Description

Building on the high demand for investing in car parks and its strong position in the car park investment market Primevest Capital Partners launched its third institutional parking fund. Primevest European Real Estate Parking Fund III follows the same strategy as both its predecessors: investing in a portfolio of car parks located in dense inner-cities. In October 2016, Primevest European Real Estate Parking Fund III held its final closing, which raised the fund’s total commitments to € 220.7 million. The fund is structured as a German Immobilien-Spezialfonds.

In August 2017 the fund was fully invested. The last acquisition for the fund was a pan-European portfolio of car park assets located in several countries. This deal was the biggest car park portfolio sold at once. In total Primevest European Real Estate Parking Fund III acquired 22 car park assets located in 7 countries.

Facts

Assets: Car parks
Region: Europe
Volume: € 400 million
Investors: Institutional Investors
Fund: Non-listed
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.