High-speed gigabit internet for Tuniberg municipalities in Germany: Construction of fibre-optic network started

 
 
Good news in times of working from home and homeschooling: project partners Primevest Capital Partners and Vodafone Germany launch the rollout of a state-of-the-art fibre-optic network for about 5,300 households and businesses in the three municipalities of Opfingen, Munzingen and Tiengen around the Tuniberg near Freiburg. This was announced by Vodafone, Nokia and Primevest at the official launch of the project in Opfingen on March 30.

• High-speed internet for 5,300 households in Opfingen, Munzingen and Tiengen
• Pre-marketing of fibre-optics successfully completed – start of construction

Primevest Communication Infrastructure Fund (“PCIF) is financing the fibre roll-out, which will be built by Nokia. Vodafone operates the network, supplies the fibre-optic connections to the market, and provides services such as high-speed gigabit internet, television and telephony. Construction begins today in Ofingen. The municipalities of Munzingen and Tiengen will follow in a couple of weeks. All infrastructure work must be completed by the end of the year. Information about the fibre-optic project and progress on its installation will be published by Vodafone at www.vodafone.de/freiburg-tuniberg

Rolf-Peter Scharfe, Head of Fibre-Optic Cooperations at Vodafone Germany: “Expansion of the fibre-optic network has been given the go-ahead. We are pleased that, by way of this ambitious project, we can provide future-proof gigabit internet to many households and businesses in the three Tuniberg municipalities. Successful pre-marketing has shown that there is a pressing need for high-speed internet. With this infrastructure programme, Primevest and Vodafone ensure the region has the necessary connectivity to the future technologies of a gigabit society and provide access to digitisation.”

Bas van Dongen, Head of Communication Infrastructure at Primevest Capital Partners: “We are pleased that the effective cooperation between the municipalities, Nokia, Vodafone and Primevest has led to construction being started in these initial areas. The rollout in the Tuniberg municipalities is yet another fine example of Primevest’s successful investment strategy to provide future-proof and modern fibre-optic networks in Germany”.

Fibre-optic connections offer guaranteed bandwidth, greater reliability and security for the future
For the fibre-optic expansion in the municipalities of Opfingen, Munzingen and Tiengen the project partners have used what is known as “Fibre to the Home” technology (FTTH). In FTTH, every home is connected to the substations with its own fibre-optic cable. The benefit of this is that the bandwidth does not need to be shared with other households, so full capacity is always available. In addition, fibre-optic connections are more reliable than conventional copper connections because they are less susceptible to interference. Another benefit is that the technology is future-proof, because transmission can be increased to several gigabits per second, if necessary.

Gigabit for two-thirds of Germany’s inhabitants
The demand for high-speed gigabit internet connections is greater than ever, because data traffic will increase rapidly in the years ahead. To enable transmissions of these volumes of bits and bytes, high-performance internet connections are an absolute must for businesses and private households.

As a gigabit company, Vodafone is the driving force behind infrastructure expansion in Germany and has already reached more than 24 million households over their national fibre-optic network, of which approximately 23 million are at gigabit speeds. By the end of the year, Vodafone will provide two-thirds of Germany’s inhabitants with gigabit connections. In doing so, it relies on a technology mix of cable and fibre optics with an investment programme that not only improves the entire cable network in the present coverage area, but also with other programmes that boost fibre-optic expansion where it is most needed – in rural areas – both for the inhabitants and for the economy.

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 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 70 professionals manage €3 billion in assets 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. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

For more information, please to 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

Vodafone Germany

Vodafone is one of the largest communication networks. Every second inhabitant in Germany is a Vodafone customer – whether they surf on the internet, talk on the phone or watch TV, or whether they’ve installed Vodafone technology at the office, on the farm or in the factory. Vodafone networks connect Germany: not only among families and friends, but also politics, businesses and the wider community. They also help to keep crucial sectors running such as education and healthcare, especially in times of COVID-19.

The Düsseldorf-based company offers internet, mobile telephony, landline telephony and television from a single company. As a digitisation partner of the German economy, Vodafone’s customers include start-ups, SMEs and DAX stock exchange companies. Vodafone is the No. 1 in German mobile communications: no other company in Germany connects more people and machines over its mobile network. No other German company offers more gigabit connections on the landline network than the Düsseldorf firm. And no other company in the entire country has more television customers.

