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

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

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

Receive contract documents via www.glasfaser-huellhorst.de

About Primevest Capital Partners

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

From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group. Primevest Capital Partners is part of the Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners

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

Municipality Hüllhorst

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

Gustav internet

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

The 4,500 sqm complex, formerly occupied by Sparda-Bank Südwest, is located on the corner of the Beethovenstrasse and Sulzbachstrasse in the heart of the inner-city district of St Johann. It comprises three historic office buildings dating from 1909/1910 which are being converted into a residential complex with commercial units on the ground floor. The first floor totalling ca. 650 sqm is already rented to a physiotherapy practice. The transformation will be carried out in strict accordance with the municipality’s regulations for the preservation of historic monuments.

Danica Cicmil, Fund & Acquisition Manager at Primevest CP, said: “Primevest Capital Partners sees great potential in the city of Saarbrücken due to its geographic location, well-developed education sector and the strength of its economy which make this development a compelling investment proposition. It is also rewarding to be involved in the restoration of these historic buildings and bringing them back to life while providing much needed modern and affordable accommodation for families and young people.”

Upon completion the complex will provide 78 residential units across five floors and up to three commercial units on ground level. The apartments range in size from 22 to 111 sqm, with an average of 47 sqm. In addition, there will be 26 car parking spaces, some with EV charging points, and 167 bicycle parking spaces together with a communal laundry, and storage space totalling 260 sqm in the basement. After the renovation, the residential building will meet the energy requirements of an ‘energy-efficient monumental house’.

Saarbrücken is the capital of the federal state of Saarland and forms its economic, political and cultural centre. It is part of the QuattroPole city network comprising Luxembourg, Metz, and Trier, and has the largest population and biggest economic and cultural centres of the four cities. Saarbrücken itself has 330,000 residents while the surrounding region has a population of more than 1.2 million. The city benefits from very good motorway connections across Europe and the highspeed ICE Frankfurt-Saarbrücken-Paris railway line.

Saarbrücken is also an important science and research location thanks to the presence of a large number of scientific institutes and research facilities. In addition to six universities with over 20,000 students, the city also benefits from cooperation with nearby French universities and around one third of its workforce is employed in the science sector. The city is also home to a number of regional business/research alliances. For example, automotive parts manufacturer ZF Friedrichshafen AG opened the “ZF AI Center” in Saarbrücken university’s Scheer Tower in a strategic partnership with Helmholtz Center for Information Security (CISPA) to conduct research on artificial intelligence and cybersecurity in the automotive industry.

Primevest Capital Partners was advised by brokerage firm Raber Immobilienberatung GmbH. Legal due diligence was carried out by Deloitte Legal Rechtsanwaltgesellschaft GmbH and technical due diligence by DGI Real Estate Management & Advisory 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 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

• Fiber-optic network expansion in Rhine-Neckar region: connection of 35,000 private households
• Funding under KfW’s “Digital Infrastructure” program

Hamburg Commercial Bank (HCOB) provides a long-term financing of EUR 27.5 million to the Communication Infrastructure fund of Primevest Capital Partners (Primevest CP) for the expansion of fiber-optic infrastructure in the Rhine-Neckar region and thus underlines its leading position in the structuring of financing in the digital infrastructure. The investment loan is supported under the German government’s KfW “Digital Infrastructure” program and has a term of ten years.

Primevest CP is a pan-European investment boutique that specializes, among other things, in communications infrastructure. Primevest has already invested in several fiber networks on behalf of its first fund and launch of the Primevest Communication Infrastructure Fund II is in process. In Germany, Primevest CP focuses mainly on underserved areas. This is also the case in the Rhine-Neckar region: After completion of the project, around 35,000 households in Bretten and Sinsheim will be supplied with fiber optics of up to one gigabit and will be able to benefit from a modern as well as sustainable infrastructure.

