Primevest Capital Partners has taken a significant step in accelerating high-speed internet access in Bad Nauheim, by acquiring the Fiber Optic Network from Stadtwerke Bad Nauheim for the joint-venture Open German Fiber. This acquisition, in combination with a cooperation agreement with Stadtwerke Bad Nauheim to continue the fiber roll-out in remaining areas, underlines Primevest’s commitment to drive digitalization by investing in the future of European cities.

To ensure a seamless transition for the city, Primevest is partnering with YplaY as its internet service provider in Bad Nauheim, leveraging their expertise to cater to the needs of both the existing network’s owner and its users. Primevest’s strategy as a neutral investor, collaborating with regional operating partners, showcases its capability to deliver smart solutions for German cities seeking to enhance or expand fiber coverage, tailored to specific regional requirements and its local circumstances.

Klaus Kreß, Mayor and Chairman of Stadtwerke, says: “With Primevest’s expertise in Communication Infrastructure investment, we are now able to further expand the fiber optic network throughout our catchment area. This strategic partnership unlocks the financial and operational capabilities needed to provide high-speed internet services for every resident of Bad Nauheim, ensuring our city is well-prepared for the future.”

“The shared objective among all cooperation partners is to establish full coverage of FTTH fiber optic network for all parts of the city, ensuring optimal access for all citizens. This overarching goal serves as the cornerstone for all our investments,” remarks Klaus Leckelt, Senior Acquisition Manager at Primevest.

Read full press release (ENG) >
Lesen Sie die vollständige Pressemitteilung (DE) >

As a pioneer in Communication Infrastructure, Primevest firmly believes in the transformative power of fiber optics to drive digitalization. With the increasing demand for data capacity fuelled by streaming services such as Netflix, HBO and Amazon Prime, as well as the rise of remote working and artificial intelligence, Primevest remains at the forefront of shaping the digital landscape while preparing our cities for the future.

In parallel, Primevest Capital Partners is preparing its second Communication Infrastructure fund, with a focus on Germany to leverage on its pipeline of projects with both existing and new operating partners further solidifying its commitment to innovative investment strategies. For inquiries or to obtain information pre-launch, please contact Frank Noé, Head of Capital Formation & Sustainability, at Frank.noe@primevestcp.com

Read more about Communication Infrastructure and CIF fund 2 >

About Stadtwerke Bad Nauheim
“Naturally powering the future” – under this motto, as Stadtwerke, we have embarked on a sustainable, environmentally-friendly path, making us one of the most innovative energy providers in Hessen. As consumers, you can join us on this journey – towards a carbon-neutral supply for our city and surrounding areas. Read more information via www.stadtwerke-bad-nauheim.de

About Yplay
We are Yplay Germany GmbH, and we have set ourselves the goal of providing our homeland with access to a future-proof and high-performance internet and telephony service, following the motto ‘In the region, for the region. High speed internet provider Yplay from Altenstadt, will take over the network’s operation for Stadtwerke Bad Nauheim. Yplay is also active in several other Wetterau municipalities as well as in the districts of Gießen and Main-Kinzig. Read more information via www.yplay.de

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

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

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

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

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

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

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

The appointment aims to further strengthen the commercial management of the European parking portfolio of more than 50 parking garages. Prior to this, Brink worked at the Dutch supermarket chain Jumbo, where he has been active in the field of acquisitions and development. Before that, he worked in various positions at CBRE.

Bas Magielse, Head of Parking & Mobility: “We are very pleased that Bjørn is coming to strengthen our parking team, as he has extensive experience in the sector and accumulated a great deal of knowledge. Bjørn is familiar with both the leasing as well as the rental side. Working with him, we can take the commercial management of our assets to the next level, further develop the ESG policy and develop new, innovative investment strategies for our customers.”

