Smart City project Renkum

Primevest transforms the lamp post into smart charging point to facilitate explosive growth of electric cars. The Dutch municipality of Renkum near Arnhem recently became the first 'smart' district in Europe after installing this sustainable and adaptable form of street lighting.

The world’s oldest street technology, the lamp post, is being transformed by Primevest Capital Partners and its partners Dutch Charge, Nedal and CityTec into a multifunctional, digital charging point to address the huge shortage of charging points for electric cars across Europe. The Dutch municipality of Renkum near Arnhem recently became the first ‘smart’ district in Europe after installing this sustainable and adaptable form of street lighting. Other municipalities and cities elsewhere in the Netherlands and beyond are expected to follow suit due to the huge and growing shortage of electric charging points.

At least one million electric vehicles are being sold across Europe on an annual basis and this number is expected to reach over 30 million in the next 10 years, according to data from the International Energy Agency (IEA).

Peter Helfrich, Managing Partner at Primevest Capital Partners, said: “The potential of this market is enormous, particularly in our home markets the Netherlands and Germany, but also in the UK, France and Scandinavia. In the Netherlands alone, we are seeing exponential growth in demand for charging stations for electric vehicles and over 1.7 million charge points will be needed by 2030. Only 45 charge points are being installed a day at present which needs to multiply more than tenfold to 600 daily to meet the current demand. Our partners Dutch Charge, CityTec and Nedal have joined us in responding to these developments and are supplying comprehensive Citycharge lamp posts where modules for electric charging and, in the future, also Internet of Things, camera surveillance and 5G can be integrated.”

We are seeing exponential growth in demand for charging stations for electric vehicles

Joa Maouche, the alderman for climate and sustainability at the municipality of Renkum, added: “The municipality of Renkum has replaced almost all of its 6,300 lamp posts with the smart, sustainable versions supplied by Primevest CP and its partners. These lamp posts are now being equipped with new functions, such as camera surveillance, and later this autumn the first Citycharge charging stations certified by the Dutch E-Charging Foundation will be added. By adding these new features, we are creating a new form of street lighting that is truly ‘smart’. We are pleased that our municipality has contributed to this development that can help more municipalities to achieve their sustainability targets and combat the growing clutter in our public spaces due to the addition of new types of amenities.”



Hannover North area rollout

Primevest Capital Partners has signed the agreement with FNOH and MCH on behalf of the Primevest Communication Infrastructure Fund (PCIF).

The expansion area of FNOH is in the region between the Lower Saxony state capital Hanover,  Celle and Gifhorn. It is a relatively rural area, but interesting for young families,  due to the close connection to the A2 and A7 motorways. Both being important routes in Germany. First target is the migration of the existing FttC Network to a FttH Network. Second target ist to grow the FttC network over the whole area by building Clusters which reach the necessary minimum penetration rate. MCH will build the network for PCIF. Planning & design of the networks from FNOH is conducted by MCH too. FNOH is a privately owned ISP, that started to build its own FttC/FttH infrastructure as of 2004 to provide high-speed internet in the region Hannover, Celle and Gifhorn.

Klaus Leckelt, Senior Acquisition Manager PCIf said: The areas in the northern region of Hannover are very interesting and stable growing villages. Facing the capital of lower saxony in the south and the automobile area of Wolfsburg in the east, the area has a huge demand of digital products and fiber connections. We believe that the partnership with FNOH and MCH gives us the possibility to fulfill our targets in the shortest time under a high quality.


Eindhoven Glass Fibre roll-out

Eindhoven becomes the first major city in the Netherlands to fully connect all households with super-fast internet. The city has signed an agreement for 29,000 households with telecommunications provider T-Mobile and infrastructure investor Primevest Capital Partners Investment.

Primevest Capital Partners has signed the agreement with the city of Eindhoven on behalf of the Primevest Communication Infrastructure Fund (PCIF). The Primevest Communication Infrastructure Fund (PCIF) and T-Mobile are aiming to expand super-fast fiber optic networks for at least 100,000 households in the Netherlands this year. Other cities will follow Eindhoven’s example of full next-generation internet coverage. Customers in the districts of Eindhoven Centrum, Strijp and Gestel will be able to sign contracts for T-Mobile service with Internet speeds of 1 gigabit per second (Gbps) from August 2020.