KfW and the German Federal Ministry of Transport and Digital Infrastructure are supporting the construction and expansion of fiber-to-the-Home network connections with the newly launched “Digital Infrastructure” program. For this project, Hamburg Commercial Bank, as Primevest Capital Partner’s principal bank, provided the low-interest financing from the promotional bank. It will be used to extend an open access-capable fiber-optic network and lease it to interested Internet Service Providers.

“The use of the Internet for home office and home schooling, including video conferencing, cloud computing, TV, streaming and more, has increased significantly during the pandemic. To enable the volumes needed for this at ‘high-speed’, a modern fiber network across Europe is essential,” said Inka Klinger, Head of Project Finance at Hamburg Commercial Bank. “Primevest CP is a highly experienced investor in the digital infrastructure sector and we are pleased to have them as a new customer. The expansion of digital infrastructure is a core business area of HCOB and also from a sustainability perspective this transaction fits perfectly into our portfolio.”

Bas van Dongen, Partner Communications Infrastructure at Primevest Capital Partners said, “Hamburg Commercial Bank convinced us with its deep industry expertise in this project. In particular, the experience of the infrastructure finance specialists in structuring with the use of KfW funding, was a real added value. We look forward to further joint projects, which are already in the planning stage.”

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

Claudia Gerber, Senior Asset Manager at Primevest CP, said: “Primevest Capital Partners is acquiring in Roskilde after an absence of several years. This is a great quality project centrally located in a beautiful and traditional city, which we believe will appeal to different types of tenants, particularly young families. Our goal  is to invest in contemporary affordable housing, better communication infrastructure and modern car parks to enable future-proof urban living, connectivity and mobility.  We have capital to invest in residential properties across Europe, including Denmark, to fulfil our clients’ growth ambitions.”

The development will comprise five townhouses located at Kildegården 1 offering a total of 35 apartments, ranging in size from 84 to 119 sqm, of which five are penthouse apartments, each with their own rooftop terrace and balconies and the remainder apartments with two balconies. The scheme is centrally located in Roskilde within walking distance of the city centre and railway station. It is being developed by MT Højgaard Projektudvikling in cooperation with Danielsen Architecture. Primevest Capital Partners’ Berlin office was responsible for the transaction.

The sustainable building project will be DGNB Silver-certified and has been developed to blend with the local environment. Each apartment will have a dedicated parking area and four bicycle parking spaces will be created for every 100 sqm of living space.

One of the oldest cities in Denmark, Roskilde is located 30 km west of Copenhagen on the Roskilde Fjord. The municipality of Roskilde has around 88,000 inhabitants and, apart from Copenhagen, is one of the most popular places to live on the peninsula. The population has grown by around 8% in the last 10 years. This trend is expected to continue, with the Danish Statistics Office predicting 14% growth between 2018-2045, significantly higher than the national forecast. The city is home to numerous companies active in the food industry as well as several research institutes and university with 9,000 enrolled students. The residential development is located southwest of downtown Roskilde and extends from Kildegården 1 along Møllehusvej to Helligkorsvej.

Lise M. Bækgaard, associate partner at Danielsen Architecture, added: “Our cooperation with Primevest will allow us to realise the architectural vision we had for this area and to create a diverse residential complex that ticks all the boxes in terms of future sustainability requirements. While we aim to meet the needs and desires of a modern family with this development, we also wanted to ensure that the architecture fits in with its surroundings and the historical context.”

MT Højgaard Projektudvikling is already receiving leasing enquiries from Roskilde residents. The firm’s construction arm Enemærke & Petersen  started work this autumn.

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 future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. 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.

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

AIFM-regulated Holland Immo Group offers funds specialising in residential properties, healthcare real estate and car parks to both private and institutional investors and has AUM of €0.9 billion across more than 25 real estate funds in the Netherlands, Germany, Italy, and Spain. The purchase price was not disclosed.

