We are proud to announce that Marieke van den Heuvel has joined Primevest Capital Partners as Head of Marketing & Customer Experience, effective January 2024. With over 10 years of experience in various positions at Wereldhave, Marieke brings extensive expertise in marketing and customer experience management. Her addition to our team marks a significant milestone in Primevest’s commitment to a customer-centric approach, prioritizing client needs and insights at the core of our business and operations.

Marieke will take the lead of our marketing program, to further strengthen brand performance and elevating customer experience for both Primevest and Holland Immo Group, our two investment labels.

Peter Helfrich, Managing Director:“We are excited to welcome Marieke’s fresh perspective, set to enhance our market presence and elevate client engagement. Her proven track record in creating long-term business value and driving marketing success positions her as an asset to the teams, dedicated to further strengthen our customer-centric culture throughout the organization.”

About Primevest & Holland Immo Group
Primevest is a pan-European investment partner that specializes in robust and innovative investment strategies in real assets. Primevest and Holland Immo Group merged into one company with two strong investment labels. Our network and profound expertise spans across various domains including parking & mobility, communication infrastructure and (health care) residential. This expertise has contributed to the development of a high-performing investment portfolio with currently 29 funds active. We believe that investing in mobility, connectivity and urban living prepares cities for the future, while empowering our clients to build a sustainable financial future for themselves and next generations.

From offices in Utrecht, Eindhoven and Berlin, a team of 65 professionals manage more than €3 billion in real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices.

Investor contact
Frank Noé
Head of Capital Formation & Sustainability
Frank.noe@primevestcp.com
+49 172 296 8186

Press contact
Marieke van den Heuvel
Head of Marketing & Customer Experience
Marieke.vandenheuvel@primevestcp.com
+31 6 2063 2425

This strategic transaction marks a significant milestone for Primevest CP and underscores its successful investment strategy in passive communication infrastructure assets.

Primevest CP started investing in the rollout of fibre-optic networks in the Netherlands in a consortium with T-Mobile and Volker Wessels Telecom in 2019. The consortium aimed to accelerate the deployment of fibre optics in inner-urban areas of large Dutch cities, where the level of fibre-optic connectivity significantly lagged behind rural regions. Over the past four years, Primevest CP has made substantial investments in The Hague, Eindhoven, and Rotterdam, successfully establishing a robust portfolio of over 125,000 Homes Passed.

Primevest CP’s activities have contributed to a huge acceleration in the roll-out plans of other industry players in the Dutch market. Recent times have witnessed a profound consolidation within the sector, leading Primevest CP to conclude that it is opportune to divest the FTTH portfolio in order to maximize value for its investors. Several market players showed an interest in acquiring the network. Aside from the financial terms, KPN also portrayed a sensible approach in preserving and strengthening the relationship with T-Mobile as the existing user of the network.

Bas van Dongen, communications infrastructure partner at Primevest Capital Partners, said: “We are proud to have played a pivotal role in accelerating the roll-out of fibre-optic networks in the Netherlands and that we have been able to benefit from the momentum in the market to provide our investors with an attractive return on their investments. Our collaboration with T-Mobile and Volker Wessels Telecom has been instrumental in achieving our objectives and we look back on this partnership with great satisfaction.”

While divesting its FTTH portfolio in the Netherlands, Primevest CP remains committed to investing in other key areas through its joint venture Open German Fiber. Furthermore, Primevest CP is currently establishing its second communication infrastructure fund (“PCIF II”). The company will maintain its focus on investments in Dutch business parks, supporting the digital infrastructure requirements of commercial enterprises, and expanding its investment portfolio in Germany.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future by investing in the future of our cities in realising sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the needs of modern metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and Berlin, a team of around 65 professionals manage more than €3 billion in real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. The complementary brands joined forces in 2021 to grow their market position and network, as well as to strengthen each other. This has enabled us to provide a sustainable financial future to a larger and more diverse client base. The group initiated a total of over 60 funds, of which 29 are currently active. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

Frank Noé has around 17 years of experience in business development, capital markets and alternative investments and joins Primevest from BrickVest, an affiliate of PATRIZIA AG, where he was Chief Sales Officer. Prior to PATRIZIA, Noé worked at Zinsbaustein, Castlelake, Shinsei Bank Group, Golding Capital Partners and Ernst & Young.

Frank Noé, Head of Capital Formation at Primevest CP: “Primevest aims to grow its assets under management sustainably across all its target European real asset markets, including contemporary, affordable homes, communication infrastructure and car parks. We are preparing the launch of several new funds in 2022, such as the Communication Infrastructure Fund II and the European Parking Fund V. Favourable market forecasts for each of these sectors in the next few years and strong momentum make them ideal alternative real asset classes for investors looking to diversify their portfolios with upside potential. “

Primevest Capital Partners Holding has €2.8 billion of assets under management including sector-focused funds, individual institutional mandates and a portfolio of investments targeting private investors as well as family offices following the acquisition of Holland Immo Group earlier this year.