Having more than 30 million mobile telephone customers, almost 11 million broadband customers, more than 13 million television customers, and a host of digital solutions, with its approximately 16,000 employees, Vodafone Germany generates a total annual turnover of approximately €13 billion.

For more information: www.vodafone-deutschland.de or www.vodafone.com

 

Primevest Capital Partners acquires multistorey car park in Sheffield for approx. €11 million

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) announces the acquisition of The Moor Car Park in Sheffield on behalf of its Primevest European Parking Fund IV for approx. €11 million. The car park of 670 parking spaces is located in the city centre.

Primevest is further diversifying its portfolio, which now comprises 12 car parks in the United Kingdom. Its total pan-European portfolio of car parks has now grown beyond €1.3 billion.

The multistorey car park of ‘The Moor’ is located on Eyre Street in Sheffield’s city centre area known as The Moor – the city’s prime retail, leisure and business pitch. This area comprises the prime retail high street within the city centre, attracting footfall in excess of 13 million people per year. The car park was completed in 2008 and consists of a ground floor and 9 split levels, to accommodate 670 parking spaces including facilities for the disabled. In addition to being a great location as a car park, it is well-suited for mobility hub functions, such as last mile logistics services, locker boxes for parcel pick-up and electric vehicle charging stations. The Moor car park has been let to APCOA Parking (UK) Ltd on a long-term lease agreement.

The vendor was NewRiver REIT’s joint venture with BRAVO Strategies III LLC, who continue to own The Moor’s wider retail estate. Knight Frank’s specialist Automotive team advised the vendor. The legal due diligence was performed by DWF (UK), Reius and L&W (Germany), tax by Deloitte and the technical due diligence was performed by RPS.

Bas Magielse, Fund Manager at Primevest Capital Partners said: “This parking garage is a great addition to our portfolio as this is an excellent car park which is also well-suited for mobility hub functions which will be optimized going forward. Together with our tenant APCOA, we are able to anticipate the most substantial trends influencing the market for car parks and mobility. We are open to more investments like this and have recently also started the fund raise for our Primevest European Parking Fund V to continue with our successful investments anticipating on changes in urban mobility.”

Kim Challis, APCOA’s regional MD for UK & Ireland, said: “APCOA are delighted that Primevest Capital Partners have completed their purchase of the Eyre Street MSCP in Sheffield, which APCOA will continue to manage. APCOA’s ongoing investment into the car park and our new technologies ensures that our customers enjoy a first class service and experience, and we are excited about the opportunities for mobility hub services at this location for customers and the local community. Primevest Capital Partners’ purchase of the Eyre Street MSCP further extends and strengthens the Primevest-APCOA relationship which now includes parking facilities in Belfast, London and Sheffield, with further opportunities continually being explored by both businesses.”

Sheffield is a city and metropolitan region in South Yorkshire, England. It is England’s fourth largest city, with a population of over 569,000, two universities and over 60,000 students, and an economy worth over £12 billion. Sheffield is home to a growing collective of creative businesses and is rapidly developing a reputation for innovation and quality with specialist clusters forming sector-specific hubs in the city. Amongst others, Boeing and McLaren have made major investments in the city. The economy has experienced steady growth, averaging around 5% annually.

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 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 70 professionals manage €3 billion in assets 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. 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

 

Primevest Capital Partners announces successful handover of residential property in Peine, Germany

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) announces its completion of the residential development project in Peine (Germany), which was acquired in 2021 on behalf of a German pension fund for approx. €27 million. The 8,000 m2 project at Gunzelinstraße 12a – 16b, now consists of 97 modern residential units.

The project is located along Gunzelinstraße in Peine and consists of eight buildings with 97 residential units. The apartments are mostly divided into 2 to 3-room apartments, 19 of which are barrier-free, 11 are suitable for wheelchairs, with a total living space measuring approx. 8,000 m². The property includes a total of 128 parking spaces, 68 of which are situated in a basement parking garage. The city centre is 900 metres to the north-east and several supermarkets and schools are located in the vicinity. The building has been constructed to very high sustainability standards in line with the German KfW-55 regulation, a high standard energy building.

Danica Cicmil, Fund & Acquisitions Manager at Primevest Capital Partners said: “This asset was acquired in 2021 and our transaction team and technical asset management team have jointly managed the handover of this asset after its completion on 1 February 2022. The project is currently in the phase of initial letting. This project will offer young families and the elderly alike attractive and affordable accommodations in modern, purpose-built apartments within a 10-minute walking distance from the amenities in Peine’s city-centre.”

