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Heijmans and Staedion sign partnership agreement for the development of the Municipal Industrial Site/Regentesse-Zuid The Hague


October 4, 2012 - London

Heijmans and the Staedion housing association have signed the partnership agreement for the development of the Municipal Industrial Site/Regentesse-Zuid in The Hague on 3 October 2012. The agreement is valued at approximately € 105 million, with a Heijmans share of 50%. Construction will commence in 2014. Heijmans will carry out the development under the name of Proper-Stok. Approximately 40% of the total development will be constructed by Heijmans.

The Municipal Industrial Site is an inner city redevelopment initiative situated at the edge of The Hague's city centre. Staedion and Heijmans will transform this location into an area with a large number of facilities and an urban character primarily focused on young families. The plan matches the current market in which households would like to establish a bond with the city and are looking for an affordable home. The plan comprises approximately 430 homes, with at least 40 subsidized rental homes, 80 rental homes in the private market, 310 land-based homes for private sale, approximately 700 parking spaces and 4,000 m2 of facilities, including the redevelopment of the surrounding public area.
The partnership agreement follows on the declaration of intent signed in mid-2011 by Staedion and Heijmans. The total project is slated for completion in 2022.

The agreement is consistent with Heijmans' strategy aimed at developing and constructing homes in the mid-rental market segment in addition to the sale of private homes. As such Heijmans is anticipating trends in the housing market.

About Heijmans
Heijmans is a listed company that combines activities related to real estate development, residential building, non-residential building, technical services and infrastructure. Heijmans is active in the Netherlands, Belgium and Germany. Our focus on an integrated approach and high quality execution creates added value for our customers. Heijmans realises integrated projects for large customers, such as companies and government bodies and homes for investors and consumers. With over 8,000 employees and € 2.4 billion in revenues in 2011, we are building the spatial skylines of tomorrow.
For more information, visit http://www.heijmans.nl/.

For additional information/not for publication:

Media
Arjan Hofmann
Communications Manager
+31 73 543 52 17
ahofmann@heijmans.nl

Analysts
Frank Heerens
Manager Investor Relations
+31 73 543 52 17
fheerens@heijmans.nl





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(i) the releases contained herein are protected by copyright and other applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of the
information contained therein.

Source: Heijmans NV via Thomson Reuters ONE

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