Fiber network in Segbroek completed

Superfast internet available for 32,000 households in The Hague district. The consortium of Primevest Capital Partners, T-Mobile and VolkerWessels Telecom has completed the construction of the fiber-optic network in the Segbroek district of The Hague.

At the end of May, the last piece of a total of 140 kilometers of fiber optic cable was built. More than 32,000 households now have access to superfast internet and several thousands of families are already using it. Because the network is now ready for use, anyone who signs up now can upload and download with superfast speeds within four weeks.

T-Mobile wants more Dutch people to access the internet at a speed of 1 Gigbit per second (Gbps) and that at the lowest possible price. In combination with a T-Mobile Unlimited mobile subscription, customers pay only 25 euros per month for this superfast internet at home. The construction of the network in Segbroek is in line with T-Mobile’s plan to install glass fiber together with partner Primevest Capital Partners in as many locations as possible where this is not yet the case. Primevest Capital Partners invests on behalf of the Primevest Communication Infrastructure Fund (“PCIF”) in the construction of the passive infrastructure, while T-Mobile is responsible for the active layer. T-Mobile also opens this network to all competitors on very attractive terms.

Good start of of T-Mobile’s fiber-roll-out ambition
The consortium of T-Mobile, Primevest and VolkerWessels Telecom has demonstrated in Segbroek that many households in The Hague can benefit from fast fiber optics in a short time and with minimal inconvenience. Use was made of a new innovative construction method, in which 32,000 households were connected to fiber optics in eleven months. That’s certainly important in these times when most people work from home.

CEO Søren Abildgaard of T-Mobile: “The project in Segbroek is a good start for our plan to provide hundreds of thousands of addresses with fiber optic services in the coming years. It is great to see that so many customers are using this offer directly and are enthusiastic about the speed and quality of our fiber optic network.”

Loosduinen
Except in Segbroek, T-Mobile, Primevest and VolkerWessels Telecom are currently installing fiber optics for more than 25,000 households in Loosduinen. More locations will soon be announced where the construction of fiber optics will start.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest Capital Partners & T-Mobile to deploy fibre network in the residential area Loosduinen in The Hague

More than 25,000 households in The Hague get internet of 1 Gigabit. T-Mobile Netherlands announced, together with Primevest Capital Partners, it will connect 25,000 households to a new fibre network in the residential area Loosduinen, in the city of The Hague.

Preparations will start in June and construction will start in August. The project is in line with T-Mobile’s strategy to connect at least 100,000 households in the Netherlands to fiber optics this year. Construction will be performed by preferred partner VolkerWessels Telecom.

The roll-out is planned for areas where there is no fiber optic at the moment. In this way, the telecom provider gives more Dutch people access to the internet at a speed of at least 1 Gigabit per second (Gbps), at the lowest possible price. In combination with an unlimited mobile subscription, customers pay only 25 euros per month for this super-fast internet at home. The first users will be connected later this year. A special feature of the network in Loosduinen is that half of the connections are meant for rental homes. There is close cooperation with the city of The Hague.

T-Mobile also opens this new network to all competitors on very attractive terms. T-Mobile and Primevest only install optical fiber in places where there is no optical fiber yet. The construction fits with T-Mobile NL’s plan to connect at least 100,000 households in the Netherlands to fibre this year together with partner Primevest Capital Partners.

Great ambition for the coming years
The provider aims to provide fibre services to hundreds of thousands of addresses over the coming years. The two partners have already installed a first fibre network with around 32,000 connections in the Segbroek neighbourhood of The Hague. The unique cooperation between the Netherlands T-Mobile and Primevest Capital Partners enables exploitation of the network at very attractive conditions. The construction in Loosduinen is done by preferred partner VolkerWessels Telecom. An innovative construction method, introduced earlier in Segbroek, which allows construction up to 5 times faster while causing less inconvenience to the surrounding area will be used.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Corona update 18-03-2020

Mobile business operations at Primevest Capital Partners

In view of the current situation due to the corona epidemic, Primevest Capital Partners is working in parts in mobile business operations until further notice. All of our employees have cell phones and a laptop, and our IT applications can be accessed remotely.

We ask for your understanding that until further notice we are restricting visitors to our buildings and are not holding meetings at all. Like during our usual business operations, our employees are always available for you using the known contact details. As soon as this situation changes, we will inform you accordingly.