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

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

For more information, please contact:

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

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

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

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

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

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

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

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

For more information, please contact:

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

Those who have not yet submitted an agreement should do so now in order to benefit from the free installation of a fiber-optic connection. Now it’s up to all the residents of Forsbach to play their part. When about 40% of the residents in the area have signed a pre-agreement for a novanetz internet product, the fiber-optic network financed by Open German Fiber will also be installed free of charge in Forsbach, without any installation costs for the residents. To reach this volume, agreements can be submitted until 30 June 2023.

“We welcome and support the willingness of Open German Fiber and novanetz to have a sustainable broadband network installed here in Rösrath. In the first phase, it is up to the residents in Kleineichen and Forsbach to play their part. Seize this opportunity for a future-proof Rösrath”, says Mayor Bondina Schulze.

In order to ensure a reliable fiber-optic internet connection for every household, a fiber-optic network must be installed throughout the area. This state-of-the-art network operates independently of the commonly used copper and cable technology and involves a switch of technology. This means that attempts will no longer be made to get more out of a technology than is physically possible. A completely new infrastructure is being created, or rather, a supply network, which extends through the neighbourhoods and suburbs and connects every household with its own fiber-optic cable.

To make the installation possible, we need the support of the residents. In other projects, we have seen that there are often a few neighbours who are actively committed to meeting the quota. “It is very important that the creation of fiber optics on site becomes the number one topic of conversation for a few weeks”, emphasizes Dennis Kornehl, director of novanetz GmbH & Co. KG.

When the quota is reached in the preliminary marketing phase, Open German Fiber, the partnership between MEAG, Ärzteversorgung Westfalen-Lippe and Primevest Capital Partners, invests in the passive communications network, while the main contractor German Fiber Solution (GFS) arranges the network. The provider, novanetz, then operates the active fiber-optic network.

The goal of all partners is to build a fiber-to-the-home (FTTH) network in large parts of the municipality of Rösrath in the coming years, thus enabling access to fiber optics for all citizens”, says Klaus Leckelt, Senior Acquisitions Manager at Primevest.

After the successful start of this first project, the idea is to include subsequent neighbourhoods in the preliminary marketing phase and to expand them in a timely manner.

More information about the project and the possibility to register directly is available at www.glasfaser-roesrath.de. Information and documentation can also be requested via info@novanetz.de, www.novanetz.de or by telephone at 0511 9999 8038.

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

From our offices in Utrecht, Eindhoven and Berlin, a team of around 70 professionals manage more than €3 billion in real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. The complementary brands joined forces in 2021 to grow their market position, network and to strengthen each other. Through this, we are able to provide a sustainable financial future to a larger and more diverse client base. The group initiated a total of over 60 funds, of which 28 are currently active. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

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

Contact at municipality of Rösrath:
Daniel Jan Moch
Broadband Coordinator
Tel.: +49 (0) 2205 802 404
DanielJan.Moch@roesrath.de
www.roesrath.de

About novanetz
novanetz is an internet service provider that is specialised in fibre-optic products, which are available when the fibre-optic network is connected in the home. The company offers high-speed internet products that can unleash the enormous potential of new fibre-optic technology with modern, contemporary download and upload speeds that are not achieved by conventional technologies such as DSL or VDSL. Together with their partners, novanetz is actively contributing to the federal government’s efforts to provide direct fibre-optic connections in regions which are not currently connected to an FTTH network. novanetz works with partners such as local energy companies, construction companies or municipalities in the construction and operation of the fibre-optic infrastructure.

