Primevest Capital Partners acquires two multi-storey car parks in Vienna from Rhomberg Bau for 20 million euros

The Dutch-German investment manager Primevest Capital Partners has acquired two newly built multi-storey car parks, a supermarket and a commercial unit in Vienna for around 20 million euros for its Primevest European Parking Fund IV.

The seller is the client Rhomberg Bau GmbH, who also built the objects together with Goldbeck Rhomberg as general contractor. The multi-storey car parks “Hauptbahnhof Ost 1&2” with more than 800 parking spaces are located in Vienna’s new Sonnwendviertel district and are leased on a long-term basis to the car park operator Goldbeck Parking. The supermarket is a Hofer branch (Aldi Group), the commercial unit is rented by the bouldering hall operator Boulderbar. Additional income is generated from leases for communication antennas and solar systems on the roof of the parking garages.

The Sonnwendviertel is one of Vienna’s largest revitalization projects. It is located in the “Favoriten” district, one of the most densely populated parts of the city with over 200,000 inhabitants. On the site of the former Südbahnhof, 5,500 new apartments for 13,000 residents, offices and hotels as well as social and cultural facilities were built here. As the main parking spaces for the district, the two multi-storey car parks “Hauptbahnhof Ost 1&2” will primarily cover local needs. In the future, they could also support the new Vienna Central Station, which opened in 2014 and is only a 10-minute walk away, as well as the districts on the other side of the railway line, which can be reached via a new pedestrian bridge.

Bas Magielse, fund manager of Primevest Capital Partners, said: “The traditional role of multi-storey car parks as a pure parking space for vehicles is changing. They are evolving into centres with a wider range of services and are increasingly being integrated into urban infrastructure as the availability of expensive street parking spaces decreases and municipalities restrict vehicle access to city centres. Consumers benefit from the additional services these centers can provide, from electric car charging stations to e-commerce pickup services. With the supermarket and the additional services, this acquisition will become a key service centre for the Sonnwendviertel.”

Martin Summer, Managing Director of Rhomberg Bau in Vienna, explained: “Parking garages are very purpose-driven in their function, but that hasn’t stopped us from attaching great importance to aesthetics and sustainability in the development of this project. The goal was to make our investment ‘future-proof’ by securing and maximizing its value for years to come. The design of the facades, for example, was the result of an architectural competition, and the sides of the multi-storey car parks facing the residential buildings are partially greened. In addition, we have equipped the roof areas with a photovoltaic system that supplies the park operation with electricity and can feed excess energy into the public grid.”

Bas Magielse, fund manager, adds: “Vienna has proven to be one of the most economically consistent cities in Europe, and this property meets exactly the criteria of our investors. This acquisition reinforces our pan-European portfolio of high-quality and sustainable assets, which are in high demand among investors. We remain in acquisition mode and have capital to invest in parking garages across Europe.”

Primevest was advised by Drees & Sommer on the technical aspects, while TPA acted as financial and tax advisor and cmS advised on the legal side.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique specializing in innovative real estate and real estate investments. Due to its extensive industry knowledge with a focus on specialized investment areas such as parking, telecommunications and affordable, contemporary housing, Primevest Capital Partners has become a leading provider in these areas. Our ultimate goal is to achieve attractive risk-adjusted returns for our clients. In doing so, we pay attention to sustainable returns and added value. Primevest Capital Partners currently manages €1.8 billion in assets across six sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently employs 40 people in Utrecht and Berlin.

Press contacts:
Primevest
Capital Partners Lisette van
der
Ham Head of Marketing & Corporate Communications lisette.vanderham@primevestcp.com
www.primevestcp.com

About Rhomberg Bau
In the Construction division, the Rhomberg Group acts as a full-service provider and offers solutions and services for all life cycle phases of public and private buildings. This holistic approach ensures the optimization of customer benefits and life cycle costs and also enables the realization of projects that fully meet the criteria of sustainability. Rhomberg Bau’s range of services ranges from planning and project development to residential construction, public and commercial building and civil engineering, conversion and renovation to real estate or business park management. The focus is on user-oriented, ecologically valuable and socially meaningful solutions for living, working or meeting spaces. Rhomberg Bau is active as both a total contractor and a general contractor and realizes turnkey projects.

