of T-Mobile’s fiber-roll-out ambition
The consortium of T-Mobile, Primevest and VolkerWessels Telecom has demonstrated in Segbroek that many households in The Hague can benefit from fast fiber optics in a short time and with minimal inconvenience. Use was made of a new innovative construction method, in which 32,000 households were connected to fiber optics in eleven months. That’s certainly important in these times when most people work from home.

CEO Søren Abildgaard of T-Mobile: “The project in Segbroek is a good start for our plan to provide hundreds of thousands of addresses with fiber optic services in the coming years. It is great to see that so many customers are using this offer directly and are enthusiastic about the speed and quality of our fiber optic network.”

Loosduinen
Except in Segbroek, T-Mobile, Primevest and VolkerWessels Telecom are currently installing fiber optics for more than 25,000 households in Loosduinen. More locations will soon be announced where the construction of fiber optics will start.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

Primevest Capital Partners & T-Mobile to deploy fibre network in the residential area Loosduinen in The Hague

More than 25,000 households in The Hague get internet of 1 Gigabit. T-Mobile Netherlands announced, together with Primevest Capital Partners, it will connect 25,000 households to a new fibre network in the residential area Loosduinen, in the city of The Hague.

Preparations will start in June and construction will start in August. The project is in line with T-Mobile’s strategy to connect at least 100,000 households in the Netherlands to fiber optics this year. Construction will be performed by preferred partner VolkerWessels Telecom.

The roll-out is planned for areas where there is no fiber optic at the moment. In this way, the telecom provider gives more Dutch people access to the internet at a speed of at least 1 Gigabit per second (Gbps), at the lowest possible price. In combination with an unlimited mobile subscription, customers pay only 25 euros per month for this super-fast internet at home. The first users will be connected later this year. A special feature of the network in Loosduinen is that half of the connections are meant for rental homes. There is close cooperation with the city of The Hague.

T-Mobile also opens this new network to all competitors on very attractive terms. T-Mobile and Primevest only install optical fiber in places where there is no optical fiber yet. The construction fits with T-Mobile NL’s plan to connect at least 100,000 households in the Netherlands to fibre this year together with partner Primevest Capital Partners.

Great ambition for the coming years
The provider aims to provide fibre services to hundreds of thousands of addresses over the coming years. The two partners have already installed a first fibre network with around 32,000 connections in the Segbroek neighbourhood of The Hague. The unique cooperation between the Netherlands T-Mobile and Primevest Capital Partners enables exploitation of the network at very attractive conditions. The construction in Loosduinen is done by preferred partner VolkerWessels Telecom. An innovative construction method, introduced earlier in Segbroek, which allows construction up to 5 times faster while causing less inconvenience to the surrounding area will be used.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

BNG Bank finances sustainability measures and transition to smarter public lighting by Primevest Capital Partners

Primevest Capital Partners introduces “Smart City Nederland” initiative for Dutch municipalities. Municipalities are receiving support in their sustainability measures and transition to smarter public lighting. BNG Bank is financing these sustainability projects. Municipalities enjoy long-term benefits of the various applications of smart lampposts.

BNG Bank is financing the Smart City initiative of Primevest Capital Partners which supports municipalities in the transition to sustainable and smarter public lighting. The transition to sustainable and smarter lighting is important to achieve the necessary reduction in energy consumption to reach the climate goals (faster). The Smart City Nederland initiative invests in the lampposts, after which the municipality will use public street lighting as a service of Smart City Nederland. How-ever, the lampposts will remain the property of the municipality. This will enable the municipality to make the transition to sustainable and smarter lighting in a much shorter term but spread the associated replacement costs over a longer period. Fur-thermore, in the future lampposts can be used for different purposes, such as imple-menting sensors to measure air quality, regulating traffic flows in the framework of the Environment Act, etc. However, it will soon also be possible to use lampposts for mobile Internet applications (Wi-Fi and 5G), as a charging point for electric cars, as camera surveillance for public order and for security and other “Smart City” applications.

“With Smart City Nederland, Primevest Capital Partners and its partners are supporting municipalities with an integral approach to the transition to sustainable and smarter lighting on the one hand whilst preparing for the implementation of Smart City applications on the other hand,” says Heimen Visser, fund manager of the Smart City Nederland initiative. “In addition, municipalities will also benefit from the added revenue that will be generated by the smarter use of the lamppost. With Smart City Nederland, we are creating a platform which makes it possible to transform public lighting from a cost item to a revenue model for the municipalities, letting them retain control of what happens in their public outdoor space,” Heimen Visser continues.

The Municipality of Renkum is the first municipality to choose to use the Smart City Nederland initiative. Over the coming 2.5 years, around 6,000 lampposts will be replaced in Renkum by sustainable and smarter public lighting in partnership with consortium partners CityTec and Luminext. This will mean that in 2022 the municipality of Renkum will already have met the climate goals as set for 2030 with energy savings of over 60%. “In recent years, we have been trying to get support for tendering for new public lighting. We are desperately in need of renewal: our area is really out-dated and some of our lampposts are about to collapse. So we can’t wait until the first lamps are replaced and new lampposts are installed. We look forward to a great new partnership in a unique tender form!” says Kevin Groen, project manager in the municipality of Renkum.

Smart City is a scalable solution which Primevest is currently discussing with many
municipalities.

BNG Bank is financing Smart City Nederland. “As a partner for municipalities to achieve a more sustainable Netherlands, the Smart City Nederland initiative very much reflects our ambition to be an engaged partner for a more sustainable Netherlands. We enable the public sector to achieve social goals like the energy transition,” says Judith de Bleyser, Public Finance specialist at BNG Bank.

For more information about our Smart City Initiative, please visit: www.smartcitynederland.com

Currently this website is only in Dutch, English will be added soon.