Primevest Capital Partners accelerates high-speed internet access in Bad Nauheim by acquiring the Fiber Optic Network from Stadtwerke Bad Nauheim

This acquisition, in combination with a cooperation agreement with Stadtwerke Bad Nauheim to continue the fiber roll-out in remaining areas, underlines Primevest’s commitment to drive digitalization by investing in the future of European cities.

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

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

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

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

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

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

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

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

Primevest Capital Partners and Vodafone to roll out €20 million fiber optic network for 6,000 households

The communications group Vodafone Deutschland and the investment company Primevest Capital Partners announce today that they will jointly equip the city of Hadamar in the Hessian district of Limburg-Weilburg with a state-of-the-art fiber optic network this year.

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.

Bas van Dongen, Communication Infrastructure Partner at Primevest Capital Partners, said: “Germany is one of the world’s leading economies but lags behind other markets in the provision of superfast broadband connectivity, which acts as a drag on productivity, both privately and in business. Primevest’s existing relationship with Vodafone has been expanded by this new agreement, which is our first fiber-to-the-home project with them that also includes private households. We see this as the first of many such projects in partnership with Vodafone, where we are both able to make a real contribution to the modernisation of Germany’s communication infrastructure that has huge untapped potential.”

The installation of the network will start later this year, providing access for some 6,000 households and companies to gigabit-fast internet connections over the next two years. The network will replace existing DSL systems which are unable to support the capacity demands of modern internet use, such as audio and video streaming in working from home and home schooling.

Jürgen Raith, Director of Fiber Optic Marketing and Rollout at Vodafone Germany, said: “Our agreement with Primevest will help move the city of Hadamar from the digital hard shoulder to the gigabit-fast lane. The Covid-19 pandemic clearly shows how important high-performance internet connections are. I am confident that many residents and businesses will recognise this and embrace fiber optic connections since they will improve people’s quality of life and enhance the competitiveness of companies.”

The central districts of Hadamar, Niederhadamar and Faulbach as well as the neighbouring towns of Niederzeuzheim, Oberzeuzheim, Steinbach, Oberweyer and Niederweyer, will be connected to the high-performance network. Hadamar’s north industrial area and the Auf den Sechsmorgen industrial areas in Oberweyer, Am Steinkreuz in Niederhadamar and the industrial area in Niederzeuzheim, will also be included in the network expansion. Vodafone will start pre-marketing in mid-March 2021.

Primevest’s Bas van Dongen, concluded: ”This is Primevest’s 15th investment in communication infrastructure projects since launching our first fund in 2017 and we are now collaborating with eight network operator partners on fiber projects in Germany and the Netherlands. We have already financed some €100 million of projects and together with those under construction our total investment is now over €150 million. Our fund provides investors expert access to this fast-growing alternative asset class. We were one of the first investment managers to recognise the potential that communication networks offer to deliver low-risk and stable income streams, while also enabling better services for the end customer. With our inhouse capabilities and operator network we are well-placed to support investors as they look to diversify their portfolios.”

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

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 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

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

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

Primevest-Capital-Partners Deutschland GmbH is expanding its investments in fibre-optic networks in the Rhine-Neckar metropolitan region

For the Primevest Communication Infrastructure Fund , the cooperation with fibre network project developer and network operator BBV Deutschland is being expanded in the Rhine-Neckar metropolitan region.

The first two fibre-optic projects in the Melanchthon city of Bretten have been completed successfully.
Ultra-fast internet using optical fibre will be laid in ten municipalities surrounding the city of Sinsheim.

Primevest-Capital-Partners has identified a second investment in the Rhine-Neckar metropolitan region for the Primevest Communication Infrastructure Fund (PCIF). This involves fibre-optic networks to be developed in the vicinity of the city of Sinsheim. PCIF has been collaborating successfully with the fibre network project developer and operator Breitbandversorgung Deutschland GmbH (BBV) for some time already. BBV is responsible for the planning and development of the entire fibre-optic network. After the planned completion, the fibre-optic networks will be purchased by PCIF and let to BBV for the long term.

In addition to the planned investments, further clusters have already been identified.

Bas van Dongen, Fund Manager at the Primevest Communication Infrastructure Fund: “We’re delighted that we can drive the expansion of broadband in such a prosperous yet underserved region, given its slow internet connection. We will close an important gap here together with BBV.” What is more, few internet providers offer fast internet connections in the region. Van Dongen adds: “Thanks to the collaboration with BBV and the provision of high-speed internet, we believe the fund will generate a stable and long-term return. Furthermore, investors’ interests will be considered by the turnkey acceptance of the network and the associated avoidance of completion risks.”

“After the successful completion and commissioning of the fibre-optic network’s first construction areas in Bretten, we are seeing increasing interest in the provision of fast internet in other regions. In Primevest, we have a strong partner at our side, which provides the necessary investment capital for this,” said Manfred Maschek, Managing Director of BBV.

“The investment in the vicinity of Sinsheim is another example of the investment strategy. PCIF invests, amongst other things, in fibre infrastructure in underserved regions. The objective is to establish a comprehensive, regional and sizeable fibre-optic network from several subnetworks and to thereby supply both private households and companies with high-speed internet,” added Dr. Peter Selgert, Consultant for the Primevest Communication Infrastructure Fund.

Primevest-Capital-Partners intend to invest between 500 and 600 million euros in “passive telecommunication structure”, such as fibre-optic networks, transmission masts and data centres for institutional investors. The external financing share is a maximum of 50 per cent. The fund is designed as a Luxembourg-based limited partnership SCS. The minimum investment sum is ten million euros.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique, specialising in innovative real asset investment strategies. With solid industry knowledge and focus on specialist investment sectors, such as parking, telecommunications and affordable contemporary living. Primevest CP has grown into a leading player in these sectors. Primevest CP seeks to deliver attractive risk-adjusted returns for its clients, with a focus on sustainable income and capital growth. Primevest Capital Partners currently has 1.3 billion of assets under management, spread across eight sector-focused funds and two individual institutional mandates. Primevest CP employs 30 professionals and operates out of offices in Utrecht and Berlin.

About BBV Deutschland
Operating throughout Germany via regional companies, Breitbandversorgung Deutschland (BBV) connects private and corporate customers directly to the worldwide internet with optical fibre (FTTH, Fiber-to-the-Home). The main shareholder is the British investment company Riverrock. The focus of the network expansion is on under-served, rural regions without sufficient broadband connections. The core competencies of the company include the planning, establishment and marketing of powerful and pioneering FTTH (Fiber-to-the-Home) products and networks. Further information: www.bbv-deutschland.de