Primevest Capital Partners is a pan-European investment boutique, specialising in innovative real asset investment strategies. With solid industry knowledge and focus on specialist investment sectors, such as parking, telecommunications and affordable contemporary living. Primevest CP has grown into a leading player in these sectors. Primevest CP seeks to deliver attractive risk-adjusted returns for its clients, with a focus on sustainable income and capital growth. Primevest Capital Partners currently has 1.5 billion of assets under management, spread across six sector-focused funds and two individual institutional mandates. Primevest CP employs 30 professionals and operates out of offices in Utrecht and Berlin.
Founded in 2018 following a management buyout of parts of Bouwfonds IM, Primevest Capital Partners offers client-focused investment and asset management specialisms, supported by a strong corporate governance structure to underpin all business and investment decisions.
Our activities in a glance:
Europe’s leading car park investment manager
In 2005 we started investing in car parks when we introduced the first European parking investment fund. Primevest Capital Partners was the first one to launch a car park focused investment product on the market. Meanwhile we have grown into Europe’s leading car park investment manager with parking assets under management that total around EUR 950 million today, spread across 5 specialized car park investment funds. Investments are located in densely populated inner-city areas where demand for parking space continues to increase on the back of growing numbers of cars and urbanisation. While on-street parking and congestion lead to a lively discussion, off-street car parks could be the solution as they contribute to a better inner-city living and mobility environment. Car park investments are characterised by stable secure income returns due to the stable pattern of demand for inner city parking. Based on strong underlying fundamentals the asset class has matured over time with a growing number of car park investors, hence growing liquidity. We have outstanding capital commitments for further car park investments and expect to launch our fifth institutional Parking Fund soon.
First mover in communication infrastructure
Access to high-speed broadband has become a basic necessity for society and significant investments in communication infrastructure (fiber-access networks, mobile towers and data centers) are needed to meet growing demand. In 2017, we launched our Communication Infrastructure Fund with seed capital from institutional investors. The target fund size is EUR 500-600 million. Our focus is on investments in passive communication infrastructure assets, working closely together with telecom and cable operators, municipalities and other stakeholders to offer investors a stable cash flow on the basis of long-term lease agreements with network operators and simultaneously contribute to higher broadband capacity for consumer and business. With the first investment completed in 2017 and a growing investment opportunity pipeline.
Proven track record in the residential sector
Our dedicated team members have a proven track record in the residential sector. We have launched in 2007 a mutual fund with a pan- European investment scope and in 2013 an European Student housing special fund. We currently manage a portfolio of around EUR 500 million of residential assets for institutional investors with a focus on affordable contemporary living in areas in growing cities with a strong underlying economy. For our existing mandates we look for new investments in pan-European countries with a preference for changing areas to generate value for our investors. Therefore we invest as well in office buildings with the target to convert these assets into residential buildings like micro apartments.
“With the establishment of Primevest Capital Partners, we are able to continue our high-quality investment management services with our dedicated specialised teams that our clients are accustomed to.”
(Bart Pierik, Managing Partner)