Bouwfonds Investment Management has acquired the following car parks: Amsterdam Zuidoost (P6-Uitgaansdriehoek), Breda (city centre – Markendaalseweg), Eindhoven (De Admirant), Nieuwegein (St. Antonius hospital) and Zaandam (Hermitage). The car park in Amsterdam Zuidoost is leased to the municipality of Amsterdam on a long-term lease contract. The other car parks are leased back to Q-Park, also on a long-term lease contract.

During the acquisition, Bouwfonds IM was advised by Colliers International for the valuation, by RPS regarding due diligence techniques and by DLA Piper for the legal and transaction documentation.

Bouwfonds IM has a total amount of AuM of 515 million EUR invested in car parks in Europe. Bouwfonds IM is looking for car park investments in Germany, France, the Benelux, the UK, the Nordics and the Alpine countries.

New closed-ended fund

The car parks have been acquired for a new closed-ended car park fund for German private investors, high net worth individuals and small institutional investors that seek exposure to the Dutch car park sector. The fund is the successor to Bouwfonds Private Dutch Parking Fund I, which was successfully launched and made available to German private investors last year and also invests in six car parks in Dutch city centres.