The financing comprises long term facilities and short term facilities to bridge the equity injection and the milestone payment at completion of construction works
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The financing comprises long term facilities and short term facilities to bridge the equity injection and the milestone payment at completion of construction works. The financing was arranged through a club deal by a group of eight commercial banks comprising the Bank of Tokyo-Mitsubishi UFJ, KfW Ipex-Bank, Landesbank Baden-Württemberg, Nord/LB Covered Finance Bank, Sumito Mitsui Banking Corporation, Unicredit Bank, Helaba Landesbank Hessen-Thüringen and Crédit Agricole Corporate and Investment Bank along with the European Investment Bank. The financial advisor to the consortium was Crédit Agricole Corporate and Investment Bank. Legal advisors were Houthoff Buruma and White & Case, Deloitte was the tax and accounting advisor and PKF was model auditor. The banks' legal advisor was Linklaters (whereas the European Investment Bank (EIB) was advised by Norton Rose), technical advisor was Infrata and insurance advisor was JLT
List of the country updates
Country updates
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February 18, 2013
Project awarded to Bureau Bos (Architect house), Pellikaan (construction), Breijer (management) en Kragten (exterior design)
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January 28, 2013
The Government Buildings Agency (Rijksgebouwendienst) and a consortium of BAM have reached financial close for the project
The Government Buildings Agency (Rijksgebouwendienst) and a consortium of BAM have reached financial close for the project. KPMG was involved during the tendering process and the preparations for th...
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December 17, 2012
Mott MacDonald has been retained as lenders' technical advisor by the concessionaire
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December 03, 2012
The consortium 'Poort van Den Haag', a partnership between BAM PPP, PGGM, Claus en Kaan Architecten, BAM Utiliteitsbouw, BAM Techniek and ISS Integrated Facility Services has been named preferred bidder for the project
The consortium 'Poort van Den Haag', a partnership between BAM PPP, PGGM, Claus en Kaan Architecten, BAM Utiliteitsbouw, BAM Techniek and ISS Integrated Facility Services has been named preferred bidder for the project. ARUP Nederland and DGMR Bouw are also involved as design partners
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November 23, 2012
The signing of the financing agreements took place on 21 November 2012
The signing of the financing agreements took place on 21 November 2012. KPMG was the financial advisor to the consortium. Other advisors to BAM/PGGM were De Brauw Blackstone Westbroek (legal advisors)...
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