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 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

 

Primevest-Capital-Partners Deutschland GmbH is expanding its investments in fibre-optic networks in the Rhine-Neckar metropolitan region

 
 
For the Primevest Communication Infrastructure Fund , the cooperation with fibre network project developer and network operator BBV Deutschland is being expanded in the Rhine-Neckar metropolitan region.
  • The first two fibre-optic projects in the Melanchthon city of Bretten have been completed successfully.
  • Ultra-fast internet using optical fibre will be laid in ten municipalities surrounding the city of Sinsheim.

Primevest-Capital-Partners has identified a second investment in the Rhine-Neckar metropolitan region for the Primevest Communication Infrastructure Fund (PCIF). This involves fibre-optic networks to be developed in the vicinity of the city of Sinsheim. PCIF has been collaborating successfully with the fibre network project developer and operator Breitbandversorgung Deutschland GmbH (BBV) for some time already. BBV is responsible for the planning and development of the entire fibre-optic network. After the planned completion, the fibre-optic networks will be purchased by PCIF and let to BBV for the long term.

In addition to the planned investments, further clusters have already been identified.

Bas van Dongen, Fund Manager at the Primevest Communication Infrastructure Fund: “We’re delighted that we can drive the expansion of broadband in such a prosperous yet underserved region, given its slow internet connection. We will close an important gap here together with BBV.” What is more, few internet providers offer fast internet connections in the region. Van Dongen adds: “Thanks to the collaboration with BBV and the provision of high-speed internet, we believe the fund will generate a stable and long-term return. Furthermore, investors’ interests will be considered by the turnkey acceptance of the network and the associated avoidance of completion risks.”

“After the successful completion and commissioning of the fibre-optic network’s first construction areas in Bretten, we are seeing increasing interest in the provision of fast internet in other regions. In Primevest, we have a strong partner at our side, which provides the necessary investment capital for this,” said Manfred Maschek, Managing Director of BBV.

“The investment in the vicinity of Sinsheim is another example of the investment strategy. PCIF invests, amongst other things, in fibre infrastructure in underserved regions. The objective is to establish a comprehensive, regional and sizeable fibre-optic network from several subnetworks and to thereby supply both private households and companies with high-speed internet,” added Dr. Peter Selgert, Consultant for the Primevest Communication Infrastructure Fund.

Primevest-Capital-Partners intend to invest between 500 and 600 million euros in “passive telecommunication structure”, such as fibre-optic networks, transmission masts and data centres for institutional investors. The external financing share is a maximum of 50 per cent. The fund is designed as a Luxembourg-based limited partnership SCS. The minimum investment sum is ten million euros.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique, specialising in innovative real asset investment strategies. With solid industry knowledge and focus on specialist investment sectors, such as parking, telecommunications and affordable contemporary living. Primevest CP has grown into a leading player in these sectors. Primevest CP seeks to deliver attractive risk-adjusted returns for its clients, with a focus on sustainable income and capital growth. Primevest Capital Partners currently has 1.3 billion of assets under management, spread across eight sector-focused funds and two individual institutional mandates. Primevest CP employs 30 professionals and operates out of offices in Utrecht and Berlin.

About BBV Deutschland
Operating throughout Germany via regional companies, Breitbandversorgung Deutschland (BBV) connects private and corporate customers directly to the worldwide internet with optical fibre (FTTH, Fiber-to-the-Home). The main shareholder is the British investment company Riverrock. The focus of the network expansion is on under-served, rural regions without sufficient broadband connections. The core competencies of the company include the planning, establishment and marketing of powerful and pioneering FTTH (Fiber-to-the-Home) products and networks. Further information: www.bbv-deutschland.de