Utrecht / Berlin, March 18, 2020 at 6 p.m.

Transfer of Holland Park Block 20 to Primevest Capital Partners

On March 11, 2020, the newly completed residential building Block 20, located in the attractive Holland Park development area, was handed over to Primevest Capital Partners which acts on behalf of a German pension fund.

The property in Diemen, just 5 kilometers below Amsterdam, was acquired in 2016. The original completion was scheduled for spring 2018. However, construction was delayed due to the insolvency of the initial contractor. Based on the existing Woningborg insurance that guaranteed the completion of the building, the selection of a new construction company began in October 2018. The first protective measurements took place afterwards. Thanks to the good cooperation with Woningborg and the selected new contractor, HSB Bouw, construction was able to be continued from spring 2019 onwards.

The first tenants have moved in on 20 March 2020. The property consists of 112 apartments with sizes between 49 m² and 131 m² (total living space of 8,078 m²) and 67 parking spaces. Letting activities started in February which led to an occupancy rate of 93% upfront. All apartments have balconies or roof terraces, bathrooms and fitted kitchens. The property is in high demand due to its design, the high quality of the building, but also due to its excellent connections to Amsterdam (underground and regional train station within 5 minutes walking distance), making it a sustainable investment.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Cooperation of Primevest Capital Partners with Sphinx Zuid BV leads to acquisition of second residential building in Maastricht

On 3 March 2020, Primevest Capital Partners signed the contract for the purchase of a residential building under construction at Dokter Frans Foquetstraat in a prime location in the center of Maastricht.

The purchase was made for a separate account. The building is one of a total of five new apartment complexes to be built in the Sphinx quarter, five minutes from the Markt and Vrijthof squares in Maastricht (for private rent and for sale).

The building to be built consists of 5 floors with 92 apartments of 43m² on average, 25 parking spaces in the underground garage, a bicycle shed, a south-sided common roof terrace and a garden. All apartments have a separate bedroom, luxurious furnishings including complete kitchen, bathroom, flooring and curtains. The rentable area is approximately 3,968 m². The rental prices will be around 755 € per apartment. The main target group is one-person households, for which growth of 23% is forecasted by 2040. Next to that, it will be marketed to expats, a growing community, seeking the ease of city living.

The seller is Sphinx Zuid BV, a joint venture between 3W and RO groep, both developers with a strong local presence. Contractor is Jongen Bouwpartners, part of VolkerWessels. The cooperation between Primevest Capital Partners and RO groep dates back to 2015, when an exclusivity agreement was closed with the municipality of Maastricht to invest a significant amount in residential buildings for rent. In 2018 this led to the first acquisition of Block 5, consisting of 70 apartments with an average size of 85 m² and 70 parking spaces. Both acquisitions are proof that both Primevest Capital Partners and RO Groep “do things a little differently” than usual in the market, as both parties work closely together to meet a specific need and give a qualitative boost to local market requirements. They are open to more municipalities in the Netherlands that are looking for rental projects that offer good rental housing for tenants, especially in the market for low and medium rent levels. Buyer has been supported by BOAG for technical Due Diligence and CMS for Legal.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

About RO Group
RO group is a strongly regionally linked developer, mainly active in social real estate. The main activities focus on housing issues of health institutions, educational organizations, housing associations and investors. RO group has 25 real estate professionals and is located in Maastricht and Eindhoven.

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

Primevest Capital Partners acquires third car park in Dublin

On 10 of July Primevest Capital Partners has acquired the Christchurch car park on Werburgh Street in Dublin for its 4th institutional fund, as a further expansion of its investment portfolio.

Situated on the edge of the Irish capital’s main retail area, the newly-acquired location is surrounded by a variety of offices, hotels and theatres. Thanks to these different anchors, the car park benefits from a wide range of customers throughout the day. The above-ground multi-storey building offers 213 parking spaces and is operated by Q-Park.

Floris Haentjens, Acquisition Manager Parking: “This kind of car park is exactly what we are looking for, and we are open to making new investments throughout most of Europe. This is our 3rd acquisition in Dublin – and already the 48th car park in our port-folio. Its acquisition further strengthens our high quality, sustainable portfolio of car park investments across Europe, bringing our investment volume in the car parks segment to a total of over €900 million”.

