TCN Property Projects and Ballast Nedam have presented their combined initiative, the joint venture Abl2. Abl2 focuses on a new approach of integrated area development. This involves larger projects, in which infrastructure and real estate are intertwined. They are characterised by a managerial and financial complexity, with a diversity of interests.
As an 'entrepreneur of public works' Abl2 wants to play a part in the entire lifecycle of these projects: from the first initiative up to and including the ultimate use. Abl2 is able to take over certain tasks, performed by public clients and is willing to provide risk capital, if appropriate. It provides certain guarantees on the outcome of its activities and is a successfee is included in the contract.
In founding Abl2, Ballast Nedam and TCN combine their competences as consultant, developer, builder and property manager. The joint knowledge and experience in the areas of concepts, development, technology and exploitation are the foundations of the new company. With a specific style and approach, Abl2 wants to fill the need for new forms of early public and private cooperation. Abl2 is the answer to the authorities' desire for transparency, assurance, independence, decisiveness and acceleration.
TCN and Ballast Nedam each participate in the joint venture on a 50/50 basis.
Source: Ballast Nedam