VolkerWessels Telecom will build the fibre optic network in Eindhoven for PCIF and take over the future maintenance. The company, which is experienced in the construction of fiber optic networks, uses an innovative construction method in which the cables are laid up to five times faster than standard market technologies.

Bas van Dongen, Partner at Primevest Capital Partners,says: “The Covid-19 crisis has clearly shown that the winning cities of the future will be the ones with the best internet infrastructure that will allow their digitised economies to stay one step ahead. Eindhoven is already known as a global academic centre for excellent technological research. The city’s agreement with our partner T-Mobile, which will lease and operate the fiber optic network from the Primevest Communication Infrastructure Fund, covers three districts, about a quarter of Eindhoven’s population, who have not previously had access to next-generation broadband. This is a big and necessary step to ensure that Eindhoven retains its pole position.”

The winning cities of the future will be the ones with the best internet infrastructure

Communication Infrastructure

PCIF has so far invested around EUR 65 million for the fund’s institutional investors and has a further EUR 50 million of projects under construction. For the further growth of the fund, PCIF is aiming for additional equity commitments (minimum participation 10 million euros) of 150 million euros this year. The fund invests in passive communication infrastructure in Germany, the Netherlands, Austria and Belgium. The target volume is between 500 and 600 million, with at least 70% invested in fiber optic networks and about 30% in radio masts and data centers.


Residential project in Berlin, Germany

A modern residential complex with a total of around 10,000 m² of living space and 135 apartments was completed in Berlin-Köpenick in 2019 and handed over to Primevest Capital Partners. The project was purchased at the end of 2017 on behalf of a German pension fund.

The apartments of different sizes between 35 – 123 sqm. offer high living comfort in a micro-location that is very well connected to the rest of the city and the local shopping streets. The building has an appealing architecture, beautiful outdoor facilities and underground parking spaces for the tenants. The property is fully rented.

The residential units are located in the Köpenick district of Berlin, which has the largest area of forest, waterways and lakes of any Berlin borough. This district has a predicted population growth of 10% until 2030, the 2nd highest population growth after the district Berlin-Pankow. The property is located in near walking distance to the city train station “S-Bahnhof Köpenick” and nearby the urban shopping mall “Forum Köpenick”. The property itself is located on the other side, which is mainly a quiet and green residential area.


Urban city lofts in the center of Eindhoven

The former Philips Lighting main office of approx. 33,000 sq. m., now called Victoriapark Lighting, in Eindhoven has been acquired in 2015. The property is located adjacent to the central station and city centre. Victoriapark Lighting is a beautiful, modern and stylish building.

The former Philips Lighting head office has been completely renovated, conserving original elements. The building now houses 616 modern lofts and apartments. The T-shaped property, built in 1979, was formerly used by Philips Lighting. It is located at the Mathildelaan 1 in Eindhoven, next to the Art Hotel, the Philips football stadium and the well-known historical buildings “Lichttoren” and “Witte Dame”. The property has been redeveloped into new units for young professionals and has been refurbished to the standard of a new building. In total, 616 new apartments have been constructed: 567 lofts and 49 penthouses. Each apartment consists of approx. 47 sq. m. and has a horizontally sliding window of more than 14 sq. m. with a great view of the city.


A new public city park, “Emmapark”, will be laid out on the extensive plot around the building. On ground level there is space for eight retail units, including a supermarket and a coffee bar. The apartment complex is located on a prime location in the city centre of Eindhoven, which is the fifth largest city in the Netherlands. Victoriapark Lighting is situated at Victoriapark, the newest hotspot in development. On the ground floor of the building, you can find a Jumbo supermarket, several restaurants and a nice terrace. The building is within a short walking distance (450m) from the main railway station of Eindhoven. A gym is located in the close surroundings. The main shopping and commercial area is a mere 200 metres away and it takes less than 10 minutes to reach the TU Campus/University.

Urban city lofts in the center of Eindhoven


Car park in Amsterdam, The Netherlands

Primevest Capital Partners has acquired car park Mahler in 2014 for the European Real Estate Parking Fund II (BEREPF II). The car park Mahler is located on the multifunctional Zuidas in Amsterdam, which is the leading prime Central Business District in the Netherlands.