Bas Magielse, Fund Manager, adds: “Dublin is an attractive city to invest in. The Christchurch car park has a very favourable location and benefits from a tenant with a good covenant. As an asset, it is expected to provide our investors in this segment a highly stable and relatively attractive cash return.”

For further information, feel free to contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
Lisette.vanderham@primevestcp.com
www.primevestcp.com

BNG Bank finances sustainability measures and transition to smarter public lighting by Primevest Capital Partners

Primevest Capital Partners introduces “Smart City Nederland” initiative for Dutch municipalities. Municipalities are receiving support in their sustainability measures and transition to smarter public lighting. BNG Bank is financing these sustainability projects. Municipalities enjoy long-term benefits of the various applications of smart lampposts.

BNG Bank is financing the Smart City initiative of Primevest Capital Partners which supports municipalities in the transition to sustainable and smarter public lighting. The transition to sustainable and smarter lighting is important to achieve the necessary reduction in energy consumption to reach the climate goals (faster). The Smart City Nederland initiative invests in the lampposts, after which the municipality will use public street lighting as a service of Smart City Nederland. How-ever, the lampposts will remain the property of the municipality. This will enable the municipality to make the transition to sustainable and smarter lighting in a much shorter term but spread the associated replacement costs over a longer period. Fur-thermore, in the future lampposts can be used for different purposes, such as imple-menting sensors to measure air quality, regulating traffic flows in the framework of the Environment Act, etc. However, it will soon also be possible to use lampposts for mobile Internet applications (Wi-Fi and 5G), as a charging point for electric cars, as camera surveillance for public order and for security and other “Smart City” applications.

“With Smart City Nederland, Primevest Capital Partners and its partners are supporting municipalities with an integral approach to the transition to sustainable and smarter lighting on the one hand whilst preparing for the implementation of Smart City applications on the other hand,” says Heimen Visser, fund manager of the Smart City Nederland initiative. “In addition, municipalities will also benefit from the added revenue that will be generated by the smarter use of the lamppost. With Smart City Nederland, we are creating a platform which makes it possible to transform public lighting from a cost item to a revenue model for the municipalities, letting them retain control of what happens in their public outdoor space,” Heimen Visser continues.

The Municipality of Renkum is the first municipality to choose to use the Smart City Nederland initiative. Over the coming 2.5 years, around 6,000 lampposts will be replaced in Renkum by sustainable and smarter public lighting in partnership with consortium partners CityTec and Luminext. This will mean that in 2022 the municipality of Renkum will already have met the climate goals as set for 2030 with energy savings of over 60%. “In recent years, we have been trying to get support for tendering for new public lighting. We are desperately in need of renewal: our area is really out-dated and some of our lampposts are about to collapse. So we can’t wait until the first lamps are replaced and new lampposts are installed. We look forward to a great new partnership in a unique tender form!” says Kevin Groen, project manager in the municipality of Renkum.

Smart City is a scalable solution which Primevest is currently discussing with many
municipalities.

BNG Bank is financing Smart City Nederland. “As a partner for municipalities to achieve a more sustainable Netherlands, the Smart City Nederland initiative very much reflects our ambition to be an engaged partner for a more sustainable Netherlands. We enable the public sector to achieve social goals like the energy transition,” says Judith de Bleyser, Public Finance specialist at BNG Bank.

For more information about our Smart City Initiative, please visit: www.smartcitynederland.com

Currently this website is only in Dutch, English will be added soon.

T-Mobile, Primevest Capital Partners and VolkerWessels Telecom start city-wide its fiber rollout in The Hague

VolkerWessels Telecom have signed a cooperation agreement with the municipality of The Hague concerning the rollout of Fiber to the Home networks.

A consortium of T-Mobile, Primevest Capital Partners and VolkerWessels Telecom is formed to roll out an open-access FTTH network on which also 5G and Smart City applications in urban areas can be deployed. The consortium will start in June with the rollout of 33.000 home and business addresses in Segbroek, a district within the city of The Hague. With this cooperation, T-Mobile delivers on its promise to roll out fiber networks. The cooperation combines the unique strengths of each partner unlocking favorable economics, rapid, low impact and customer focused network rollout.