Press contacts:
Rhomberg Bau
GmbH Torben
Nakoinz Torben.nakoinz@rhomberg.com
www.rhomberg.com

Primevest Capital Partners and ParkBee team up to acquire and operate two smart mobility car parks in Rotterdam

Dutch-German investment manager Primevest Capital Partners and digital car park operator ParkBee have teamed up for the acquisition and operation of two prime car park assets in Rotterdam. Primevest has purchased the asset for around €14 million for its Primevest European Parking Fund IV, while digital car park operator ParkBee will run the daily operations under a long-term lease contract.

The two car parks are located at Wijnstraat 78 & 100, in the heart of Rotterdam’s inner-city business district between its main shopping area and the old port of Rotterdam, with the central business district, Maritime Museum, the Markthal and Cube Houses among the attractions served by the car parks.

Rutger Schuur, CIO at ParkBee said: “The assets offer ample opportunity for improved performance as digitalisation helps us to increase use by directing drivers to empty spaces. With our smart systems we help customers to find the most convenient parking location for the most attractive price across our large network of digitally connected garages. We see substantial opportunities in Rotterdam to increase turnover by encouraging short term use from the adjacent business district as well as from visitors to the city and local residents. Centrally-located car parks and knowledgeable owners such as Primevest allow us to deliver a better all-round user experience and make optimal use of existing urban infrastructures such as the Wijnstraat car parks.”

Bas Magielse: Fund Manager Primevest: “Digitalisation adds value to an asset, making off-street parking quick, cheap and easy as smart operators like ParkBee use technology to direct users to vacant parking bays. Purpose-built car parks reduce the number of vehicles parked on the streets and smart traffic systems lower congestion and pollution thereby making a positive contribution to the environment. This is a win-win for all concerned: from car users to municipalities to operators and investors.”

Primevest has capital available to invest in prime inner city car parks and remains acquisitive. Car parks have proven to be resilient, offering stable long-term cashflows and providing diversification benefits to institutional real estate investors. As a vital part of the infrastructure of cities, their resilience is supported by the trend of removing on street parking to open up public space while keeping cities accessible.

Primevest was advised by technical consultant RPS and law firm CMS NL.

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 eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

German ‘showcase tech town’ Bretten has its €20 million fibre-optic network completed by BBV, Primevest Capital Partners and ZTE partnership in final phase rollout

A partnership of ZTE Germany, Primevest Capital Partners and German broadband provider Breitbandversorgung Deutschland (BBV) has completed a €20 million roll-out of a fibre-optic cable network.

A partnership of ZTE Germany, Primevest Capital Partners and German broadband provider Breitbandversorgung Deutschland (BBV) has completed a €20 million roll-out of a fibre-optic cable network across Bretten in the Karlsruhe region in the south of Germany, linking more than 3,800 homes and 3,000 buildings and laying 700 kilometres of cables across the city. The final phase of the project added Bretten’s inner-city centre to the network.

Even before the network was expanded, the town of Bretten had become a showcase for the national roll-out of fibre-optic networks and the performance of this new technology in Germany, which has lagged other European economies in the adoption of high-speed broadband infrastructure. The partnership was such a success that it is now being used as a model for the further development of fibre-optic networks elsewhere in the country.

Kersten Walter, Senior Asset Manager at Primevest Capital Partners, said: “This was our first investment with ZTE and BBV where German insurance companies and pension funds are providing long-term capital through the Primevest Communication Infrastructure Fund, to enable local network operators expand their fibre-optic networks. A key factor for the successful completion of this first project was the strong commitment of BBV, ZTE and Primevest Capital Partners to the partnership.”

Technology provider ZTE, investment manager Primevest Capital Partners and national network operator BBV Deutschland formed a partnership in the summer of 2017 to build a high-performance gigabit network in the city of Bretten. The first two phases connected five districts to the fibre-optic network, providing high-speed broadband access to private households, businesses, schools and public institutions from mid-2018. The final phase, now completed, encompassed Bretten’s inner-city centre and presented the partners with new challenges, including the need to relocate the city’s pedestrian zone and protect its historic houses. The three partners managed to complete the project on time despite these hurdles.

Manfred Maschek, Managing Director of BBV, said: “In February 2019 we became the very first network operator in Germany to provide symmetrical services ranging from 100 Mbit per second to 1 Gbit per second to private and business customers across Bretten. With the completion of the final phase, we have added a large number of new end-customers that far exceeded our expectations.”