The project is located to the north-east of the city centre of Peine and encompasses the former indoor swimming pool area, which was closed in 2015, as well as the adjacent landscape and parking lots. Before construction of the indoor pool, the area had initially been used for agriculture and later as garden land. Peine is a medium-sized town located about 40 kms to the east of Hannover and 25 kms to the west of Braunschweig.

The vendor was Graf Gunzelin UG & Co. KG, a subsidiary of Berlin-based MHMI Immobilien-Verwaltungen GmbH.

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 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 70 professionals manage €2.8 billion in assets 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. 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

 

Acquisition of BKS parking portfolio by Crossroads Real Estate, Holland Immo Group and Apcoa parking

 
 
At the end of 2021, Crossroads Real Estate (Crossroads), Holland Immo Group (HIG) and APCOA Parking signed the purchase agreement for the acquisition of the real estate and the operation of the parking garages in Scheveningen and Vlaardingen from the owners and founders of BKS Parking. Holland Immo Group is part of Primevest Capital Partners.

This parking garage portfolio has been operated by the current owners for decades and found in Crossroads, HIG and APCOA the perfect match to carefully transfer the business. Per March 1, 2022, Crossroads and Holland Immo Group have acquired the real estate portfolio. At the same time, APCOA Parking takes over the operating management of the parking facilities.

‘BKS Parking’
This parking garage portfolio has been operated by the current owners for more than 40 years and is known for the Scheveningen parking garages: the well-known ‘Parking Kurhaus’, the ‘Nieuwe Parklaan’ parking garage next to the AFAS Circustheater and the longest underground parking garage in the Netherlands ‘Parking Strand’ at the Zwolsestraat with 2,030 parking spaces. In addition, the portfolio includes the inner-city parking garages in Vlaardingen: ‘Parking Liesveld’, ‘Parking Hoogstraat’ and ‘Parking Stadhuis’.

In size, the total portfolio amounts to 3,819 parking spaces. Most (2,850) parking spaces are located in Scheveningen and offer space for visitors to numerous activities in Scheveningen. In Vlaardingen, the 3 parking garages are aimed at visitor parking in the city center and the City Hall.

The purchase price of the parking company is not disclosed. Matthieu Dekkers of HIG: “The acquisition has been carefully prepared with all stakeholders from the beginning of 2021. This took time, but it is therefore very special to take over the last large privately owned parking company in the Netherlands. Almost everyone in the Netherlands has parked in these parking garages in Scheveningen at some point.”

Increase parking operations and parking services
APCOA will further professionalize the operation of the parking garages and will focus, among other things, on the digitization of services to increase the ease of use for consumers. In addition, the locations of BKS are very suitable for the implementation of APCOA Urban Hubs. A total concept that provides for a broadening of the use of the parking facility. With solutions for mobility, logistics and charging infrastructure. Carlo Barten: “The parking services will be further expanded with tailored services at the various locations. From increasing (online and offline) findability and recognizability to paying via apps. But we also look at location-specific services. Think of a hand carts rental at Parking Strand. The great thing about ‘Parking Strand’ is that the car entrance is located inland on the Zwolsestraat, while the pedestrian exit is less than a 200 meter walk from the beach and the Pier of Scheveningen.”

Investors
Holland Immo Group acquires the parking garage portfolio together with Crossroads. Crossroads is a European manager of private equity funds in the real estate sector with a thematic and operational approach of investing, with approximately € 1 billion in properties under management. Holland Immo Group is part of Primevest Capital Partners and has been managing institutional and private parking garage real estate funds since 2012. With the takeover structure of the BKS portfolio, the operating result of the parking company is shared with the investors for the first time, as a result of which investors, in addition to a real estate return, also achieve an operational return. This is in line with Crossroads’ investment strategy and expertise. Through this transaction, Primevest Capital Partners is further expanding its portfolio of € 2.8 billion assets under management, of which € 1.3 billion in car parks in Europe.

Crossroads and Holland Immo Group were advised by Taylor Wessing, SGS, Deloitte and Dirkzwager Legal & Tax. Cushman & Wakefield provided the valuations. APCOA Parking was advised by De Bok Roijers Gasseling Advocaten.

