German lender Berlin Hyp is providing an investment loan of €52.5 mln to Dutch developer De Kijkduinse Retail Ontwikkelingsmaatschappij to refinance the retail and restaurant sections of the newly built main boulevard at the North Sea in Kijkduin, The Hague (The Netherlands).
The project is also known as the Nieuw Kijkduin and is an initiative of real estate developer Fred Developers. Phase I is already completed and consists of three structures with 112 residential units, 5,773 m2 of rental area, 1,138 m2 of terrace space and 220 parking spaces.
Phase II will be completed in Q3 2023 and consists of four complexes with 154 residential units, 7,653 m2 of rental area, 1,605 m2 of terrace space and 462 parking spaces.
Sustainable Capital Group and notary office Holdinga Matthijssen Kraak assisted De Kijkduinse Retail Ontwikkelingsmaatschappij with this transaction. Berlin Hyp was assisted by the law firm Dentons.
