Primevest Capital Partners invests €6 million to extend Hüllhorst, Germany’s fiber optic network to the rest of the municipality

 
 
Pan-European Investment manager Primevest Capital Partners (Primevest CP) and partners GFS, gustav and Westenergie / Westnetz are investing €6 million to extend the existing fibre optic network across the rest of the German town of Hüllhorst in North Rhine-Westphalia not currently covered. Construction started in early November and will take approximately 10 months.

The extension is being made possible by sharing pre-existing underground pipelines which have already been installed across the municipality in an earlier agreement between Westnetz and gustav / Westenergie. This connects the districts of Oberbauschaft, Struckhof, Ahlsen and parts of Tengern and Büttendorf, to modern fibre optic infrastructure.

Klaus Leckelt, Senior Acquisition Manager at Primevest Capital Partners, said “Primevest‘s investment will modernise the remaining old telecommunications network to close the gaps in Hüllhorst’s infrastructure and provide access to a new high-speed network. As a result of our investment, and following a short construction period, the private homes and wider community not now served will have the same benefits of a modern telecommunications and data infrastructure that their neighbours already enjoy.”

The partnership will create a sustainable supply network ready for all future bandwidth requirements and applications, including home schooling and working, entertainment downloads and cloud applications. Pre-marketing has resulted in more than 40% of homeowners signing up to secure a free connection to the new network. The arrival of a Hüllhorst–wide fibre optic network will also enable the municipality to realise many new opportunities in creating a digital community for the entire village.

Receive contract documents via www.glasfaser-huellhorst.de

About Primevest Capital Partners

Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future through investing in the future of our cities by delivering sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group. Primevest Capital Partners is part of the Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners

Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com


Municipality Hüllhorst

Michael Kasche
Bürgermeister
Tel.: +49(0)5744 – 9315100
michael.kasche@huellhorst.de
www.huellhorst.de


Gustav internet

Dennis Kornehl
Tel.: +49(0) 511 9999 8035
presse@gustavinternet.de
www.gustavinternet.de

 

Primevest Capital Partners acquires residential development in Germany on behalf of a German pension fund

 
 
Pan-European investment manager Primevest Capital Partners (Primevest CP) has acquired a residential development in the city of Saarbrücken, Germany for ca. €15 mln on behalf of a German pension fund, from Hauser und Thiery GmbH & Co. KG. The project is scheduled for completion in the second quarter of 2022.

The 4,500 sqm complex, formerly occupied by Sparda-Bank Südwest, is located on the corner of the Beethovenstrasse and Sulzbachstrasse in the heart of the inner-city district of St Johann. It comprises three historic office buildings dating from 1909/1910 which are being converted into a residential complex with commercial units on the ground floor. The first floor totalling ca. 650 sqm is already rented to a physiotherapy practice. The transformation will be carried out in strict accordance with the municipality’s regulations for the preservation of historic monuments.

Danica Cicmil, Fund & Acquisition Manager at Primevest CP, said: “Primevest Capital Partners sees great potential in the city of Saarbrücken due to its geographic location, well-developed education sector and the strength of its economy which make this development a compelling investment proposition. It is also rewarding to be involved in the restoration of these historic buildings and bringing them back to life while providing much needed modern and affordable accommodation for families and young people.”

Upon completion the complex will provide 78 residential units across five floors and up to three commercial units on ground level. The apartments range in size from 22 to 111 sqm, with an average of 47 sqm. In addition, there will be 26 car parking spaces, some with EV charging points, and 167 bicycle parking spaces together with a communal laundry, and storage space totalling 260 sqm in the basement. After the renovation, the residential building will meet the energy requirements of an ‘energy-efficient monumental house’.

Saarbrücken is the capital of the federal state of Saarland and forms its economic, political and cultural centre. It is part of the QuattroPole city network comprising Luxembourg, Metz, and Trier, and has the largest population and biggest economic and cultural centres of the four cities. Saarbrücken itself has 330,000 residents while the surrounding region has a population of more than 1.2 million. The city benefits from very good motorway connections across Europe and the highspeed ICE Frankfurt-Saarbrücken-Paris railway line.