Project information
More information about the BKS car parks can be found at www.bksparking.nl. More information about APCOA Parking can be found at www.apcoa.nl

For more information:
Primevest Capital Partners:
Lisette van der Ham
Head of Marketing and Corporate Communications
Phone: 0031-6-83200561
Email: lisette.vanderham@primevestcp.com

 

Primevest Capital Partners closes second deal in Spain by acquiring residential property in Valencia for German Pension Fund

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has signed its second acquisition in the Spanish residential market. On behalf of a German pension fund, Primevest has acquired a residential property of 6,500 m² containing 90 units near the marina of Valencia for approx. €18 million. The vendor is Hierros y Corrugados Ribarroja, S.A., a subsidiary of the construction group Grupo Bertolín S.A. The project is set to be delivered in Q4 2024.

The project is located on the corner of Calle Vicente Brull and Calle Museros in Valencia. It will comprise two buildings with 90 residential units and a basement parking garage with 58 parking spaces. Both buildings will have several chill-out areas, a swimming pool and children’s playground on the roof deck, as well as storerooms and a bicycle shelter in the basement. In addition, each building will provide space for a gym and co-working. The property will be built for rent (Build-to-Rent) and will be completed by the end of 2024. Construction is set to start in Q3 2022.

Located to the east of Valencia’s city centre, the project is 300 metres from the marina and 800 metres from the beach in the Poblats Maritims district. Aside from being an attractive tourist location, this district has become a hub of technological innovation due to the presence of many start-ups. Two tram lines and several bus lines provide a direct connection to the city centre. In addition, many facilities for daily needs can be found in the immediate vicinity. These include several supermarkets, schools, various museums and leisure centres.

Valencia is located in the eastern part of Spain and is the third largest city in the country after Madrid and Barcelona. The metropolitan region comprises about 1.5 million people, of whom around 800,000 live in the city of Valencia itself. The city of Valencia is home to the University of Valencia and the Polytechnic University of Valencia, two of Spain’s top 10 Universities with over 76,000 students.

The residential buildings will meet modern energy-efficient standards (an A energy rating and BREEAM Very Good) and it will make use of renewable energy sources, such as a photovoltaic installation (solar panels) to generate electricity and a centralised aerothermal system for domestic hot water, state-of-the-art LED lighting in all communal areas and a waste disposal area as a clean point for recycling waste, plastic, glass and paper.

Olaf Steinbusch, Senior Acquisition Manager at Primevest Capital Partners: “We are very pleased that, in partnership with Colliers, we have been able to acquire a second residential property in Spain. This project in Valencia offers a very stable investment opportunity due to the combination of modern high-quality apartments situated at a fantastic location and a good ESG rating. It mainly comprises 1-bedroom apartments to meet the demand of affordable, sustainable and modern rental homes with all kinds of amenities and communal areas. We look forward to expanding our portfolio further with sustainable and affordable homes in the residential market in Spain.”

Earlier this year, Primevest announced its first residential acquisition of €21 million in Seville and marked its entry into the Spanish residential market. Primevest has identified Spain as a market to expand its residential portfolio and will further build a sustainable residential portfolio across Spain in selected cities, such as Alicante, Palma de Mallorca, Bilbao, Cádiz, A Coruña, Granada, Madrid, Malaga, Murcía, Salamanca, Santander, Valencia, Vigo and Zaragoza.

Primevest started to invest in residential real estate in 2007 and has built up a residential portfolio of approx. €1 billion across Europe, focusing on Austria, Denmark, Germany, Spain and the Netherlands. Primevest seeks investments valued between €15 and €60 million, mainly for segregated residential investment accounts for individual clients, primarily pension funds.

Colliers acted as financial and real estate advisor in the transaction, Drees & Sommer as technical consultants and CMS Albiñana & Suárez de Lezo as legal advisor.

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 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 70 professionals manage €2.8 billion in assets 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. 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

 

 

Primevest Capital Partners to expand fibre optic networks in Wermelskirchen and Burscheid

 
 
Primevest Capital Partners has signed an agreement with operator Novanezt to extend the fibre optic networks across two towns in Germany, Wermelskirchen and Burscheid. Primevest is financing and building the infrastructure. The Primevest Communication Infrastructure Fund (PCIF) has acquired the ‘fibre to the cabinet’ (FttC) network in the German towns of Wermelskirchen and Burscheid, to deploy high-speed optical connections.