Peter Helfrich, Managing Partner at Primevest Capital Partners: “Holland Immo Group has an outstanding reputation in the Netherlands thanks to the performance of its funds, its strong and loyal client base and an excellent track record that goes back more than two decades. We have very complimentary businesses and through the 30-strong team of Holland Immo Group we will have direct access to established relationships with private investor clients and family offices. This deal also adds a wealth of knowledge to our already experienced team and will further strengthen our capabilities across all areas including acquisitions, asset and risk management and compliance. We have set out a vision 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, and this acquisition will help us to deliver on our ambitions.”

Manfred Kühl, Chief Executive Officer at Holland Immo Group: “Both Primevest and Holland Immo Group are boutique firms specialising in alternative real estate assets that are seeing huge demand from investors and occupiers. As a combined group we can offer a highly professional team, strong fund and asset management expertise and a large acquisition network across these niche markets.  We are a great fit in terms of assets under management with portfolios across the residential, healthcare and parking segments, and with Primevest’s focus on institutional investors and our own on private investors and family offices, we are expanding our access to new investor groups.”

The market for real estate investment funds, including alternative asset classes such as car parks and telecommunications infrastructure, has shown steady growth over the last decade. Demand for these funds from private and semi-institutional investors will accelerate further as the population gets structurally older and the need for individuals to manage their own retirement schemes increases. The low interest rate environment is leading to a rotation from government bonds and savings accounts into other asset classes as a rising number of private investors follow the lead of institutional players and look elsewhere for stable income sources for their personal retirement schemes.

Numerous studies show that indirect real estate investments through fund vehicles provide diversification benefits combined with inflation hedging. Greater regulatory protection has helped boost private investors’ confidence and interest in such products and the growth of online services and fintech solutions is also expected to improve access to these specialist vehicles.

Peter Helfrich concluded: “We are seeing significant growth in the private and semi-institutional markets following a growing group of people making their own retirement provisions and are looking for a trusted provider in this market. Primevest Capital Partners, together with Holland Immo Group, can fulfil that need and offers a comprehensive and expanding range of investment opportunities for its clients.”

Peter Helfrich and Gaston Hupkens joined Primevest Capital Partners in August this year as Managing Partner and Head of Operations respectively. The senior management team includes partners Bart Pierik, Hans-Peter Renk and Bas van Dongen. Together with Holland Immo Group the combined team consists of approximately 70 professionals who will continue to operate from offices in Utrecht, Eindhoven and Berlin.

About Primevest Capital Partners Holding B.V.
Primevest Capital Partners Holding B.V. consists of Primevest Capital Partners Nederland B.V., Primevest Capital Partners Deutschland GmbH and Holland Immo Group B.V. The Board of Primevest Holding, comprising Peter Helfrich, Gaston Hupkens and Bart Pierik, is indirectly responsible for the management of both Primevest Capital Partners and Holland Immo Group. Peter Helfrich and Gaston Hupkens will join the board of Holland Immo Group. The total combined volume of the portfolio is approximately €2.8 billion.

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 future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. 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 and Berlin, a team of 40 professionals manage €1.9 billion of assets across six sector-focused funds and two individual institutional mandates.

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 Holland Immo Group
Holland Immo Group offers real estate investment funds to private and institutional investors as well as family offices. Founded in 2001 by Manfred and Thomas Kühl, the company has since initiated 54 vehicles with a total investment volume of €1.6 billion. Holland Immo Group invests in Dutch homes, parking garages and German convenience stores. Following the sale of a large number of funds to institutional investors between 2016 and 2021, new investment fund strategies have deepened their focus on Dutch housing and parking garages in Europe. Within the residential segment, the company targets housing for young professionals and residential concepts for seniors including assisting living. It collaborates closely with various residential healthcare operators and real estate developers, including Long at Home Investments, a spin-off of Holland Immo Group which develops assisted living concepts and invests in healthcare providers. A team of 30 professionals manages the portfolio of approximately €0.9 billion in investments.