Press contact at novanetz GmbH & Co. KG:
Dennis Kornehl
Director
Tel.: +49 (0) 511 9999 8035
presse@novanetz.de
www.novanetz.de

About MEAG
MEAG is the asset manager of the Munich Re Group. With their presence in Europe, Asia and North America, they offer their extensive know-how to institutional investors and private clients. MEAG currently manages assets worth approximately €307 billion, of which €55 billion is for private and institutional investor

Press contact at MEAG:
Dr. Josef Wild
Press spokesman
Tel.: +49 (0) 89 2489 2072
jwild@meag.com
www.meag.com

About GFS  
GFS is a skilled team with 20 years’ worth of experience in the field of fibre-optic network construction. Since the start of privatisation in the telecom sector, GFS has supervised all relevant projects for construction in Germany. GFS boasts a high-quality portfolio of projects covering both project planning as well as its execution and documentation. Due to its many years of experience, successfully completed projects as the main contractor, and not least through its close contacts with other communications companies, GFS knows exactly what the turnkey delivery of projects and networks is all about.

• Fiber-optic network expansion for more than 20,000 private households in several German states
• Funding under KfW’s “Digital Infrastructure” program

The investment loan is funded under the German government’s KfW Digital Infrastructure Program, which was launched to support the construction and expansion of the national fiber-optic network. As Primevest CP’s principal bank in Germany, Hamburg Commercial Bank has integrated the program into this financing. Under the current project, the necessary infrastructure will be expanded and leased to the network operator Vodafone, which will provide more than 20,000 private households with fiber-optic network connections (FTTH: fiber-to-the-home).

“We are pleased to have closed our fourth financing in 18 months with Primevest CP – a highly experienced investor in digital infrastructure,” said Inka Klinger, Head of Project Finance at Hamburg Commercial Bank. “In total, these projects will enable more than 120,000 private households to be equipped with fiber optic cables. Given the still insufficient supply of this modern technology in Germany, this is an important step towards nationwide availability with fiber optic cables.”

Bas van Dongen, communications infrastructure partner at Primevest Capital Partners, said: “With the fourth financing we have now secured the debt funding for the complete investment portfolio of the Primevest Communication Infrastructure Fund. The willingness of HCOB to continue with financing Primevests’ projects shows the good relationship and that at our way of investing in fiber-optic networks is highly appreciated providing stable and secure cash flows. We are looking forward to further expanding our investment portfolio in the coming period with the launch of PCIF II.”

Copyright picture: Hamburg Commercial Bank 

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

From our offices in Utrecht, Eindhoven and Berlin, a team of around 70 professionals manage more than €3 billion in real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. The complementary brands joined forces in 2021 to grow their market position, network and to strengthen each other. Through this, we are able to provide a sustainable financial future to a larger and more diverse client base. The group initiated a total of over 60 funds, of which 28 are currently active. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

For more information, please contact:

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

About Hamburg Commercial Bank
Hamburg Commercial Bank AG (HCOB) is a private commercial bank headquartered in Hamburg, Germany. HCOB offers its clients a high level of structuring expertise in real estate financing and has a strong market position in international shipping. The bank is one of the pioneers in pan-European project financing of renewable energies and digital infrastructure. HCOB offers individual solutions for international corporate clients as well as a focused corporate customer business in Germany. Reliable and timely payment products as well as other trade finance solutions also support the need of the bank’s customers. HCOB is aligning its activities with established ESG criteria.

For more information, please visit www.hcob-bank.de or contact:

Katrin Steinbacher
Head of Press Office
Phone 040 3333-11130
katrin.steinbacher@hcob-bank.com

Thomas Schwitalla
Press spokesman
Phone 040 3333-11425
Mobile 0170 48 68 137
thomas.schwitalla@hcob-bank.com

Others who were also present at the event included the executive civil engineering contractor GFS (German Fiber Solution) and the project investors, Primevest Capital Partners and MEAG, the asset managers of Munich Re and ERGO. Through their joint venture Open German Fiber, Primevest Capital Partners, MEAG and Ärzteversorgung Westfalen-Lippe are constructing local fiber-optic networks in under-served regions in Germany.

“We are not only investing in fibre-optic networks as such, but particularly in the infrastructure that is essential for the digital future”. “Together with Yplay, we want to launch more projects in the Wetterau area and the Main-Kinzig district in the coming months, thus rolling out a network across the entire expanse of the region”, explains Klaus Leckelt, Senior Acquisitions Manager of Primevest Capital Partners.