Peter Helfrich, Managing Partner at Primevest CP, said: “The new role is fundamental to our future growth strategy – and Noé is a perfect match for us. He brings a wealth of experience and knowledge of institutional investor requirements. We are pressing ahead with our plans for new funds and with Frank on board are actively seeking new capital. Frank’s broad expertise across the European real asset sector means that we can expand the business, develop innovative investment strategies for clients which will generate long-term, secure income returns and steady capital growth.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future through investing in the future of our cities by delivering sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group. Primevest Capital Partners is part of the Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

AIFM-regulated Holland Immo Group offers funds specialising in residential properties, healthcare real estate and car parks to both private and institutional investors and has AUM of €0.9 billion across more than 25 real estate funds in the Netherlands, Germany, Italy, and Spain. The purchase price was not disclosed.

Peter Helfrich, Managing Partner at Primevest Capital Partners: “Holland Immo Group has an outstanding reputation in the Netherlands thanks to the performance of its funds, its strong and loyal client base and an excellent track record that goes back more than two decades. We have very complimentary businesses and through the 30-strong team of Holland Immo Group we will have direct access to established relationships with private investor clients and family offices. This deal also adds a wealth of knowledge to our already experienced team and will further strengthen our capabilities across all areas including acquisitions, asset and risk management and compliance. We have set out a vision to help our clients to provide for their sustainable financial future through investing in the future of our cities by delivering sustainable urban living, improving connectivity, and enabling mobility, and this acquisition will help us to deliver on our ambitions.”

Manfred Kühl, Chief Executive Officer at Holland Immo Group: “Both Primevest and Holland Immo Group are boutique firms specialising in alternative real estate assets that are seeing huge demand from investors and occupiers. As a combined group we can offer a highly professional team, strong fund and asset management expertise and a large acquisition network across these niche markets.  We are a great fit in terms of assets under management with portfolios across the residential, healthcare and parking segments, and with Primevest’s focus on institutional investors and our own on private investors and family offices, we are expanding our access to new investor groups.”

The market for real estate investment funds, including alternative asset classes such as car parks and telecommunications infrastructure, has shown steady growth over the last decade. Demand for these funds from private and semi-institutional investors will accelerate further as the population gets structurally older and the need for individuals to manage their own retirement schemes increases. The low interest rate environment is leading to a rotation from government bonds and savings accounts into other asset classes as a rising number of private investors follow the lead of institutional players and look elsewhere for stable income sources for their personal retirement schemes.

Numerous studies show that indirect real estate investments through fund vehicles provide diversification benefits combined with inflation hedging. Greater regulatory protection has helped boost private investors’ confidence and interest in such products and the growth of online services and fintech solutions is also expected to improve access to these specialist vehicles.

Peter Helfrich concluded: “We are seeing significant growth in the private and semi-institutional markets following a growing group of people making their own retirement provisions and are looking for a trusted provider in this market. Primevest Capital Partners, together with Holland Immo Group, can fulfil that need and offers a comprehensive and expanding range of investment opportunities for its clients.”

Peter Helfrich and Gaston Hupkens joined Primevest Capital Partners in August this year as Managing Partner and Head of Operations respectively. The senior management team includes partners Bart Pierik, Hans-Peter Renk and Bas van Dongen. Together with Holland Immo Group the combined team consists of approximately 70 professionals who will continue to operate from offices in Utrecht, Eindhoven and Berlin.

About Primevest Capital Partners Holding B.V.
Primevest Capital Partners Holding B.V. consists of Primevest Capital Partners Nederland B.V., Primevest Capital Partners Deutschland GmbH and Holland Immo Group B.V. The Board of Primevest Holding, comprising Peter Helfrich, Gaston Hupkens and Bart Pierik, is indirectly responsible for the management of both Primevest Capital Partners and Holland Immo Group. Peter Helfrich and Gaston Hupkens will join the board of Holland Immo Group. The total combined volume of the portfolio is approximately €2.8 billion.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives. From our offices in Utrecht and Berlin, a team of 40 professionals manage €1.9 billion of assets across six sector-focused funds and two individual institutional mandates.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

About Holland Immo Group
Holland Immo Group offers real estate investment funds to private and institutional investors as well as family offices. Founded in 2001 by Manfred and Thomas Kühl, the company has since initiated 54 vehicles with a total investment volume of €1.6 billion. Holland Immo Group invests in Dutch homes, parking garages and German convenience stores. Following the sale of a large number of funds to institutional investors between 2016 and 2021, new investment fund strategies have deepened their focus on Dutch housing and parking garages in Europe. Within the residential segment, the company targets housing for young professionals and residential concepts for seniors including assisting living. It collaborates closely with various residential healthcare operators and real estate developers, including Long at Home Investments, a spin-off of Holland Immo Group which develops assisted living concepts and invests in healthcare providers. A team of 30 professionals manages the portfolio of approximately €0.9 billion in investments.