The Zuidas is situated at the southwest side of Amsterdam, between the “Oud-Zuid” (old South) area, which was designed by Berlage in 1930’s and the “Buitenveldert” area, a post-war developed area which consist of mainly residential areas. The Zuidas is located close to the historical centre of Amsterdam with its abundance of cultural, leisure and retail facilities, but is also surrounded by a lot of greenery, parks and water. The Zuidas area can be divided in an East zone, a central zone and a West zone. The parking facility Mahler is located in the central zone, the most dynamic and vibrant area out of the three.

The Zuidas lies on both sides of the A10 motorway ring road in the southern part of Amsterdam (hence the name), and has been in full development since the end of the 1990s. The district is connected with the A2 highway towards Utrecht on the east side and on the west side connected to the A4 highway to Schiphol Airport (10 min), The Hague and Rotterdam. There are three public cores connecting the parking facility to the public access lobbies along the pedestrian areas at the Claude Debussylaan and Gustav Mahlerlaan on street level.


Zuidas is a high-end international knowledge and business centre. It is home to a large number of businesses offering financial, legal and business services. The mix of functions is the highest in the central zone of the Zuidas making it a very attractive place to work and to live in. There are over 30,000 people working in the Zuidas area, accounting for almost 7% of all jobs in Amsterdam. More than 700 companies, many of them leading names (Google, AkzoNobel, ABN AMRO, The Vrije Universiteit, VU Medical Center and in 2019- the European Medicines Agency), are established on the Zuidas. Over 60% of these companies are internationally oriented and/or have an international background. The majority of the companies on the Zuidas is active in the financial services sector and the legal industry. Furthermore the Amsterdam Law Court is located on the Zuidas, which has attracted top law firms.



Residential project in Graz, Austria

Primevest Capital Partners has acquires 86 subsidised apartments in Graz for € 18.5 mln in 2020 on behalf of a German pension fund. The project, located on Waagner-Biro-Strasse and the corner of Dreierschützengasse, comprises 86 subsidised apartments and two commercial units, totalling some 5,200 sqm of lettable space.

The project is being developed by DI Jörg Jandl GmbH and the Haring Group and will be completed by 2022. The 2,730 sqm site will incorporate 54 underground parking bays, charging stations for electric cars and space for 160 bicycles. The main train station and the city centre will be a few minutes away once the new tram line, currently under construction, comes into operation.

Graz, Austria’s second-largest city, has a population of 329,000 and is the economic, scientific and cultural hub of the southeast of the country. The city has eight universities serving around 60,000 students. Known as the capital of the Austrian automotive industry, Graz also has thriving creative and service sectors and is a leading centre for environmental technology and renewable energy.



Car park Leipzig, Germany

Primevest Capital Partners has acquired car park Augustplatz in Leipzig in 2012 for the European Real Estate Parking Fund II (BEREPF II). Car park Augustplatz is located in the city centre of Leipzig directly connected to the city centre ringway. The car park serves a multifunctional area of shopping, leisure and work.

The parking garage is situated below the opera and a theatre and close to other cultural attractions such as churches, museums, hotels and restaurants. Next to the theatre (Gewandhaus) is the highest office building of mid-Germany, the City Hochhaus Leipzig (24,000 sqm). The university of Leipzig is also situated next to the car park. The car park is situated adjacent to the Grimmaische Straße, a shopping street with the second highest footfall in Leipzig. This street connects visitors to the other major shopping streets: Petersstraße (highest footfall), Nikolaistraße, Neumarkt and Hainstraße. The shopping streets contain many national and international chain stores with a total gross lettable area of more than 210,000 sqm. It is located excellent in the city center and has a large variety of visitors from hotels, restaurants, musea, offices and shoppers and is also visited in the evenings.

Leipzig, with more than 600,000 inhabitants, is Germany’s 12th largest city, and, after Berlin, the second largest in the former Eastern Germany. The city is known as a commercial and trade fair city and accommodates a 600-year old university. Large international companies such as BMW, Porsche, DHL and Amazon are located in Leipzig and have a large impact on the region. Consumer spending expectations for Leipzig are far above the national average, because of the strong growth in the population and number of households.

