08.12.2021   News . Communication Infrastructure

Primevest Capital Partners invests €6 million to extend Hüllhorst, Germany’s fiber optic network to the rest of the municipality

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) and partners GFS, gustav and Westenergie / Westnetz are investing €6 million to extend the existing fibre optic network across the rest of the German town of Hüllhorst in North Rhine-Westphalia not currently covered. Construction started in early November and will take approximately 10 months.
Pan-European Investment manager Primevest Capital Partners (Primevest CP) and partners GFS, gustav and Westenergie / Westnetz are investing €6 million to extend the existing fibre optic network across the rest of the German town of Hüllhorst in North Rhine-Westphalia not currently covered. Construction started in early November and will take approximately 10 months.

The extension is being made possible by sharing pre-existing underground pipelines which have already been installed across the municipality in an earlier agreement between Westnetz and gustav / Westenergie. This connects the districts of Oberbauschaft, Struckhof, Ahlsen and parts of Tengern and Büttendorf, to modern fibre optic infrastructure.

Klaus Leckelt, Senior Acquisition Manager at Primevest Capital Partners, said “Primevest‘s investment will modernise the remaining old telecommunications network to close the gaps in Hüllhorst’s infrastructure and provide access to a new high-speed network. As a result of our investment, and following a short construction period, the private homes and wider community not now served will have the same benefits of a modern telecommunications and data infrastructure that their neighbours already enjoy.”

The partnership will create a sustainable supply network ready for all future bandwidth requirements and applications, including home schooling and working, entertainment downloads and cloud applications. Pre-marketing has resulted in more than 40% of homeowners signing up to secure a free connection to the new network. The arrival of a Hüllhorst–wide fibre optic network will also enable the municipality to realise many new opportunities in creating a digital community for the entire village.

Receive contract documents via www.glasfaser-huellhorst.de

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


Municipality Hüllhorst

Michael Kasche
Bürgermeister
Tel.: +49(0)5744 – 9315100
michael.kasche@huellhorst.de
www.huellhorst.de


Gustav internet

Dennis Kornehl
Tel.: +49(0) 511 9999 8035
presse@gustavinternet.de
www.gustavinternet.de

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