Project Finance

Experience - Stibbe advises Alides REIM on the acquisition of the entities owning the 12,868m² Montoyer 34 office building located in the heart of the European district in Brussels.

Experience - Stibbe advised the VEENIX consortium on reaching financial close in the PPP Project A9 Badhoevedorp-Holendrecht. Financial Close occurred on 2 December 2019. The VEENIX consortium is led by Macquarie Capital and supported by Siemens and project delivery firm Count & Cooper. VEENIX is also supported by FCC Construcción as contractor.

Experience - The Minister of Infrastructure and Water Management officially opened the first lanes of the Gaasperdammertunnel on the A9 in Amsterdam-Zuidoost on 5 July. The Gaasperdammertunnel forms part of the PPP SAA A9 Gaasperdammerweg roads project.

Experience - Stibbe acts as transaction counsel to Floating PV NV, a vehicle set up by Sibelco, Groep Machiels and Luminus to build five hectares of floating solar panels at Sibelco’s Schansheide quarry in Dessel, Flemish Region, Belgium, integrating various innovative techniques such as solar tracking that allows the panels to rotate with the sun, an adjusting slope angle, double-sided panels and active cooling.

Experience - On 18 February 2020, the contract for the design, construction, finance and maintenance of the Dendermonde Prison project in Belgium has reached Financial Close successfully. The Belgian Buildings Agency (Regie der Gebouwen / Régie des Bâtiments) awarded BAM PPP b.v. the contract for the provision of a prison in Dendermonde, which will house 444 inmates.

Experience - Stibbe advised Macquarie in connection with their winning bid for the tender of the design, build, financing and maintenance (DBFM) of the A9 Badhoevedorp/Holendrecht Project.

Experience - Stibbe represented the bankruptcy trustees of  the Amsterdam hospital MC Slotervaart in proceedings against the City of Amsterdam, centred on the City’s demand that the bankruptcy trustees investigate whether there were any irregularities prior to the bankruptcy.

Experience - Stibbe advises citizenM hotels and its existing shareholders KRC and APG on an agreement whereby GIC, Singapore’s sovereign wealth fund, will acquire a 25% stake in citizenM valuing the company at €2 billion

Experience - Assisting SOFICO, the Walloon Region’s financing company, in one of Wallonia’s most innovative and ambitious PPP projects.

Experience - Assisting the Walloon Transport Operator (OTW) on the creation of a brand new tramway network (11.7 km) including the construction of 21 stations and a new depot and the acquisition of trams in Liège, Wallonia. Proud to be part of the first major PPP project ever closed in Wallonia.

Experience - Stibbe advises the largest technical wholesaler in the Netherlands, Technische Unie, on the finalisation of a turnkey purchase agreement with Borghese Logistics. At the Gelderlantlaan in Utrecht, a logistics transfer point will be developed with a sustainability experience centre, office space and training centre measuring approximately 8,000 m² on a plot of more than 19,000 m².

Experience - Stibbe successfully assisted Limburgse Reconversiemaatschappij on the development of the new greenfield “Kristal Solar Park”.