Saarbrücken is also an important science and research location thanks to the presence of a large number of scientific institutes and research facilities. In addition to six universities with over 20,000 students, the city also benefits from cooperation with nearby French universities and around one third of its workforce is employed in the science sector. The city is also home to a number of regional business/research alliances. For example, automotive parts manufacturer ZF Friedrichshafen AG opened the “ZF AI Center” in Saarbrücken university’s Scheer Tower in a strategic partnership with Helmholtz Center for Information Security (CISPA) to conduct research on artificial intelligence and cybersecurity in the automotive industry.

Primevest Capital Partners was advised by brokerage firm Raber Immobilienberatung GmbH. Legal due diligence was carried out by Deloitte Legal Rechtsanwaltgesellschaft GmbH and technical due diligence by DGI Real Estate Management & Advisory GmbH.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specialises in investments in innovative real assets. At Primevest Capital Partners, our vision is to help our clients to provide for their sustainable financial future through investing in the future of our cities by delivering sustainable urban living, improving connectivity, and enabling mobility. Our investment philosophy and vision are energised by the current trend of urbanisation and the ability to fulfil the modern needs of metropolitan communities, while enhancing the quality and sustainability of people’s lives.

From our offices in Utrecht, Eindhoven and  Berlin, a team of 70 professionals manage €2.8 billion of assets including six sector-focused funds, three individual institutional mandates and a portfolio of approximately €0.9 billion in investments targeting private and institutional investors as well as family offices following the acquisition of Holland Immo Group. Primevest Capital Partners is part of the Primevest Capital Partners Holding B.V.

For more information, please contact:

Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners acquires residential development in Peine, Germany for a south German pension fund

 
 
Dutch-German investment manager Primevest Capital Partners has purchased an eight-building residential development in Peine on behalf of a German pension fund. The development, at Gunzelinstraße 12a – 16b, comprises 97 residential units totalling some 7,730 sqm of lettable space.

The seller is Graf Gunzelin UG & Co. KG, a subsidiary of Berlin-based MHMI Immobilien-Verwaltungen GmbH.

Danica Cicmil, Fund & Acquisition Manager at Primevest Capital Partners said: “This development in the growth region of Lower Saxony will offer young families and older people alike attractive and affordable accommodation in modern, purpose-built apartments within a 10-minute walk of Peine’s city-centre amenities. This fundamentally sound investment for our client is supported by forecasts which show that Peine’s 50,000-strong population is expected to grow significantly while the town is currently experiencing a housing shortage.”

Peine is a mid-sized town located some 40 kms east of Hannover and 25 kms to the west of Braunschweig. The Gunzelinstraße development is being constructed on the site of a former indoor swimming pool. The eight, four-storey buildings will incorporate one- to four-room residential units, ranging in size from 40 to 120 sqm, all with balconies or terraces, and accessible by lift. Residents will have access to shared communal gardens and a children’s playground. The property will also include a total of 128 parking bays, 68 of which will be situated in an underground car park. The city centre is 900 metres to the north-east and several supermarkets and schools are located nearby.

The building has been constructed to very high sustainability standards in line with the German KfW-55 regulation, a high standard energy building.

Primevest Capital Partners was advised by law firm CMS Berlin and by DGI Real Estate Management & Advisory GmbH on technical matters. Neopolis Advisory acted as consultant on the transaction. Hannover-based law firm Bethge Rechtsanwaltgesellschaft GmbH acted on behalf of the vendor.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of €1.8 billion, spread across six sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Primevest Capital Partners
Lisette van der Ham
Head of Marketing & Corporate Communications
T: +31 6 832 005 61
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Eindhoven to be First Large Dutch City Fully on Super-Fast Internet in Deal with Primevest Capital Partners and T-Mobile

 
 
Eindhoven is racing ahead to become the first major urban centre in the Netherlands with city-wide super-fast Internet connections, after an agreement between the municipality and telecoms provider T-Mobile unlocked an investment in the underlying fibre optic network for 29,000 households by ‘Smart Cities’ investor Primevest Capital Partners.

Bas van Dongen, Partner Communication Infrastructure at Primevest Capital Partners, said: “The Covid-19 crisis has clearly shown that the winning cities of the future will be those with the best Internet infrastructure that allows their digitalised economies to stay a step ahead of the rest online. Eindhoven is already renowned as a global academic centre of technological research excellence. The city’s agreement with our client T-Mobile, which will lease the fibre optic network from the Primevest Communication Infrastructure Fund, is to provide superfast Internet service to three districts comprising around a quarter of the population that previously had no access to this next generation broadband service and is a big step in ensuring Eindhoven retains its pole position.”