For more information, please contact:
Holland Immo Group
Manfred Kühl MRICS/Peter Helfrich
T: +31 (0)40 235 26 35
https://www.hollandimmogroup.nl/

The Dutch municipality of Renkum near Arnhem recently became the first ‘smart’ district in Europe after installing this sustainable and adaptable form of street lighting. Other municipalities and cities elsewhere in the Netherlands and beyond are expected to follow suit due to the huge and growing shortage of electric charging points.

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

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

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

The number of electric cars in use globally is expected to explode over the next 10 years from 11 million in 2020 to 145 million in 2030, according to IEA estimates. In Europe, Norway (18.1%), Iceland (5.5%) and Sweden (3.7%) lead the way in terms of the market share of electric cars versus total stock. The UK aims to increase the number from 450,000 in 2020 to eight million by 2030. Germany is currently the largest market in Europe for electric cars: by 2020, 14% of all new cars sold were electric and the total number now stands at over 700,000.

Charging points for electric cars are just one of the new types of street furniture being added to public spaces. In the Netherlands, mobile telecom providers need to have access to 5G masts under requirements set by the Dutch economic affairs ministry for participation in the auction for national 5G frequencies. Dutch municipalities are also required to reduce their energy consumption by 55% by 2030 (EU fit for 55) and their CO2 emissions by a similar percentage to comply with the Dutch climate accord. Smart multifunctional lamp posts fitted with LED lighting can make a major contribution to achieving this goal.

Heimen Visser, Fund Manager Communication Infrastructure & Smart Cities at Primevest CP, concluded: “The municipality of Renkum is a pioneer in the Netherlands and perhaps the world with the installation of this smart infrastructure. We expect that other municipalities in the Netherlands, but also elsewhere in Europe, will soon follow Renkum’s example and roll out our multifunctional lamp posts. Our Smart City Netherlands model, which we have developed in collaboration with the Dutch municipalities bank BNG Bank, can easily be scaled up. And thanks to its multifunctional character, our smart masts are also much more sustainable and cheaper to purchase and maintain than the traditional lamp post.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. At Primevest Capital Partners, our vision is to future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. 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 and Berlin, a team of 40 professionals manage €1.9 billion of assets across six sector-focused funds and two individual institutional mandates.

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

Helfrich joins Primevest CP from PATRIZIA AG where he was Head of Southwest Europe; Country Manager Netherlands and a Senior Managing Director for over seven years. He is also currently a member of the advisory board of Dutch Smart digital car park operator ParkBee and a member of the advisory board of the PATRIZIA Foundation. Prior to this, Helfrich worked and lived in Sweden, Germany and Italy for CBRE Global Investors EMEA and ING Real Estate Investment Management. Hupkens has also moved from PATRIZIA AG where he was Head of Asset Management BeNeLux and Head of Operations & Finance. He has also held positions at ABN AMRO Bank N.V., Bouwfonds IM, Rabo Real Estate Group, Corio N.V. and Deloitte.

Following these appointments, the Board of Primevest CP will comprise of Peter Helfrich, Gaston Hupkens and partner Bart Pierik as Head of Infrastructure. Partners Hans-Peter Renk and Bas van Dongen complete the senior management team, who lead a group of 40 professionals from offices in Utrecht and Berlin. The company has €1.8 billion of assets under management across six sector-focused funds and two individual institutional mandates.

