We have already completed a number of acquisitions across Europe for the fund, but still have equity to invest. Please see our car park acquisition criteria to find out more about what we are looking for.
Despite appearances, car parks are anything but dull. Having spotted the opportunity of this asset class in 2011, we have grown to become Europe’s largest car park asset investment manager. We have over €1.0 billion in assets under management across five car park funds, with the latest one still in acquisition mode.
Car parks are fundamental to enabling mobility in Europe’s high-density city centres and have proven to be resilient, even in periods of economic instability. As city centres increasingly restrict on-street car parking, either by the removal of spaces or increasing already high on-street parking fees, we believe these assets will play a fundamental part in the evolution of our cities.
Read more about our vision for the future of city-centre car parks.
‘Car parks provide an essential role in our city centres and will continue to do so as on-street parking is removed. They are gateways to pedestrianised city centres and are evolving into mobility hubs, providing charging points, e-commerce and food distribution centres. The long-term investment case for these assets remains as valid today as it was when we launched our first fund in 2005.”’
Ruud Roosen , Fund Director