The three Eindhoven districts of Centrum, Strijp and Gestel will, from August, be able to subscribe to a T-Mobile service providing internet access at a speed of 1 Gigabit per second (Gbps). The Primevest Communication Infrastructure Fund (PCIF) and T-Mobile are targeting the rollout of superfast fibre optic networks to at least 100,000 households in the Netherlands this year, with other cities expected to follow Eindhoven’s lead in achieving full ‘Next Generation’ Internet coverage.

VolkerWessels Telecom will construct the Eindhoven fibre optic network for PCIF and be responsible for maintenance. The company makes use of an innovative installation method in which cables are laid up to five times faster than standard techniques thereby causing less inconvenience in the local environment.

PCIF has around €65 million invested from long term pension fund and insurer institutional investors and a further €50 million of investments under construction. PCIF is targeting additional equity commitments in the coming period for institutional investors, with a minimum of €10 million in participation. The fund invests in communication infrastructure, with a focus on assets in Germany, the Netherlands, Austria and Belgium, and is targeting total assets under management of between €500 to €600 million with 70% invested in fibre optic networks and 30% in traffic aggregation points and data centres.

Stijn Steenbakkers, City of Eindhoven Alderman, said: “I am delighted that the consortium of T-Mobile, Primevest CP and VolkerWessels Telecom will allow even more households in Eindhoven to benefit from fast fibre optics in a short time and with minimal inconvenience. In a few months, Eindhoven will be the first of the five major cities in the Netherlands to have fibre optics throughout the city. This is an important contribution to the continuity of the economy of our city, especially in these times when many people continue to work from home. Another special feature of this collaboration is that these 29,000 households and 1,100 small and medium-sized companies will have access to care services via Breedband Regio Eindhoven.”

BRE – Breedband Regio Eindhoven (Broadband Region Eindhoven), uses economy of scale to allow individual and/or groups of businesses, access to fibre optic infrastructure at competitive prices.

Søren Abildgaard, CEO of T-Mobile, concluded: “I am very proud that we are now providing a second major city in the Netherlands with high-speed internet after The Hague. Through our network we will also realise a link with BRE infrastructure and the Eindhoven Fiber eXchange. This makes it possible to open up a wide range of services to the FttH network, including the Regional Healthcare Infrastructure in Brabant. T-Mobile is also opening up this new network to all competitors on very attractive terms. And, by giving more consumers access to fast internet via fibre, we are following up on the promise we made after the merger with Tele2.”

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest attracts financing for fibre optic roll-out in The Hague from ABN AMRO

 
 
ABN AMRO and Primevest Capital Partners have agreed on a finance facility for the roll-out of a fibre optic network in Segbroek. With this financing, ABN AMRO is facilitating the roll-out of fibre optic in The Hague and further conversion to fibre optics of the Netherlands in general.

Primevest CP started rolling out fibre optic networks in The Hague in 2019 with T-Mobile and Volker Wessels Telecom (“VWT”). The first cluster in Segbroek was recently completed and the start of the second cluster in The Hague, Loosduinen, was recently announced. Primevest CP’s investment fund, the Primevest Communication Infrastructure Fund (“PCIF”), invests in passive infrastructure. The fund finances investments up to a maximum of 50% with loans and has concluded a finance facility with ABN AMRO for this purpose. It is the intention that the financing will be expanded in the future with the financing of the roll-out of a fibre optic network in the Loosduinen district of The Hague, which Primevest CP, T-Mobile and VWT have recently announced.

Bas van Dongen (Fund Manager PCIF): “We are pleased that a Dutch bank is contributing to the fibre roll-out in the Netherlands in this way. We have actively worked with our partners T-Mobile and VWT to conclude this agreement and this is an important next step in our joint ambition to start more fibre optic projects”.