Investment manager Primevest Capital Partners has recently started on the combined construction of the extensive fibre optic expansions. The new FttC links will be built by GFS and leased by PCIF to its telecom operating partner Novanetz.

The first sub-areas in Wermelskirchen and a further construction phase in Burscheid will receive the fibre optics straight into the home. In Wermelskirchen construction work will start in the following areas: Burscheid Hilgen-Nordteil as well as Wermelskirchen Unterstraße, Bechhausen and Löh. Large parts of Leichlingen and Burscheid-Ösinghausen have already been connected and the network will now be expanded via Kuhle to Burscheid Hilgen and Wermelskirchen Unterstrasse. This marks the start of the next phase towards a large-scale fibre optic supply network in both cities.

A sustainable supply network is being created here, which already covers all future requirements for broadband requirements and applications. Although the current internet speed on the outdated copper technology is still sufficient, the new network is highly relevant for the robustness of connections (home schooling, home office, numerous video and cloud applications) and, last but not least, with regard to real estate evaluation in the event of a sale or a change of generation. The quota achievement – usually of 40% for the construction of an area – includes the product contracts entered into, which then ensure realisation of the free home connection for the owner.

Furthermore, it is the first time that the prospect of a comprehensive fibre optic network enables the cities of Wermelskirchen and Burscheid to consider many new opportunities to focus on a ‘Smart City’ and to tackle the implementation of several digital community aspects.

Klaus Leckelt, Senior Acquisitions Manager at Primevest CP, said: “Primevest is investing across extensive areas in Wermelskirchen and Burscheid to enable delivery of a future-proof and modern fibre optic network. Our investment, combined with a short construction lead time contracted via Novanetz, means that these areas will shortly benefit from a modernised network. Via the modern fibre optic network, inhabitants of all generations can participate in public life via video conferencing, TV on Demand, telemedicine applications, etc.”

We are approaching all residents who are interested in a fibre optics connection and want to make their homes fit for the future. Applications for the free fibre optic connection can still be submitted. Further information and documents can be requested from info@novanetz.de or www.novanetz.de

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 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.

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 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 70 professionals manage €2.8 billion in assets 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. 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

About novanetz
Novanetz is an internet provider who specializes in fibre optic products for fibre optic networks to the home. The company offers high-speed internet products that exploit the enormous potential of new fibre optic technology – with modern, state-of-the-art download and upload speeds that conventional technologies such as cable networks or VDSL cannot offer. Together with its partners, novanetz makes an active contribution to the federal government’s broadband objective by supplying regions not yet connected to a fibre optic network with fibre optic connections straight into the home. When setting up and operating the fibre optic infrastructure, novanetz works with partners like local energy suppliers, construction companies and municipalities.

Press Contact Novanetz GmbH & Co. KG

Dennis Kornehl
Tel.:        +49(0) 511 9999 8035
E-Mail:   presse@novanetz.de
Web:      www.novanetz.de

About GFS
GFS has a technically competent team with 20 years’ worth of experience in the field of fibre optic network expansion. From the start of privatisation in the telecommunications sector, GFS has supervised all relevant expansion projects in Germany. GFS offers a high-quality service portfolio from the planning stage, through its implementation to its documentation. Thanks to many years’ worth of experience, GFS has not only successfully completed projects as a general contractor and maintained close relationships with other telecommunications companies, it also knows what is important when it comes to the turnkey handover of projects and networks.

 

Primevest Capital Partners seals first residential acquisition in Spain with €21 million deal In Seville for German Pension Fund

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has finalised its first acquisition in the Spanish residential market. The acquisition on behalf of a German pension fund involves a property of 13.000 m² in Seville at a price of slightly above € 21 million. The vendor is Facornata Servicios Y Gestiones S.L, a full subsidiary of Aedas Homes S.A. The project will be delivered in Q1 2023.

The project that Primevest has acquired will comprise 125 residential units with a unit mix of between 2 to 4 bedrooms, and two commercial units spread over 3 buildings. It is located to the south-east of Seville’s city centre and forms part of a new development area in the Palmete neighbourhood. It will also include a garage with 199 parking spaces on two levels and 125 storerooms in the basement. It is part of the largest residential development under construction in Spain: Jardines Hacienda Rosario. The greater development will comprise seven buildings with over 1,000 homes and feature an impressive 37,000 m² of resort-style amenities: two swimming pools, six padel courts, a soccer field, a basketball court, a children’s playground, a running circuit of more than one kilometre, a large social club, and landscaped gardens – all of which to be enjoyed by the future tenants.