“We are very happy to have Yplay as a great local partner and we are proud to invest in a sustainable infrastructure that will boost Germany’s social, economic and digital development,” say Felix Kreppel and David Pecher, Investment Managers at MEAG. When installation begins in the various sub-areas, the residents of Neuberg still have the opportunity to have a connection to their homes installed free of charge. Once work has begun, Yplay can only restrospectively make a connection available for an amount of at least €1,500.

“All residents of Neuberg can now make good use of the opportunity to ensure a free fibre-optic connection. This is a once-in-a-lifetime opportunity. I look forward to a successful collaboration with Yplay and the civil engineering contractor and thank the investors who gave me an exciting glimpse behind the scenes”, said Neuberg’s Mayor Jörn Schachtner in closing.

Contact details of the contractor (German Fiber Solution) and the current state of the entire installation will soon be available on www.yplay.de/neuberg. Orders can also be placed online via this link.

About Primevest Capital Partners

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

From our offices in Utrecht, Eindhoven and Berlin, a team of around 70 professionals manage more than €3 billion in real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. The complementary brands joined forces in 2021 to grow their market position, network and to strengthen each other. Through this, we are able to provide a sustainable financial future to a larger and more diverse client base. The group initiated a total of over 60 funds, of which 28 are currently active. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

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

Olaf Steinbusch, Senior Acquisition Manager at Primevest Capital Partners, said: “Our third residential acquisition in Spain is completely in line with our investor’s investment strategy for the country. The development represents a solid investment opportunity on an A location in the capital of the Spanish province of Albacete, thanks to its proximity to the old city centre and other amenities as well as its high technical and sustainability standards.”

The scheme is located on the corner of Calle Alcalde Conangla 3 and Calle Serreriá in the city centre of Albacete, and the historic old town is within walking distance. The ‘Albacenter’ shopping centre is only 300 metres away, alongside shops, bars and restaurants while a primary and secondary school and one of the city’s three universities are also close by. The property has good public transport connections: a bus stop is located directly at the building’s doorstep and the main railway station can be reached within a 10-minute walk. Nearby port cities include Valencia in the east, and Alicante and Cartagena to the southeast. The city’s connection to the Spanish AVE high-speed train means Madrid is accessible within 1.5 hours and Valencia within 50 minutes. Albacete’s three universities have a total of around 10,000 students.

The 127 residential units range in size between 52 m² and 128 m², and are planned over five floors, while an underground car park will offer one parking space for each apartment. Each flat will have its own terrace or balcony and an individual storage room in the basement while four bicycle storage rooms for up to 100 bicycles will be installed on the ground floor. Residents will also have access to an outdoor pool and a gym situated on the ground floor.

The apartments will be equipped with LED lighting, floor heating, air-conditioning and well-dimensioned windows with external sun protection. The property, scheduled for delivery in the summer of 2025, is being built in line with EU requirements and will have an A energy label, the highest possible rating.

Sebastian Moreno, CEO at Grupo Albaluz, added: “Grupo Albaluz aims to allow every citizen in Albacete to enjoy affordable and high-quality housing. This new development will help meet this goal by stimulating Albacete’s rental market and is a great step forward for the city of Albacete and its residents.”

Drees & Sommer acted as technical consultants and CMS Albiñana & Suárez de Lezo as legal advisor for the buyer. Grupo Albaluz was advised by law firm Scasso Abogados.

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 real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. The complementary brands joined forces in 2021 to grow their market position, network and to strengthen each other. Through this combine, we are able to provide a sustainable financial future to a larger and more diverse client base. The group has initiated a total of over 60 funds, of which 32 are currently active. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

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

About Grupo Albaluz
Grupo Albaluz is a group of companies active in construction, sales, and real estate development. It was founded by two young entrepreneurs – Dimas de Andrés and Sebastián Moreno – who together have built more than 1,500 homes since 2013, mainly in Albacete city, Valencia, Alicante as well as the province of Catalonia and other areas in Spain. Albaluz plans to start construction and deliver 1,048 homes during 2023-2025.