For more information, please contact:
Holland Immo Group
Manfred Kühl MRICS/Peter Helfrich
T: +31 (0)40 235 26 35
https://www.hollandimmogroup.nl/

Helfrich joins Primevest CP from PATRIZIA AG where he was Head of Southwest Europe; Country Manager Netherlands and a Senior Managing Director for over seven years. He is also currently a member of the advisory board of Dutch Smart digital car park operator ParkBee and a member of the advisory board of the PATRIZIA Foundation. Prior to this, Helfrich worked and lived in Sweden, Germany and Italy for CBRE Global Investors EMEA and ING Real Estate Investment Management. Hupkens has also moved from PATRIZIA AG where he was Head of Asset Management BeNeLux and Head of Operations & Finance. He has also held positions at ABN AMRO Bank N.V., Bouwfonds IM, Rabo Real Estate Group, Corio N.V. and Deloitte.

Following these appointments, the Board of Primevest CP will comprise of Peter Helfrich, Gaston Hupkens and partner Bart Pierik as Head of Infrastructure. Partners Hans-Peter Renk and Bas van Dongen complete the senior management team, who lead a group of 40 professionals from offices in Utrecht and Berlin. The company has €1.8 billion of assets under management across six sector-focused funds and two individual institutional mandates.

Peter Helfrich, Managing Partner Primevest CP, said: “Primevest sits at the epicentre of the great converging trends in communications and data infrastructure, affordable residential real estate and urban mobility that are defining the emerging ‘Smart City’ landscapes of the future. We have received strong backing from our major shareholder CommonWealth Investments to rapidly scale up and extend the highly successful current business areas through both organic growth and corporate acquisitions, to position the company to target these unprecedented opportunities for our investors.“

Gaston Hupkens, Head of Operations, Primevest CP, concluded: “Our ambition is to be in the vanguard of innovation in providing the infrastructural backbone of the new digital economy, while also integrating the highest levels of sustainability across our real estate investments. Primevest’s prime differentiator is that we sit at the interface between investors, operating companies and municipalities, facilitating interaction and understanding between all these partners and ensuring investment flows into essential upgrades to digital networks and the installation of the superfast broadband highways which are lacking in many of Europe’s cities.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. At Primevest Capital Partners, our vision is to future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives. From our offices in Utrecht and Berlin, a team of 40 professionals manage €1.8 billion of assets across six sector-focused funds and two individual institutional mandates.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

Mobile business operations at Primevest Capital Partners

In view of the current situation due to the corona epidemic, Primevest Capital Partners is working in parts in mobile business operations until further notice. All of our employees have cell phones and a laptop, and our IT applications can be accessed remotely.

We ask for your understanding that until further notice we are restricting visitors to our buildings and are not holding meetings at all. Like during our usual business operations, our employees are always available for you using the known contact details. As soon as this situation changes, we will inform you accordingly.

Utrecht / Berlin, March 18, 2020 at 6 p.m.

The activities will be continued in a new investment boutique under the name: Primevest Capital Partners. Primevest Capital Partners has acquired all activities in parking, the German communication infrastructure activities and two mandates in residential (affordable contemporary living). “With the establishment of Primevest Capital Partners we are able to continue our high quality  investment management services with our dedicated specialized teams that our clients are accustomed to,” says Managing Partner Bart Pierik at Primevest Capital Partners. “In recent years we have strengthened our leading position as car park investment manager, expanded our residential activities for key clients and launched a new fund in communication infrastructure, being the first investment manager to offer German institutional investors the opportunity to invest long-term in passive communication infrastructure assets. We see a growing interest from institutional clients for our innovative real asset investment strategies to further grow our assets under management,” continues Bart Pierik.

Primevest CP will employ 30 professionals who will serve its institutional clients from local offices in Utrecht, the Netherlands and Berlin, Germany. Primevest Capital Partners will be led by former Bouwfonds IM employees Bart Pierik (Managing Partner), Ruud Roosen (Parking), Hans-Peter Renk (Residential), Bas van Dongen (Communication Infrastructure) and former CFO of Foruminvest B.V., Walter Kuppens (Finance & Risk).

CommonWealth Investments B.V., a Dutch multi-client family office, is the financial sponsor of Primevest Capital Partners. “We believe that there is demand in the market for specialised investment managers with a focus on innovative distinctive investment strategies. The activities of Primevest Capital Partners match this demand and we have confidence that the management can successfully grow the existing activities of Primevest Capital Partners in the coming years,” explains Leo Derksen, co-founder of CommonWealth Investments B.V.