Olaf Steinbusch, Senior Acquisition Manager at Primevest Capital Partners: “We have identified Spain as a market to expand our residential assets and will further build on our sustainable portfolio of residential buildings across the country in selected cities for our mandates. Aside from Seville, we also see many attractive investment opportunities for our investors in cities such as Alicante, Palma de Mallorca, Bilbao, Cádiz, A Coruña, Granada, Madrid, Malaga, Murcía, Salamanca, Santander, Valencia, Burgos Vigo and Zaragoza. This project in Seville offers a very stable investment opportunity due to the combination of modern high-quality apartments and a good ESG rating and will be certified by BREEAM. We look forward to expanding our portfolio in the residential market in Spain.”

Peter Renk, Head of Residential at Primevest Capital Partners: “As an investor with a long-term view, we are also interested in ’vivienda protegida’ [sheltered housing] investments and underline our sustainable investment approach by investing exclusively on the basis of equity. Besides acquiring affordable and modern housing, our focus is on ESG-conformity and contemporary floor plans for families.”

Primevest started to invest in residential real estate in 2007 and has built up a residential portfolio of ca. 1 billion euros across Europe, focusing on Austria, Denmark, Germany, Spain and the Netherlands. Primevest seeks investments valued between 15 and 60 million euros, mainly for segregated residential investment accounts for individual clients, primarily pension funds.

Having around 700,000 inhabitants and being the capital of Andalusia, Seville is the fourth largest city in Spain after Madrid, Barcelona and Valencia. Seville’s old town is the largest in Spain and one of the largest historical centres in Europe, visited by approx. 2.5 million tourists every year. The university has over 70,000 students and is one of the largest universities in Spain. Seville forms the economical centre of the region and has a very well developed infrastructure network. Many companies are represented in the city such as Airbus, FASA-Renault, Endesa Generación, the brewery Heineken and pharmaceutical company Bida Farma.

The project site is located in the Palmete neighbourhood of district Cerro-Amate, south-east of Seville’s city centre, which can be reached by public transport in about 30 minutes or by car in just 15 minutes. All basic amenities, such as supermarkets, pharmacies, a hospital, several schools, restaurants and the Sevilla Este shopping centre are located nearby.

The residential buildings will meet modern energy-efficient standards and each block will be equipped with solar panels on the building’s roof for electricity. Heating and cooling takes place via heat pump technology, no fossil fuels are used. The building is connected to a separate water network, so rainwater and waste water are collected separately. All communal areas use state-of-the-art LED lighting. Seville city council collects waste and recyclables separately and all buildings will have areas for sorting waste, plastic, glass and paper.

CMS (LDD), ARCADIS ESPAÑA Design & Consultancy (TDD) and Enrique Molina Campos (Messures) advised Primevest CP on the acquisition. Aedas Homes has been advised by law firm Garruiges.

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 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 70 professionals manage €2.8 billion in assets 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. 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

About AEDAS Homes
Spanish residential developer AEDAS Homes went public in 2017 and celebrated its fifth year in 2021. In that time, the company has put over 10,000 units on the market and has become the benchmark homebuilder in Spain, during a cycle characterised by adherence to rigorous professional standards.

The company has a fully-permitted landbank to build over 17,600 homes in Spain’s major economic centres and key residential markets: Madrid, Catalonia, the East & Balearic Islands, Andalusia, Costa del Sol, and the North.

For more information: https://www.aedashomes.com/en or via e-mail: info@aedashomes.com

AEDAS Homes corporate video: https://www.youtube.com/watch?v=kkyf0TgNmyY

 

Primevest Capital Partners acquires residential development in Germany for €30 million

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) has purchased ‘Elisabethgarten’, a 7,800 m² residential development in Hildesheim, on behalf of a German pension fund for €30 million. The vendor was developer THI Holding GmbH & Co. KG.

The project will consist of 89 residential units spread over nine buildings and is scheduled for completion in Q2 2024. Ranging in size from approx. 48 m² to 142 m², the apartments will have two to four bedrooms each with a terrace, balcony or loggia. A single-storey basement will include an underground garage with 90 parking spaces, storage rooms, bicycle racks and technical equipment. The complex will be constructed around a high-quality communal courtyard.