Peter Helfrich, Managing Partner Primevest CP, said: “Primevest sits at the epicentre of the great converging trends in communications and data infrastructure, affordable residential real estate and urban mobility that are defining the emerging ‘Smart City’ landscapes of the future. We have received strong backing from our major shareholder CommonWealth Investments to rapidly scale up and extend the highly successful current business areas through both organic growth and corporate acquisitions, to position the company to target these unprecedented opportunities for our investors.“

Gaston Hupkens, Head of Operations, Primevest CP, concluded: “Our ambition is to be in the vanguard of innovation in providing the infrastructural backbone of the new digital economy, while also integrating the highest levels of sustainability across our real estate investments. Primevest’s prime differentiator is that we sit at the interface between investors, operating companies and municipalities, facilitating interaction and understanding between all these partners and ensuring investment flows into essential upgrades to digital networks and the installation of the superfast broadband highways which are lacking in many of Europe’s cities.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. At Primevest Capital Partners, our vision is to future-proof our cities by delivering better urban living, connectivity and mobility as we invest across Europe in contemporary, affordable homes, communication infrastructure and car parks. 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 and Berlin, a team of 40 professionals manage €1.8 billion of assets across six sector-focused funds and two individual institutional mandates.

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

Danica Cicmil, Fund & Acquisition Manager at Primevest Capital Partners, said: “Aachen is an important regional employment hub on the western border of North Rhine-Westphalia and the city’s current shortfall of modern affordable housing will rise in the future due to its growing population, particularly when rental subsidies for a substantial portion of this segment are withdrawn in 2027. These positive supply / demand market characteristics, combined with the low risk and secure income attributes of the asset make this latest acquisition an attractive proposition for our investors.”

The virtually fully-let residential complex is located on Drosselweg 17-25 to the southeast of Aachen’s city centre, which is a three-kilometre drive (30-minute walk) away, in a traditional residential area with many local amenities including shops, a school, kindergarten and children’s playground. A bus stop is located some 300 metres from the property and the Rothe Erde S-Bahn tram station lies 900 metres away.

Aachen

The complex was completed in December 2020 and comprises five three-storey buildings with a mezzanine floor together with 38 residents’ parking spaces to the rear. The attractive one-to-four-room homes, with either a balcony, roof terrace or garden, range in size from 48 m² to 90 m² with an average size of 72 m². Heating is provided by an air-source heat pump and the apartments have underfloor heating and triple glazing.

The city of Aachen has taken 10-year leases on 10 apartments to accommodate refugees. The remainder are being let on rent-controlled contracts with 28 apartments capped at a maximum of €5.50/ m² per month and nine apartments at a maximum €6.45 / m².

Aachen is located close to the Belgian city of Lieges and the Dutch city of Maastricht to the west and Bonn and Cologne to the east. Its industries include engineering, sciences and IT and the city is home to several universities of applied sciences, of which Germany’s leading university of excellence RWTH (Rheinisch-Westfälische Technische Hochschule) is the best known.

Aachen

Primevest Capital Partners was advised by REIUS Rechtsanwälte Partnerschaft mbB, Hamburg on legal matters and by Drees & Sommer,  Stuttgart on technical matters. The seller was advised by HauckSchuchard, Frankfurt am Main.

About Primevest Capital Partners

Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialised investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.8 billion, spread across six sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:

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

About MERKUR Development Holding GmbH
MERKUR Development Holding GmbH, Rüsselsheim, acquires, develops and manages properties across Germany in the areas of commercial, residential, hotel and public real estate. Founded in 1936, the company was initially active as an asset manager and, after 1994, also as a project developer. Since then, it has specialised in land acquisition,  planning and securing building rights, architectural designs, financing and construction project management.

www.merkur-development.de

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

Danica Cicmil, Fund & Acquisition Manager at Primevest Capital Partners said: “This development in the growth region of Lower Saxony will offer young families and older people alike attractive and affordable accommodation in modern, purpose-built apartments within a 10-minute walk of Peine’s city-centre amenities. This fundamentally sound investment for our client is supported by forecasts which show that Peine’s 50,000-strong population is expected to grow significantly while the town is currently experiencing a housing shortage.”