The project represents technology provider ZTE’s entry into a broader Fibre-To-The-Home (FTTH) partnership and has acted as a catalyst for other projects in cooperation with BBV and Primevest.
Yang Lin, Managing Director of ZTE Deutschland GmbH, explained: “We will continue to concentrate on expanding fibre-optic networks across Germany. We have built up expertise though the installation of smaller networks in semi-rural areas that will enable us to carry out projects on a larger scale and with larger network operators in the future.”

ZTE was the general contractor for the project in the Karlsruhe district, supplying the active network components as well as expanding the entire passive network for Bretten. ZTE’s technology consists of Optical Line Terminals (OLTs) and Optical Network Terminations (ONTs), with the OLTs serving as nodes between the main network and the last mile to the customer.

About Primevest Investment Management
Primevest Capital Partners is a pan-European investment boutique that delivers innovative investment strategies in the asset classes of parking, telecommunications and contemporary and affordable living. We are one of the leading providers in Europe in our core business areas. We aim to provide our customers with attractive and sustainable returns. Primevest Capital Partners, with around 30 employees in Utrecht / the Netherlands and Berlin, Germany, currently manages assets of €1.7 billion, spread over eight sector-specific funds and three individual institutional mandates.

Press contact Primevest Capital Partners
Lisette van der Ham
Director of Marketing and Corporate Communications
+ 31683200561
lisette.vanderham@primevestcp.com
www.primevestcp.com

About BBV Germany
Broadband provider Breitbandversorgung Deutschland (BBV) operates nationwide through regional companies focusing on rolling out global Internet services via Fibre-To-The-Home (FTTH) networks connecting residential and business customers in districts throughout the country. The company belongs to UK-based Infracapital, a financially strong firm that invests in the sustainable development and expansion of critical digital infrastructure via fund vehicles. The company focuses on the large-scale expansion of FTTH in underserved areas in semi-rural regions where broadband connections are inadequate. The company’s core competencies include planning, building and marketing high-performance and future-oriented FTTH products and networks. It is one of Germany’s private-sector pioneers with a reputation for being innovative. The company was the very first Internet provider to facilitate connectivity across a wide range of gigabits at symmetrical speeds as a standard. BBV is a member of the broadband and telecommunications associations Buglas, BREKO and VATM.

Further information: www.bbv-deutschland.de
Press contact:
Thomas Fuchs
Press office BBV Germany
Tel: 0171 4483 168 –
Email: presse@bbv-deutschland.de

About ZTE
ZTE is a Chinese technology company that specialises in next-generation telecommunication systems, mobile devices and network solutions for consumers, network operators, companies and public-sector users. The company offers its customers integrated end-to-end solutions and delivers excellent value-added services for the increasingly converging telecommunications and information technology sectors. ZTE is listed on the Hong Kong and Shenzhen stock exchanges. Its products and services are sold to over 500 operators in more than 160 countries. ZTE invests 10% of its annual sales on research and development and also participates as a leading player in a number of industry organisations for the development of international standards. ZTE is committed to corporate social responsibility as part of its CSR strategy and is a member of the UN Global Compact network.

For more information about the company, go to: www.zte.com.cn.

Pressekontakt ZTE
ZTE Deutschland GmbH
Susanne Baumann
Fritz-Vomfelde-Str. 26-30
40547 Düsseldorf
Tel. +49 163 8199405
E-Mail: susanne.baumann@zte.com.cn

Presseagentur ZTE
LEWIS Communications
Lisa Brandes/Ann-Christin Schiller
Johannstraße 1
40476 Düsseldorf
Tel. +49 (0) 211 8824 7601
E-Mail: ZTEGermany@teamlewis.com

Primevest Capital Partners and T-Mobile Extend Super-Fast Internet to another 45,000 Households in Rotterdam in Third Dutch City Deal

Rotterdam has become the third large city in the Netherlands where telecoms provider T-Mobile and Smart Cities investor Primevest Capital Partners are teaming up to offer 45,000 households access to super-fast Internet services by the end of 2021.

This will bring the total number of Dutch households that T-Mobile is connecting with superfast Internet connections via Primevest’s fibre-optic networks to 130,000 next year, following similar deals by the consortium in the past 18 months in The Hague and Eindhoven. The networks in Rotterdam will be built by partners Van Gelder Telecom and VolkerWessels Telecom.