Victor Ghalayini, Transaction Manager at Primevest CP: “This project is a great fit for our portfolio thanks to its excellent location on the east side of the city, which is characterised by residential properties, the newly designed Steingrube Park and lively neighbourhoods. The property will appeal to a wide range of households, including singles and couples as well as families. Demand is particularly strong from the latter due to a good selection of childcare facilities and schools nearby.”

The Elisabethgarten is being built to the energy-efficient KfW-55 EE standard and forms part of the new Ostend city district, located on the eastern outskirts of Hildesheim between the RB79/RE10 railway line. The new neighbourhood comprising some 650 apartments, is being built on the former site of the Mackensen barracks.

Hildesheim city centre is easily accessible, and the location is well connected to the surrounding area via the B1 and B6 and the nearby A7 autobahn. Ostend will also have a direct connection to the public transport network through a dedicated bus stop. Several day care centres, primary and high schools are situated within approx. 1.5 km of the property and a new square in the immediate vicinity will offer retail and other services along Senator-Braun-Allee.

Hildesheim has a population of over 100,000 and is located approx. 30 km southeast of Hanover, the capital of the German state of Lower Saxony, with more than 500,000 inhabitants. Hildesheim is well connected to the rest of Germany, and its main railway station is one of the ICE stops on the Kassel-Berlin line while the A7 Flensburg-Würzburg motorway runs nearby.

Catella Property Consultants GmbH advised the transaction on behalf of the seller.

Diane Becker, CEO at Catella Property Consultants: “Primevest Capital Partners are the perfect partner for the Elisabethgarten project which will make a significant contribution to the regeneration of the Ostend district.”

CMS Hasche Sigle (LDD) and Drees & Sommer SE (TDD) advised Primevest CP on the acquisition.

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 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 70 professionals manage €2.8 billion in assets including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following 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

 

Primevest Capital Partners acquires residential development project in Dortmund for € 23 million on behalf of German pension fund

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) has acquired a residential development project in Dortmund on behalf of a German pension fund for €23 million. The project is due to be completed in the third quarter of 2024.

The complex of approximately 7,600 m² consists of 48 privately financed and 29 subsidised apartments and will be built within a newly emerging residential area. The modern designed and light apartments range between approximately 45 m² to 112 m², each with its own terrace or balcony, and will have two to five rooms to accommodate up to five people. The buildings will have their own underground car park with a total of 64 parking spaces.

The project is located in a green and quiet residential area of Dortmund. Shops and  numerous medical practices are only 500 meters away, with several kindergartens and school facilities within a kilometre for different age groups. Local public transport connections are very good, with a bus stop nearby and the metro and S-Bahn overground stations also within walking distance. The close proximity to the nearby A 45 motorway also offers a fast connection to the regional and national road network.

Victor Ghalayini, Acquisition Manager at Primevest CP, said: “The demand for subsidised housing in Dortmund is very high, with limited supply available, so we are pleased to be part of the solution to the city’s housing problem. Since 2013, the population of Dortmund has grown by around 3.5%, due largely to the number of young students and professionals who have moved to the city to work or study. It is difficult for this group of 18 to 30-year olds to find modern and affordable housing and therefore our focus in this project is on two to three-room apartments, which are the most sought after.”

The residential buildings will be built to the energy-efficient KfW (BEG) 55 EE standard to attain a class A energy certification. The underfloor heating of the apartments will be partly supplied from renewable energy sources .

The city of Dortmund is located in the centre of the state of North Rhine-Westphalia on the northeastern edge of the Ruhr region. Dortmund has approx. 600,000 inhabitants and is the largest city in the Ruhr and an important economic and commerce centre and transportation hub. The city is a favoured location for mid-sized business in sectors such as logistics, IT, science, healthcare, biomedical, micro and nanotechnology. Dortmund’s Technical University has around 35,000 students.

REIUS Rechtsanwälte (LDD), Management & Advisory GmbH (TDD) and DGI Real Estate were commissioned for the due diligence (DD) on the project.

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

 

Primevest Capital Partners appoints Frank Noé as Head of Capital Formation to accelerate its growth strategy

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) has appointed Frank Noé as Head of Capital Formation to advance its growth in residential real estate, car parks, digital infrastructure and ‘Smart City’ communications and other investment opportunities in related real asset sectors.

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