Car park in Leipzig, Germany

Primevest Capital Partners has acquired car park Augustplatz in Leipzig in 2012 for the European Real Estate Parking Fund II (BEREPF II). Car park Augustplatz is located in the city centre of Leipzig directly connected to the city centre ringway. The car park serves a multifunctional area of shopping, leisure and work.
Number of Units
1,261 parking spaces
Construction date
Underground / Multi storey

The parking garage is situated below the opera and a theatre and close to other cultural attractions such as churches, museums, hotels and restaurants. Next to the theatre (Gewandhaus) is the highest office building of mid-Germany, the City Hochhaus Leipzig (24,000 sqm). The university of Leipzig is also situated next to the car park. The car park is situated adjacent to the Grimmaische Straße, a shopping street with the second highest footfall in Leipzig. This street connects visitors to the other major shopping streets: Petersstraße (highest footfall), Nikolaistraße, Neumarkt and Hainstraße. The shopping streets contain many national and international chain stores with a total gross lettable area of more than 210,000 sqm. It is located excellent in the city center and has a large variety of visitors from hotels, restaurants, musea, offices and shoppers and is also visited in the evenings.

Leipzig, with more than 600,000 inhabitants, is Germany’s 12th largest city, and, after Berlin, the second largest in the former Eastern Germany. The city is known as a commercial and trade fair city and accommodates a 600-year old university. Large international companies such as BMW, Porsche, DHL and Amazon are located in Leipzig and have a large impact on the region. Consumer spending expectations for Leipzig are far above the national average, because of the strong growth in the population and number of households.

The property comprises an underground car park (constructed 1998) with 1,261 places divided in two levels and several small retail units comprising a kiosk, café/Restaurant, Sparkasse.


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