More information via:  https://www.albaluz.es of info@albaluz.es

Primevest Capital Partners, an investment and asset manager for institutional investors, acquired the property from AEDAS Homes in early 2022. The property was also developed by AEDAS Homes, a leading national housing development company.

Olaf Steinbusch, Senior Acquisition Manager at Primevest Capital Partners, says: “This first Build-to-Rent project consolidates our investor’s investment strategy in Spain, which is based on acquiring properties in selected cities throughout the country. We are grateful to Enrique Molina Campos (Alba REIM) for sourcing and brokering this opportunity. Besides Spain, Primevest invests in residential projects and assets in Germany, The Netherlands, Denmark, Austria and in the future also in Italy. In addition Primevest invests in parking assets as well in other European countries such as Norway and UK.”

The property at ‘Jardines Hacienda Rosario’, consists of three buildings with 125 residential units sized between 60 m² and 115 m². There are also two commercial units and includes a parking garage with 196 parking spaces on two levels. All apartments have a storeroom, balcony or terrace, a fitted kitchen and built-in cupboards in all bedrooms. The project has been developed in the style of a resort with two swimming pools, six padel-tennis courts, a football field, basketball courts, a children’s playground, a jogging trail of more than one kilometre, a social club with catering services, large gardens and promenades.

The development has BREEAM certification which indicates high levels of sustainability based on features such as solar panels for electricity generation, heat pump air conditioning (without fossil fuels), rainwater and wastewater collectors, state-of the art LED lighting and a clean point for recycling waste, plastic, glass and paper, which will ensure substantial savings in energy and the economy for future residents.

Claudia Gerber, Senior Asset Manager at Primevest Capital Partners highlights: “In the case of Seville, where most of the rented properties are owned by private individuals, this building will provide a new supply, professionally managed and adapted to the rental market, combining many aspects of contemporary, affordable, and sustainable living. There is a high demand for the property due to its design and high quality of the buildings as well as the wide range of possibilities for leisure activities.”

Rental prices start at €600 per month for the 3-bedroom apartments, €700 for the 4-bedroom apartments and €950 for the 5-bedroom apartments, plus service charges. The property management will be handled by MVGM Property Management, one of the leading European property management companies for this type of product. The first tenants will be able to move in at the end of January. The Build-to-Rent project has been named ‘Las Delicias’ in reference to an historic garden in Seville’s city centre and will be marketed under this name.

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 real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. The complementary brands joined forces in 2021 to grow their market position, network and to strengthen each other. Through this, we are able to provide a sustainable financial future to a larger and more diverse client base. The group initiated a total of over 60 funds, of which 32 are currently active. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

For more information, please contact:

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

In the joint venture’s targeted structure, MEAG and ÄVWL will each hold 40% and Primevest CP 20%. MEAG will invest on behalf of entities of Munich Re and MEAG European Infrastructure One, MEAG’s infrastructure equity fund for institutional investors.

The joint venture will operate as a wholesale company and, together with anchor internet service providers (ISPs), it is set to deploy local fiber-optic networks in underserved areas across Germany. Primevest CP has been appointed as the asset manager and will coordinate investment plans to ensure that the infrastructure is built in accordance with the highest industry standards and tailored to operators’ needs.

For the initial regions, MEAG, ÄVWL and Primevest CP jointly selected areas which will provide at least 150,000 homes with access to high-speed internet. The areas are located in the regions of Hessen and North Rhine-Westphalia, where the ISPs novanetz and YplaY will be responsible for marketing the fiber-optic network to customers. Construction work in the regions will commence this year.