Bastiaan Haakman (Senior Finance Specialist ABN AMRO) and Matthijs Meinders (Relationship Manager Sector TMT ABN AMRO): “ABN AMRO believes in the future of fibre optics and in the open-access strategy of Primevest CP. By opening networks to all parties at attractive rates, households in the Netherlands that do not yet have access to fast internet via a fibre optic connection can be connected quickly. ABN AMRO is pleased to be able to contribute with this financing to the further conversion to fibre optic networks in the Netherlands”.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.7 billion euros, spread across eight sector-specific funds and three individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Fiber network in Segbroek completed

 
 
Superfast internet available for 32,000 households in The Hague district. The consortium of Primevest Capital Partners, T-Mobile and VolkerWessels Telecom has completed the construction of the fiber-optic network in the Segbroek district of The Hague.

At the end of May, the last piece of a total of 140 kilometers of fiber optic cable was built. More than 32,000 households now have access to superfast internet and several thousands of families are already using it. Because the network is now ready for use, anyone who signs up now can upload and download with superfast speeds within four weeks.

T-Mobile wants more Dutch people to access the internet at a speed of 1 Gigbit per second (Gbps) and that at the lowest possible price. In combination with a T-Mobile Unlimited mobile subscription, customers pay only 25 euros per month for this superfast internet at home. The construction of the network in Segbroek is in line with T-Mobile’s plan to install glass fiber together with partner Primevest Capital Partners in as many locations as possible where this is not yet the case. Primevest Capital Partners invests on behalf of the Primevest Communication Infrastructure Fund (“PCIF”) in the construction of the passive infrastructure, while T-Mobile is responsible for the active layer. T-Mobile also opens this network to all competitors on very attractive terms.

Good start of of T-Mobile’s fiber-roll-out ambition
The consortium of T-Mobile, Primevest and VolkerWessels Telecom has demonstrated in Segbroek that many households in The Hague can benefit from fast fiber optics in a short time and with minimal inconvenience. Use was made of a new innovative construction method, in which 32,000 households were connected to fiber optics in eleven months. That’s certainly important in these times when most people work from home.

CEO Søren Abildgaard of T-Mobile: “The project in Segbroek is a good start for our plan to provide hundreds of thousands of addresses with fiber optic services in the coming years. It is great to see that so many customers are using this offer directly and are enthusiastic about the speed and quality of our fiber optic network.”

Loosduinen
Except in Segbroek, T-Mobile, Primevest and VolkerWessels Telecom are currently installing fiber optics for more than 25,000 households in Loosduinen. More locations will soon be announced where the construction of fiber optics will start.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Primevest Capital Partners & T-Mobile to deploy fibre network in the residential area Loosduinen in The Hague

 
 
More than 25,000 households in The Hague get internet of 1 Gigabit. T-Mobile Netherlands announced, together with Primevest Capital Partners, it will connect 25,000 households to a new fibre network in the residential area Loosduinen, in the city of The Hague.

Preparations will start in June and construction will start in August. The project is in line with T-Mobile’s strategy to connect at least 100,000 households in the Netherlands to fiber optics this year. Construction will be performed by preferred partner VolkerWessels Telecom.

The roll-out is planned for areas where there is no fiber optic at the moment. In this way, the telecom provider gives more Dutch people access to the internet at a speed of at least 1 Gigabit per second (Gbps), at the lowest possible price. In combination with an unlimited mobile subscription, customers pay only 25 euros per month for this super-fast internet at home. The first users will be connected later this year. A special feature of the network in Loosduinen is that half of the connections are meant for rental homes. There is close cooperation with the city of The Hague.

T-Mobile also opens this new network to all competitors on very attractive terms.  T-Mobile and Primevest only install optical fiber in places where there is no optical fiber yet. The construction fits with T-Mobile NL’s plan to connect at least 100,000 households in the Netherlands to fibre this year together with partner Primevest Capital Partners.

Great ambition for the coming years
The provider aims to provide fibre services to hundreds of thousands of addresses over the coming years. The two partners have already installed a first fibre network with around 32,000 connections in the Segbroek neighbourhood of The Hague. The unique cooperation between the Netherlands T-Mobile and Primevest Capital Partners enables exploitation of the network at very attractive conditions. The construction in Loosduinen is done by preferred partner VolkerWessels Telecom. An innovative construction method, introduced earlier in Segbroek, which allows construction up to 5 times faster while causing less inconvenience to the surrounding area will be used.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

Article PropertyEU: Finding a space in the car parking sector

 
 
Although car parks are likely to remain a specialist asset class due to liquidity issues, the sector’s long-term potential is accelerating. With car ownership in Europe on the wane, and the continent’s leading cities increasingly driving private vehicles out of town with green policies, the investment case for car parks might seem to be dwindling.

