Orange Investment Managers with its partners acquires 120 million euros on car parks12 December 2018
In 2017 Orange Investment Managers has strengthen its position the market for car parks with 120 million euros of new car parks purchases across Europe.
As the car park real estate market in Europe is a niche and very fragmented and difficult to build a well-diversified portfolio, we are proud of the team with this result. Jouke Schneider, Director at Orange IM: “With the recent purchase in Ireland, we have built up a portfolio for our various clients, comprising of 6 car parks with approximately 3,750 parking spaces and allocated across 4 countries.”
“Orange Investment Managers expects this strong growth to continue in the coming period and thereby expand the parking garage portfolio within Europe for the next 2 years and bring it to a size of 500 million euros.” In addition: “location, quality and sustainability are essential for our clientele”, says Schneider.
Orange Investment Managers is a European investment manager specialized in acquiring, managing and financing car park real estate.