Richard de Mos, alderman for Economic Affairs, Sport and Public Space: “The municipality of The Hague is extremely happy with this fruitful cooperation. The consortium will bring our city a state of the art digital infrastructure that will benefit our citizens as well as our businesses. The city-wide rollout of Fiber-to-the-home will realize good digital connectivity for all the citizens in The Hague. The new fiber network is distinctive from other initiatives, as it is ready for all thinkable future applications and will offer open access to third parties. We expect this to boost innovation in telecommunications services in our city.”

Promise to The Hague
In January of this year, T-Mobile Netherlands merged with Tele2 Netherlands. A merger that was cleared by the European Commission without remedies. Søren Abildgaard, CEO: “With this merger, we have created the strongest possible challenger in the duopolistic Dutch telecommunications market. During the approval process by the European Commission, we made it very clear that this merger will strongly benefit Dutch consumers. To prove this we made them five hard promises. With the new consortium, we deliver on our promise to roll out fiber networks. Starting right here in The Hague, where our headquarters are located. The partnership with Primevest and VolkerWessels Telecom allows consumers to benefit from high quality, high speed fiber networks and offering ultrafast Internet and a rich TV content portfolio at very attractive prices.”

Benefits for all stakeholders
Primevest Communication Infrastructure Fund invests in passive communication network assets. They provide long term access to telecom providers that support an open access investment strategy. Bas van Dongen, Partner at Primevest: “We believe this leads to a higher utilization rate of the network, which is beneficial to all stakeholders. End users benefit from attractive pricing, telecom providers benefit from attractive network access pricing and the investors benefit ultimately from the higher utilization rate.. By future-proof and innovative rollout approach, construction works can be kept to a minimum. With T-Mobile, we have a strong partner in business supporting our investment philosophy.”

Enabling connectivity
Wido van de Mast, CEO of VolkerWessels Telecom: “We are very excited to be working together with T-Mobile, Primevest Capital Partners and the municipality of The Hague on deploying a state-of-the-art FttH network in The Hague. This cooperation aligns with our ultimate goal of enabling total connectivity and contributing to people’s quality of life. VolkerWessels Telecom acts within the consortium as a full turnkey contractor. In this role, we combine years of experience in the telecom market with innovative solutions and technical professionals.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest Capital Partners acquires first residential in Groningen

Primevest Capital Partners acquired their first student housing in Oostersingel/ Nieuweweg, in the Dutch city Groningen for an European residential real estate mandate.

There are 200,000 inhabitants in Groningen, with about 50,000 students; of which 9,000 are from abroad – mainly from Germany. The huge demand for student living in Groningen can currently not be met by the number of apartments or rooms available for rent. The new asset for the separate account is a student housing development close to the city centre. The building complex includes 275 studios on six levels, with a total of 6,427 sqm. The completion of construction is estimated for September 2019.

The Seller – Plegt-Vos-Bouwgroep is at the same time the developer of the building. During the acquisition process the seller was supported by Huizingh Advocaten of Enschede and MWPO, the buyer was assisted by CMS and BOAG. The Asset and Fund Manager Primevest Capital Partners currently has 1.4 billion Euro in assets in-vested in Europe and intends to further extend their activities in the residential sector.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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

Primevest Capital Partners buys second residential building for a separate account in Maastricht

On 20 September 2018, Primevest Capital Partners signed the contract for the purchase of a residential building under construction at Frontensingel/Maagdendries in the centre of Maastricht. The purchase was for a separate account.

The building is one of a total of five new apartment complexes to be built (for private rent and for sale) in the Sphinx quarter, 5 minutes from the Markt and Vrijthof squares in Maastricht.

The building to be built consists of 5 levels comprising 70 apartments measuring 85m2 on average, 70 storage rooms and 70 parking spaces in the underground parking. There is approximately 5,900 m2 of lettable surface area. The rentals will be around € 1,000 per apartment. The building will be marketed to seniors seeking the ease of city living, young double-income households and expats.

The seller is Sphinx Zuid BV, a joint venture between RO groep and 3W real estate. The building is being developed by RO groep and will be built by Bouwbedrijven Jongen, a member of Volker Wessels. The buyer is being advised by CMS and BOAG, while the seller is being advised by Boels Zanders advocaten.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

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