Under the latest deal, the Primevest Communication Infrastructure Fund (PCIF) has reached agreement in principle with local network builder L2Fiber to take over its existing network in the Rotterdam district of Kralingen and to double its reach to approximately 15,000 households. As PCIF’s main client, T-Mobile will lease the fibre-optic network from the fund to offer superfast Internet services and open it up to other providers. In addition, Primevest and T-Mobile will start rolling out a new fibre-optic network in the Rotterdam district of IJsselmonde.

The Covid-19 crisis has clearly shown that the winning cities of the future will be those with the best Internet infrastructure that allows their digitalised economies to stay a step ahead of the rest, Barbara Kathmann, Rotterdam Municipality’s Alderman for Economic Affairs, said: “An Internet connection has become a basic need at home, as self-evident as water or electricity. Residents of Rotterdam must be able to count on fast, safe and reliable connections and a wide choice of Internet services. During the Covid-19 lockdowns, a good Internet connection has become crucial for everybody in Rotterdam who has had to work from home, as well as for the healthcare sector and businesses and retailers who offer their products online. I am delighted that the T-Mobile and Primevest Capital Partners consortium is allowing more Rotterdam households and entrepreneurs to benefit from superfast Internet. This deal brings us closer to our goal to connect all of Rotterdam to a fibre-optic network within the next five years. In Kralingen, the consortium is also providing a great solution in terms of completing the project started by L2Fiber in 2018.”

The deal to take over and extend Rotterdam’s fibre-optic network will enable T-Mobile to offer local resident access to the internet at speeds of up to 1 Gigabit per second (Gbps) at the lowest possible price. T-Mobile customers that already have an Unlimited T-Mobile mobile subscription will pay only €25 per month for super-fast Internet at home. The first users in Rotterdam will be connected in the spring of 2021. Van Gelder Telecom and VolkerWessels Telecom will construct the fibre-optic networks in Rotterdam for PCIF and be responsible for the long-term maintenance. The companies make use of an innovative installation method in which cables are laid up to five times faster than standard techniques thereby causing less inconvenience in the local environment.

PCIF has invested nearly €100 million from long-term pension fund and insurer institutional investors and has a further €50 million of investments currently under construction. PCIF is targeting additional equity commitments in the coming period for institutional investors. The fund invests in communication infrastructure, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management of between €500 to €600 million with 70% invested in fibre optic networks and 30% in traffic aggregation points and data centres.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest Capital Partners acquires 86 subsidised apartments in ‘My Smart City Graz’ for € 18.5 mln

Primevest Capital Partners has purchased a residential development for approximately € 18.5 million in My Smart City Graz, Austria on behalf of a German pension fund.

The project, located on Waagner-Biro-Strasse and the corner of Dreierschützengasse, comprises 86 subsidised apartments and two commercial units, totalling some 5,200 sqm of lettable space.

Patrick Müller, Fund & Acquisition Manager, Primevest Capital Partners, said: “We have been championing the delivery of affordable, modern residential accommodation across Europe for a number of years and this development in My Smart City Graz is a perfect example of the future of housing. It also fully matches our German partner’s long-term vision to provide sustainable low-cost housing in cities that have strong future growth prospects.”

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

‘My Smart City Graz’ is emerging on the site of a former industrial area north of the main train station. It is a well thought out urban planning concept characterised by a balanced mix of space and good connections to the established surrounding neighbourhood. The scheme includes new residential, office and business accommodation and is being developed under ‘Smart City’ principles that combine sustainable technologies, flexible mobility solutions and renewable energy supply.

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

The advisors to the transaction were COMFORT Austria GmbH and TOP Consulting GmbH, legal firm SCWP Schindhelm, auditors BDO and technical consultants Drees & Sommer.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest Capital Partners buys €16.5 mln asset in Tilburg

Dutch-German investment manager Primevest Capital Partners has acquired the ‘Heuvelpoort’ multi-storey car park in Tilburg in the Netherlands for €16.5 million from Tilburg Centrum OG B.V.

This acquisition, for the Primevest European Parking Fund IV, brings Primevest’s total car park assets under management to over €1.0 billion and confirms its position as the largest investor in this specialist property asset class in Europe.

Heuvelpoort is located in Tilburg’s city centre and has 375 parking spaces spread over a ground floor and 11 split levels above. The property was built in the 1980s and was renovated and expanded in 2017. Primevest is to lease the car park back to the current owner/operator who will continue to optimize its performance.

