Following the success of the first European Parking Fund, Primevest Capital Partners launched its second European parking fund for institutional investors end of 2012. The core strategy of the second parking fund is to build a pan-European portfolio of car park assets located in dense inner-cities. In May 2013, Primevest European Parking Fund II held its final closing, which raised the fund’s total commitments to € 183.5 million. The fund is structured as a German Immobilien-Spezialfonds.
Beginning of 2016 Primevest European Parking Fund II was fully invested. In total Primevest Parking Fund II invested in 13 car parks located in 5 different countries. The car park portfolio also includes a stake in trophy car park asset Mahler which is in the South-Axis district in Amsterdam.
Assets: Car parks
Volume: € 300 million
Investors: Institutional Investors
Status: Fully invested
Within our fourth parking fund we have outstanding equity to invest in parking assets. Please see our car park acquisition criteria to find out what we are looking for.