Berlin Hyp finances part of main boulevard development at the North Sea in Kijkduin with €52.5 million

Berlin Hyp is providing an investment loan of €52.5 million to De Kijkduinse Retail Ontwikkelingsmaatschappij B.V. to refinance the retail and restaurant sections of the newly built main boulevard at the North Sea in Kijkduin, The Hague (The Netherlands). It is also known as the Nieuw Kijkduin project and is an initiative of the real estate developer FRED Developers.

The project will be completed in two phases. Phase I is already completed and consists of 3 structures with 112 residential units, 5,773 square metres of rental area, 1,138 square metres of terrace space and 220 parking spaces. Phase II will be completed in Q3 2023 and consists of 4 complexes with 154 residential units, 7,653 square metres of rental area, 1,605 square metres of terrace space and 462 parking spaces.

Sustainable Capital Group and notary office Holdinga Matthijssen Kraak assisted De Kijkduinse Retail Ontwikkelingsmaatschappij B.V. with this transaction. Berlin Hyp was assisted by the law firm Dentons.