Ruud Roosen, Partner, Primevest Capital Partners, says: “Well-located, inner city car parks make resilient investments and Heuvelpoort is a good example. It is set in a prime location close to Tilburg’s main shopping area, which according to InRetail is proving to be one of the Netherlands most robust city centres during the Covid-19 pandemic. There are also a theatre, Pathé cinema and Mercure hotel nearby, all of which ensure that the car park is in use 24 hours per day.”

Tilburg is the seventh most densely populated city in the Netherlands with 220,000 inhabitants and one of the country’s 12 university cities with 30,000 students. It is in the southern province of Noord-Brabant, near to the Belgium border, and as such is a major logistics hub serving Decathlon, Tesla, Bijenkorf, CocaCola, Sony, and Samsung amongst others. Tilburg was recently named the ‘Logistics Hot Spot’ of the Netherlands by Logistiek.nl. The strength of the city’s economy is underpinned by a large variety of industries, including the transportation, chemical, medical, food and education sectors and the presence of many large Dutch and international retail chains underpins the resilience of Tilburg’s central retail district.

Bas Magielse, Fund Manager, concluded: “The property in Tilburg represents the 49th car park in the low risk, income producing portfolio that we have assembled and manage for our investors. Being able to secure this opportunity in a highly competitive market demonstrates the strength of our network and local market knowledge. We have ready equity to invest in similar opportunities to Tilburg across European markets.”

Primevest was advised by RPS, Deloitte and CMS NL.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest Communication Infrastructure Fund signs second ‘Fiber to the Curb’ contract in Wetterau, taking investment volume to over €80 million

The Primevest Communication Infrastructure Fund “PCIF” has secured its second Fiber to the Curb (FttC) supply contract in the Wetterau region of Hessen, taking its total investment volume to over €80 million following a first FttC deal in Leichlingen announced in August.

PCIF will finance the upgrading of the FttC telecommunications network in Wetterau, to the north of Frankfurt, in partnership with high-speed Internet provider YPlaY Germany GMb “YPlay”. The Fund is managed by Dutch-German ‘Smart City’ investment manager Primevest Capital Partners.

PCIF invests in critical telecommunications infrastructure, which it leases to multiple operating partners, including Vodafone and now YPlay in Germany and T-Mobile in the Netherlands. The Fund has committed to financing the replacement of the existing copper cables with optical fibre for the communities in and around Wetterau, upgrading this to a full Fibre to the Home “FttH” network, dependent upon sufficient consumer demand.

Despite its position as Europe’s largest economy, Germany lags behind in the provision of modern telecommunications infrastructure, with below 5.0% of households able to access the latest generation of superfast broadband services through FttH networks. It is estimated that between €70 billion to €80 billion of investment is required to upgrade all German municipalities to FttH, which in turn provides institutional investors with an enormous opportunity to participate in the ‘Smart City’ infrastructural investment of the future.

Klaus Leckelt, Project Manager at Primevest Capital Partners, said: “In an era where home working and home internet use for e-commerce and leisure activities is increasing exponentially, PCIF provides the necessary capital that allows people access to the high-performance fiber optic networks that are becoming a basic necessity of life. This ‘future-proofed’ telecommunications infrastructure ensures that consistent bandwidth and quality of services can be delivered to customers across the board.”

Yplay’s existing fiber optic network will be accessible to Wetterau households once the existing copper cable connections have been replaced, with FttC migrated to an FttH network over the next few years. The new FttH connections are being built by HessenKom GmbH & Co. KG (HessenKom) and will be leased by PCIF to YplaY. The first customers in the Altenstadt district will be migrated to the new FttH connections shortly with other areas already under development.

Peer Kohlstetter, Managing Director of HessenKom and YPlay, said: “This agreement creates a solid foundation for high-speed and reliable broadband coverage for our customers. With PCIF’s investment we are able to take over the existing network and enable the expansion of future-proof broadband connections without needing to invest our own financial resources in the network expansion and construction. This cooperation in Hessen means we are leading the way in the migration of existing FttC infrastructure to the next generation of fiber optic cables.”

PCIF will be investing a further €50 million in new fiber optic networks in other areas of Germany in the near future, including areas around Altenstadt, Lower Saxony, Baden-Württemberg and North Rhine-Westphalia.

Klaus Leckelt, Project Manager at Primevest Capital Partners, concluded: “Our buy-and-build strategy supports local operating partners and municipalities in achieving sustainable growth through the responsible deployment of the capital of our institutional investors, such as insurers and pension funds.”
Primevest will coordinate both current and future network expansions and upgrades to ensure that the infrastructure is optimally tailored to the needs of the operator.