Peine is a mid-sized town located some 40 kms east of Hannover and 25 kms to the west of Braunschweig. The Gunzelinstraße development is being constructed on the site of a former indoor swimming pool. The eight, four-storey buildings will incorporate one- to four-room residential units, ranging in size from 40 to 120 sqm, all with balconies or terraces, and accessible by lift. Residents will have access to shared communal gardens and a children’s playground. The property will also include a total of 128 parking bays, 68 of which will be situated in an underground car park. The city centre is 900 metres to the north-east and several supermarkets and schools are located nearby.

The building has been constructed to very high sustainability standards in line with the German KfW-55 regulation, a high standard energy building.

Primevest Capital Partners was advised by law firm CMS Berlin and by DGI Real Estate Management & Advisory GmbH on technical matters. Neopolis Advisory acted as consultant on the transaction. Hannover-based law firm Bethge Rechtsanwaltgesellschaft GmbH acted on behalf of the vendor.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.8 billion, spread across six sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Dutch-German investment manager Primevest Capital Partners and communications group Vodafone Germany are to roll-out a state-of-the-art fiber optic network in the city of Hadamar in the Hessian district of Limburg-Weilburg. Primevest will finance and build the infrastructure for around €20 million and lease it back to operator Vodafone, which will market and provide ultra-high-speed internet services over the new network.

With the expansion of the fibre optic network in the city of Hadamar, we are opening a new chapter in the cooperation with Vodafone.

Bas van Dongen, Primevest Capital Partners

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. Due to its extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.8 billion, spread across six sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.comcp.com
www.primevestcp.com

About Vodafone Germany
Vodafone is one of the leading telecoms and technology service providers in Germany. Half of all citizens in Germany are Vodafone customers – using Vodafone technology to access the internet, make calls and watch TV; and for connectivity at offices, farms and factories. The Düsseldorf-based company provides a comprehensive portfolio of internet, mobile, fixed and TV services. As digital transformation partner to German business and industry, Vodafone caters to enterprises of all sizes, from startups and SMEs to DAX-listed corporations. Vodafone is the #1 mobile network operator in Germany: no other market player connects more people and machines in Germany via its mobile network. It also has more gigabit fixed network connections and more TV customers in the country than any other German company.

Vodafone Germany employs some 16,000 people and generates total revenue of about €12 billion per year with more than 55 million mobile SIM cards, almost 11 million fixed broadband customers, 14 million TV customers and numerous digital solutions. As a gigabit company, Vodafone is a key contributor to the development of Germany’s infrastructure. Its German cable footprint extends to almost 24 million households and it provides a gigabit service to over 22 million of those. Vodafone intends to provide two-thirds of all German citizens with gigabit connections by 2022. With its 4G network, Vodafone reaches more than 98% of Germany`s households and the Vodafone NB-IoT network for the industrial and business sectors is delivering IoT connectivity on 97% of Germany’s total area. Vodafone has been operating Germany’s first 5G network since mid-2019. Its 5G services will be available to around 15 million people by 2020 and to 30 million people by 2021.

Vodafone Germany is the largest operating company of Vodafone Group, one of the world’s largest telecommunications companies, contributing around 30% of its revenues. Vodafone Group has over 300 million mobile customers, more than 27 million fixed broadband customers, over 22 million TV customers and connects more than 112 million IoT devices worldwide.

Vodafone is connecting people, places and things around the globe to improve lives and create a better future. A focus on sustainable business practices ensures that the technology building tomorrow’s digital world does not come at the cost of our planet. Vodafone uses electricity from renewable sources, is switching to an electric vehicle fleet, has a sustainable supply chain and re-purposes, re-sells or recycles 100% of network waste.

A diversity and inclusion agenda with a wide range of measures is at the heart of the Vodafone culture. It includes support for families, networks for women, fathers and members of the LGBT+ community, as well as diversity training programmes for managers. Vodafone is respectful of all individuals, regardless of nationality, disability, age, religious or sexual orientation, gender identity, belief or cultural background.

More information: www.vodafone-deutschland.de or www.vodafone.com