Primevest CP already has a presence in the same regions and partnered with the same ISPs through investments in its first Primevest Communication Infrastructure Fund (PCIF). Primevest CP will soon launch its second fund, PCIF II, and has already begun to raise equity. It is envisaged that PCIF II will also participate in the consortium.

Dominik Damaschke, Head of Infrastructure Equity at MEAG: “We are very pleased to have teamed up with Primevest CP and ÄVWL on this investment to build a successful long-term relationship. In addition, I am particularly pleased that – with Open German Fiber – we have generated the first investment for our recently launched infrastructure equity fund MEAG European Infrastructure One. Ongoing digitalisation leads to increasing data volumes and FTTH is the only technology that is able to cope with the required higher volume of data throughput. We see a huge market potential for the FTTH market in Germany. Despite its position as Europe’s largest economy, Germany significantly lags behind in FTTH coverage. We are proud to invest in a sustainable infrastructure that accelerates Germany’s social, economic and digital development, and also ensures attractive long-term returns.”

Markus Altenhoff, Chief Investment Officer at ÄVWL: “Last but not least, the Covid-19 pandemic – with its far-reaching protective measures to avoid contact – has shown how important a resilient digital infrastructure is. Only once this is in place can home office, home schooling and the like be guaranteed. With this investment, ÄVWL is proud to be able to support the nationwide expansion of the fiber-optics network in Germany. At the same time, by investing in a future-oriented and system-relevant business model, ÄVWL is adding another investment of stable cash flows and an attractive risk/return profile to its infrastructure portfolio.”

Bas van Dongen, Head of Communication Infrastructure at Primevest Capital Partners: “As first-mover in this asset class with a strategy focused on investing in passive communication infrastructure assets with long-term leases with internet service providers, we now see that this investment model is increasingly adopted by the industry. We are very pleased that we have been able to form a consortium together with MEAG and ÄVWL, leveraging on the knowledge and expertise we have built over the last few years and capturing the many investment opportunities in our investment pipeline. The roll out in the Hessen and NRW regions is a good example of Primevest’s successful investment strategy in Germany”.

The transaction is subject to approval from the competent merger control authorities and closing is expected in the course of 2022.

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 real assets across 12 European countries including sector-focused funds, individual institutional mandates and a number of funds targeting private investors as well as family offices following acquisition of the Holland Immo Group. The complementary brands joined forces in 2021 to grow their market position, network and to strengthen each other. Through this, we are able to provide a sustainable financial future to a larger and more diverse client base. The group initiated a total of over 60 funds, of which 34 are currently active. Primevest Capital Partners is part of Primevest Capital Partners Holding B.V.

PCIF has invested circa €250 million in greenfield fiber-optic networks in Germany and the Netherlands and has a further €100 million of investments currently under construction. 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. PCIF II will continue the successful investment strategy from the first fund. PCIF II will invest in telecommunications infrastructure assets, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management between €500 to €600 million with 70% invested in fiber-optic networks and 30% in traffic aggregation points and data centres.

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 MEAG
MEAG is the asset manager of Munich Re and ERGO with offices in Europe, Asia and North America and offers its extensive know-how to institutional investors and private clients. MEAG currently manages assets to the value of around €309 bn, €57 bn of which is for institutional investors and private clients.

Our recently launched infrastructure equity fund MEAG European Infrastructure One complements MEAG’s existing debt offering in the field of infrastructure and will invest in the transformation of the energy industry, digital infrastructure, sustainable transport and other essential infrastructure topics. The fund is classified under Article 8 of the EU Disclosure Regulation and has an attractive risk-reward profile.

About Ärzteversorgung Westfalen-Lippe
Ärzteversorgung Westfalen-Lippe (ÄVWL) is an institution of Ärztekammer Westfalen-Lippe. It is one of the largest professional pension funds in Germany with a current investment volume of around €15.5 billion, and is responsible for the retirement and occupational disability benefits of more than 60,000 members and pensioners.