Founded in 2017, PCIF, provides residents and businesses in cities access to high-speed broadband connections. The Fund has a target investment volume of €600 million and is open to new institutional investors until the second quarter of 2021. Its focus is on passive communication infrastructure, such as fiber optic networks, cell phone towers and data centres which are needed to meet the increasing demand for broadband and to enable smart cities. PCIF works closely with telecommunications and cable operators, municipalities and other stakeholders and offers investors stable cash flow based on long-term leases with network operators.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in innovative real estate and property investments. Due to its extensive industry knowledge with a focus on specialised investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of € 1.7 billion, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest Communication Infrastructure Fund Seals First ‘Fibre to the Curb’ German Municipality Deal with Leichlingen, Investments Rise to €75 million

The Primevest Communication Infrastructure Fund (PCIF) has acquired the ‘fibre to the curb’ (FttC) network in the northwest German town of Leichlingen, close to Cologne, to deploy high speed optical connections.

This is the first such deal with a municipality in Germany, for Primevest Capital Partners which manages PCIF and enables ‘Smart City’ investments in markets across Europe.

PCIF invests in critical telecommuncations infrastructure, which it leases to multiple operating partners, including Vodafone in Germany and T-Mobile in the Netherlands. The Fund has committed to further invest in upgrading Leichlingen to a full FttH network, replacing the last mile of existing copper cables by optical fibre to bring the fibre to the home upon sufficient consumer’s demand.

PCIF’s total investments have risen to €75 million, after the inclusion of the Leichlingen agreement, and the Fund has a further €50 million in outstanding commitments to invest in new projects which are being constructed.

Klaus Leckelt, project manager at Primevest Capital Partners, said: “Germany is Europe’s economic powerhouse, but it lags behind other major economies in the provision of critical communications infrastructure that is required to underpin the growing demand for online commerce, home working and information access. Forward-thinking municipalities such as Leichlingen realise that they have to plug these gaps in their utility, or Stadtwerke, services and become technology-led ‘Smart Cities’ to preserve the prosperity of the local economy for businesses and residents.”

Leckelt added: “Primevest’s buy-and-build strategy supports local Stadtwerke and our telecom operating partners, because our investment interests are aligned in promoting the sustainable growth of these cities. We are a Dutch-German company, backed by responsible institutional investors such as pension funds, which focus on sustainable long-term returns and partnerships.”

The new FttH links will be built by GFS and leased by PCIF to its telecom operating partners, which include Novanetz and NetCologne. The first customers in the Witzhelden district already have a FttH connection and new areas are under development, including Wolfstall, Herscheid, Orth and Krähwinkel. The next phase for Kuhle, Bern and Hölverscheid, will follow before the end of 2020 and then the inner city areas of Leichlingen.

Primevest will coordinate both short-term and future network expansions and upgrades to ensure the infrastructure is optimized for the needs of its telecom operating partners.

Frank Steffes, Mayor of Leichlingen, said: “This agreement creates a solid base for Leichlingen’s Internet broadband coverage. By selling the existing network, we are facilitating the expansion of future-proof broadband connections without burdening the city’s own financial resources. This deal makes us one of the pioneers in the delivery of the latest generation of fibre-optic cables in North Rhine-Westphalia.”

The Primevest Communication Infrastructure Fund was established in 2017 and is backed by German institutional investor capital. It provides residents and businesses in cities access to high-speed broadband, which is now a basic necessity of life. The fund has a target investment volume of €600 million and is open to new investors until Q2 2021. Its focus is on passive communication infrastructure such as fibre-access networks, mobile towers and data centres, to meet the spiraling demand for broadband capacity and to drive the Smart Cities of the future. PCIF works closely together with telecom and cable operators, municipalities and other stakeholders and offers investors a stable cash flow on the basis of long-term lease agreements with network operators.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest is Partner VGM conference “Transformation in the smart city”

On 16 September 2020, Vastgoedmarkt organises the conference "Transformation in the smart city. The road to intelligent construction."