Yet with industry insiders calculating that around half a billion of standalone, investment-grade assets were traded in the sector in 2019, nearly twice the figure for 2018, it is apparent that investor demand is on the rise. Furthermore, the latest state-driven sustainability initiatives – plus the rising value of prime, down-town land in Europe’s leading cities – may actually be boosting the relevance of parking facilities, according to Primevest Capital Partners, one of Europe’s leading car park investors.

BY ISOBEL LEE

Read full article: Article PropertyEU

 

 

Transfer of Holland Park Block 20 to Primevest Capital Partners

 
 
On March 11, 2020, the newly completed residential building Block 20, located in the attractive Holland Park development area, was handed over to Primevest Capital Partners which acts on behalf of a German pension fund.

The property in Diemen, just 5 kilometers below Amsterdam, was acquired in 2016. The original completion was scheduled for spring 2018. However, construction was delayed due to the insolvency of the initial contractor. Based on the existing Woningborg insurance that guaranteed the completion of the building, the selection of a new construction company began in October 2018. The first protective measurements took place afterwards. Thanks to the good cooperation with Woningborg and the selected new contractor, HSB Bouw, construction was able to be continued from spring 2019 onwards.

The first tenants have moved in on 20 March 2020. The property consists of 112 apartments with sizes between 49 m² and 131 m² (total living space of 8,078 m²) and 67 parking spaces. Letting activities started in February which led to an occupancy rate of 93% upfront. All apartments have balconies or roof terraces, bathrooms and fitted kitchens. The property is in high demand due to its design, the high quality of the building, but also due to its excellent connections to Amsterdam (underground and regional train station within 5 minutes walking distance), making it a sustainable investment.

About Primevest Capital Partners
Primevest Capital Partners is a pan-European investment boutique that specializes in innovative real estate and property investments. Due to the extensive industry knowledge with a focus on specialized investment sectors such as parking, telecommunications and affordable, contemporary living, Primevest Capital Partners has developed into a leading provider in these areas. Our top priority is to achieve attractive risk-adjusted returns for our customers. In doing so, we pay attention to sustainable income and value creation. Primevest Capital Partners currently manages assets of 1.6 billion euros, spread across eight sector-specific funds and two individual institutional mandates. Primevest Capital Partners currently has 40 employees at its locations in Utrecht and Berlin.

For more information, please contact:
Lisette van der Ham
Head of Marketing & Corporate Communications
lisette.vanderham@primevestcp.com
www.primevestcp.com

 

 

Press release – Primevest CP acquires Glasgow car park

 
 
Primevest Capital Partners announces it has made its first investment for its 4th institutional parking fund in Glasgow, Scotland’s largest city and third in the UK. Mitchell Street car park is located in the city centre of Glasgow, close to the prime retail area and central station.

Buchanan Street, UK’s 2nd busiest retail street, after Oxford Street in London, is only yards away.The multi-storey car park of 220 parking spaces is operated by NCP, the largest car park operator in the UK which was recently taken over by a Japanese consortium of Development Bank of Japan and Park24. Bart Pierik, Managing Partner Primvest Capital Partners comments: “This is the first acquisition for our European Real Estate Parking Fund IV and the 47th car park in our portfolio. This car park will further strengthen our high-quality and sustainable portfolio of car park investments across Europe”.

Bas Magielse, Fund Manager Parking Primevest Capital Partners adds: “Mitchell Street is very well located and an asset which is expected to provide a very stable and relatively attractive cash return for our investors.”

The fourth institutional Parking Fund is structured as a German Immobilien-Spezialfonds serviced by HANSAINVEST Hanseatische Investment-GmbH (KVG) and will invest in a portfolio of car parks throughout Europe.

Primevest Capital Partners is the leading specialist for car park investments in Europe, and has been launching funds in this segment for over ten years. Including BEREPF IV, the investment manager currently manages a total of six funds with 47 car park properties. Assets under management in the car park segment represent a value of around EUR 900 million. The properties are located at very strong locations in several European countries.