Erlangen, 13 January 2023 – ZBI Zentral Boden Immobilien Group is making its first-ever investment in the project development sector in the Netherlands. The property in question is the new construction project “Green Harbour” in The Hague with 68 residential units and 64 underground car parking spaces. The project in an outstanding micro-location in the Scheveningen district is being developed in the framework of a forward funding structure within the open-ended real estate retail AIF of ZBI. The project has a total leasable area of 5,702 square metres and is scheduled for completion in the first quarter of 2025.
The seller of the property is La Maison Haute de NL B.V. and the general contractor is the affiliated company Ridge Green Harbour B.V. The lead team accompanying the transaction was the Austrian project development team. It was agreed that confidentiality be maintained on the total investment costs. The project development was brokered by PME Group.
“The project development in The Hague is our first new residential construction project in the Netherlands. With ‘Green Harbour’ we are expanding our develop-and-hold strategy to include Austria, and now specifically focusing on the Netherlands. In this respect, in the sustainability context we are consistently setting store by adequate solutions in the field of renewable energy and energy efficiency,” says Christian Reißing, Chief Development Officer of ZBI Group.
“With the project development we are creating modern housing in an attractive and popular location. We are very pleased with the excellent collaboration with ZBI, which is based not least of all on our joint high quality aspirations and a forward-looking focus on sustainability to the benefit of all the participants,” says Hans Nieuwenhuis of Ridge Group.
It is planned to install a photovoltaic system on the roof of the new housing project to generate energy for the decentralised heating and air-conditioning systems, comprising heat pumps in combination with geothermal power, meaning the building will be almost self-sufficient in terms of heating and air-conditioning. This modern energy supply system ensures future tenants have access to a secure, sustainable and – in comparison with conventional heating and air-conditioning systems – cheaper source of energy.
The property stands out thanks to a wide diversity of floor layouts and the high quality of the interior fit-outs of the rental units. In total four different apartment sizes with two to four rooms, as well as a penthouse, are available.
The new residential project “Green Harbour” is being constructed at Tesselsestraat 65–69 in The Hague, Duindorp. The residential area is located in the immediate vicinity of the beach in the popular Scheveningen district, which in recent years has developed into the largest seaside resort in the Netherlands. The long seafront promenade is known for its sun deck, many restaurants and shops. The property is located about four kilometres north-west of the centre of The Hague, which can be reached in just a few minutes by car.
About ZBI Zentral Boden Immobilien Group
Backed by more than 20 years’ experience in the residential property market, ZBI Zentral Boden Immobilien Group is regarded as one of the leading specialists for German residential real estate. The Erlangen-based issuing institution has been successfully structuring real estate funds for private and institutional investors since 2002. ZBI Group is aiming to strengthen participation, a long-term outlook and commitment in the form of a new „value-based community“ for investments and residential property. ZBI Group currently employs more than 850 people at 36 locations in Germany, Luxembourg and Vienna. At present, the group manages around 61,000 residential and commercial units. The transaction volume realized to date is around eleven billion euros.
About Ridge Group
Ridge is a developer of residential, health care and leisure-time real estate.
The user of a building is our inspiration. It is our objective to create attractive and sustainable properties, both for purchase and rental.
About PME Group
PME Group is a multidisciplinary service provider for all your real estate solutions. Our family business has been active on the pan-European real estate market for over 30 years. As one of the Netherlands‘ leading real estate advisory and transaction services firms, we leverage a combination of integrated solutions, unique insight and unmatched experience to deliver successful outcomes for investors, real estate owners, project developers, financiers, operators and occupants. PME Group provides a broad range of transaction and consultancy services in every asset