The European Commission outlines a society that stands strong by digital solutions that put people first; give businesses new opportunities and strongly encourage the development of reliable technology. This digital transition is already fully taking place in our cities. Thanks to the available digital infrastructures, we can work from home, have online meetings and follow education online. Municipalities are increasingly using the digital applications too, for example, to make management of public spaces smarter. Residents, companies and organisations are increasingly dependent on the proper functioning of digital infrastructure. The transformation in the smart city is the way to an intelligent construction to tackle social challenges differently. The following themes will be discussed during this congress: smart mobility, the energy transition, integrated area development and digital security.

The urban network of 40 major municipalities (G40) has drawn up a strategic agenda. Here too, the digital transition is essential to realise the ambitions. In this event we will discuss themes from this agenda. We do this with appealing key notes, an expert panel, substantive break-out sessions and a smashing bouncer.

Primevest Capital Partners is Partner of this congress and may offer its relations a discount for this event. Please contact us at Lisette.vanderham@primevestcp.com if you would like to receive the discount code.

Who is this congress for?
Real estate professional, developers, architects, municipal officials (spatial planning directors, municipal secretary, city management), policy advisers and councilors.

For all information see: https://slimmestad.vastgoedmarkt.nl/

Eindhoven to be First Large Dutch City Fully on Super-Fast Internet in Deal with Primevest Capital Partners and T-Mobile

Eindhoven is racing ahead to become the first major urban centre in the Netherlands with city-wide super-fast Internet connections, after an agreement between the municipality and telecoms provider T-Mobile unlocked an investment in the underlying fibre optic network for 29,000 households by ‘Smart Cities’ investor Primevest Capital Partners.

Bas van Dongen, Partner Communication Infrastructure at Primevest Capital Partners, said: “The Covid-19 crisis has clearly shown that the winning cities of the future will be those with the best Internet infrastructure that allows their digitalised economies to stay a step ahead of the rest online. Eindhoven is already renowned as a global academic centre of technological research excellence. The city’s agreement with our client T-Mobile, which will lease the fibre optic network from the Primevest Communication Infrastructure Fund, is to provide superfast Internet service to three districts comprising around a quarter of the population that previously had no access to this next generation broadband service and is a big step in ensuring Eindhoven retains its pole position.”

The three Eindhoven districts of Centrum, Strijp and Gestel will, from August, be able to subscribe to a T-Mobile service providing internet access at a speed of 1 Gigabit per second (Gbps). The Primevest Communication Infrastructure Fund (PCIF) and T-Mobile are targeting the rollout of superfast fibre optic networks to at least 100,000 households in the Netherlands this year, with other cities expected to follow Eindhoven’s lead in achieving full ‘Next Generation’ Internet coverage.

VolkerWessels Telecom will construct the Eindhoven fibre optic network for PCIF and be responsible for maintenance. The company makes use of an innovative installation method in which cables are laid up to five times faster than standard techniques thereby causing less inconvenience in the local environment.

PCIF has around €65 million invested from long term pension fund and insurer institutional investors and a further €50 million of investments under construction. PCIF is targeting additional equity commitments in the coming period for institutional investors, with a minimum of €10 million in participation. The fund invests in communication infrastructure, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management of between €500 to €600 million with 70% invested in fibre optic networks and 30% in traffic aggregation points and data centres.

Stijn Steenbakkers, City of Eindhoven Alderman, said: “I am delighted that the consortium of T-Mobile, Primevest CP and VolkerWessels Telecom will allow even more households in Eindhoven to benefit from fast fibre optics in a short time and with minimal inconvenience. In a few months, Eindhoven will be the first of the five major cities in the Netherlands to have fibre optics throughout the city. This is an important contribution to the continuity of the economy of our city, especially in these times when many people continue to work from home. Another special feature of this collaboration is that these 29,000 households and 1,100 small and medium-sized companies will have access to care services via Breedband Regio Eindhoven.”

BRE – Breedband Regio Eindhoven (Broadband Region Eindhoven), uses economy of scale to allow individual and/or groups of businesses, access to fibre optic infrastructure at competitive prices.

Søren Abildgaard, CEO of T-Mobile, concluded: “I am very proud that we are now providing a second major city in the Netherlands with high-speed internet after The Hague. Through our network we will also realise a link with BRE infrastructure and the Eindhoven Fiber eXchange. This makes it possible to open up a wide range of services to the FttH network, including the Regional Healthcare Infrastructure in Brabant. T-Mobile is also opening up this new network to all competitors on very attractive terms. And, by giving more consumers access to fast internet via fibre, we are following up on the promise we made after the merger with Tele2.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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