The property comprises an underground car park (constructed 1998) with 1,261 places divided in two levels and several small retail units comprising a kiosk, café/Restaurant, Sparkasse.


Car park Vienna, Austria

Primevest Capital Partners has acquired the two purpose-built multi-storey car parks, a supermarket and commercial unit in Vienna in 2020 for around €20 million for its Primevest European Parking Fund IV.

The Hauptbahnhof East 1&2 car parks, together with more than 800 spaces, are located in Vienna’s new urban district ‘Sonnwendviertel’ and are let on a long-term lease to car park operator Goldbeck Parking. The supermarket is occupied by Aldi-owned Hofer, while the commercial unit is rented by rock climbing gym Boulderbar with additional income derived from leases on communication antennas and roof-top solar panels. The vendor is the building-owner Rhomberg Bau GmbH, who built the property as general contractor together with Goldbeck Rhomberg.

The car parks are located in Vienna, which is the largest city of the country with 1.9 million inhabitants. Austria has a well-developed social market economy and is one of the fifteenth richest countries in the world in term of GDP per capita. It is a highly developed industrialized country with an important service sector. The most important industries are food and luxury commodities, mechanical engineering and steel construction, chemicals, and vehicle manufacturing.

The Sonnwendviertel is one of Vienna’s largest regeneration schemes. It is located in the Favoriten area which is amongst the most densely populated parts of the city with over 200,000 inhabitants. Constructed on the site of the former south railway station, the new district includes 5,500 new apartments for 13,000 residents, offices and hotels, together with social and cultural schemes. As the main car parks designated for the neighbourhood, Hauptbahnhof 1&2 will predominantly cater for local needs. In future, they could also serve the new central railway station, Wien Hauptbannhof, which opened in 2014 and is a 10-minute walk away, as well as the districts on the other side of the railway line, which can now be accessed via a new pedestrian bridge.

Both car parks are newly built and are up to date with respect to electrical charging points, elevators, routing and the width of parking spaces. The main façade of car park 2 consists of surrounding plates. Both facades are open to the outside air which make natural ventilation possible (therefore limiting the number of technical installations).



Residential project in Diemen, The Netherlands

Primevest Capital Partners took over the newly completed Block 20 residential building in the attractive Holland Park development area on behalf of a German pension fund in March 2020. The property in Diemen, only 5 kilometers south-east of Amsterdam, was acquired in 2016.

The original completion was already scheduled for spring 2018, but due to the insolvency of the medium-sized general contractor, the construction was delayed. Based on the existing Woningborg insurance, which guarantees the completion of the building, the selection of a new construction company began in October 2018 and the first security measures were carried out on the building. Thanks to the good cooperation with Woningborg and the new general contractor HSB Bouw, the construction continued from spring 2019 and was completed in 2020.

Both blocks are located around a secluded enclosed garden.

The first tenants moved into the building on March 20. The property, consisting of 112 apartments with sizes between 49 m² and 131 m² (a total of 8,078 m² of living space) and 67 parking spaces in the underground car park, could already be rented out in advance to 93%. All apartments are equipped with balcony or roof terrace, bathroom and fitted kitchen. The property is in great demand due to the design, the high quality of the building design, but also due to the excellent connection to Amsterdam (metro and regional train station can be reached in 5 minutes on foot) and thus represents a sustainable investment.

Holland Park is a highly desirable new-build location in Diemen-Zuid. Since sales started early in 2015, more than 700 apartments have already been sold: an average of two per working day. The buyers are particularly enthusiastic about the attractive setup of the new neighbourhood: designer apartments with beautiful enclosed gardens and located on new canals. In close proximity there will be a lovely park with shops and other amenities. The strength of Holland Park is also in its accessibility: by train and metro, the centre of Amsterdam and the Zuidas are only 10 minutes away. The urban plan for Holland Park comes from Sjoerd Soeters and is inspired by Java Island in Amsterdam and the Sluseholmen district in Copenhagen. Each of Holland Park’s residential buildings is designed by a team of Dutch architects.

Residential Real Estate