Press releases and news

Orange Investment Managers with its partners acquires 120 million euros on car parks

12 January 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.


Orange IM acquires a MSCP in Cork – Ireland

12 January 2018

Together with its partner Catella Real Estate, Orange has acquired a car park with 720 parking spaces and a supermarket in Cork for the open-ended real estate special AIF, Catella Parken Europa. The property is leased to one of the leading car park operators in Ireland NCPS on a long-term basis.

The Merchant Quays multi storey car park in Cork is located at one of the anchors of the city center in Cork, the Merchant Quays shopping center, on the edge of the city centre. Cork is the second city in Ireland with a strong outlook.

“We are proud to announce this acquisition. The car park has a strong track record with stable income, it serves the Merchant Quays shopping center, inner-city retail, the nearby leisure and night life, offices, hotels. Besides this acquisition we expect to add more interesting investments to our clients portfolios on the short term which will increase diversification for the different funds even further. We want to build a broadly diversified portfolio of lucrative parking garages all over Europe for our investors, with a balanced risk-reward profile,” says Michiel Gerritsen, director at Orange Investment Managers.

Launched one year ago, the Catella Parken Europa fund invests in predominantly city center car parks in the core countries of Europe and expects to grow to EUR 250 million 2018.


Orange IM buys car park in Manchester

15 October 2017

On behalf of the Munich-based investment manager Catella Real Estate, Orange IM has acquired a car park with 777 parking spaces in Manchester for Catella Parken Europa. The property is leased to the largest UK car park operator NCP on a long-term basis.

The multi storey car park at Shudehill in Manchester is located directly above a tram and bus station, on the edge of the city centre, the NOMA redevelopment and the Northern Quarter.

“We are vey pleased with this acquisition. This car park is the ideal car park for the fund, it serves the innercity retail, the nearby leisure and night life, offices, hotels and is located on top of a mobility hub. The Catella Parken Europa fund will further contribute to significantly strengthening our market position as a niche provider of open-ended investment funds. Together with our experienced partner, we want to build a broadly diversified portfolio of lucrative parking garages all over Europe for our investors, with a balanced risk-reward profile,” says Henrik Fillibeck, Managing Director of Catella Real Estate.

Launched in December 2016, the Catella Parken Europa fund invests in predominantly city center car parks in the core countries of Europe and expects to have EUR 100 million invested before year end.

The fund is designed exclusively for institutional and semi-professional investors, who will be able to participate from EUR 5 million and upward. The properties are being selected by Catella’s Dutch partner Orange Investment Managers, which focuses on the acquisition and asset management of car parks in Europe.


Orange IM buys second car park in the Netherlands

2 October 2017

On behalf of the Hamburg based fund manager Quantum Immobilien Kapitalverwaltungsgesellschaft mbH, Orange IM bought the second Dutch car park.

The second acquisition is the car park Nieuwe Markt in Gouda. The car park is located at the heart of the shopping centre and comprises of 480 parking spaces and considered the main car park of Gouda. The car park was bought by Van Ettekoven and Orange IM secured a long term lease agreement with Q-Park.

Michiel Gerritsen, Director of OIM: “This acquisition proves that we have been competitive and efficient in closing a transaction in a couple of weeks. The car park is located at a very intersting location in a city with one of the highest car density in the Netherlands.”

The fund invests in public car parks in the Netherlands and is funded through German institutional investors. For this fund, Quantum engaged with the Amsterdam based Orange Investment Managers, who are responsible for all acquisitions and the management of the portfolio.


Orange IM buys first car park in the Netherlands

18 April 2017

The Hamburg based fund manager Quantum Immobilien Kapitalverwaltungsgesellschaft mbH has set up a new Dutch car park fund and bought its first car park by the end of March.

The first acquisition is the car park De Soeverein in Amersfoort. The car park is located at the edge of the shopping centre and comprises of 575 parking spaces. The car park was bought in a sale and lease-back with Q-Park, who signed a long term lease agreement.

Michiel Gerritsen, Director of OIM: “Together with Quantum we are very happy with this first acquisition in the Netherlands. The car park is located at a strategic and well accessible location in one of the fastest growing cities in the Netherlands. We expect to complete further acquisitions in the near future.”

The fund invests in public car parks in the Netherlands and is funded through German institutional investors. For this fund, Quantum engaged with the Amsterdam based Orange Investment Managers, who will be responsible for all acquisitions and the management of the portfolio.


Catella’s new parking fund makes its first investment in Copenhagen

07 February 2017

Orange Investment Managers and Munich-based investment manager Catella Real Estate acquired a car park with 360 parking spaces in Copenhagen for its newly launched open-ended real estate special AIF, Catella Parken Europa. The property is leased to the well-known car park operator Apcoa on a long-term basis.

The parking garage in Copenhagen is located on the edge of the city centre, directly on one of the city's major roads. The lease with the operator Apcoa was recently extended. The sellers of the property are private investors.

"Parking space comes at a premium in the Danish capital, so the occupancy rate of the centrally located car park is very high," says Henrik Fillibeck, Managing Director of Catella Real Estate.

Launched in December 2016, the Catella Parken Europa fund aims to attain an equity target of EUR 200 million and will invest at least 70% in the core countries of Central Europe. The fund is designed exclusively for institutional and semi-professional investors, who will be able to participate from EUR 5 million and upward. The properties are being selected by Catella's Dutch partner Orange Investment Managers, which focuses on the acquisition and asset management of parking garages in Europe.


Catella and Orange IM launch a new parking fund

06 December 2016

Munich-based investment manager Catella Real Estate expands its investment portfolio with the asset class of parking by launching a new open-ended real estate special AIF, Catella Parken Europa. The fund has an equity target of EUR 200 million and will invest in parking garages in selected target markets across Europe.

The Catella Parken Europa fund aims to attain an equity target of EUR 200 million and will invest at least 70% in the core countries of Central Europe. In addition, up to 30% of the portfolio will be invested in other European countries, such as Portugal, the Czech Republic and Poland. The fund is designed exclusively for institutional and semi-professional investors, who will be able to participate from EUR 5 million and upward.

“Parking as an asset class is still often underestimated, although car parks have a higher average initial rate of return than office or retail properties. The targeted size of the individual properties we are aiming for in the fund is EUR 5 million or higher,” says Henrik Fillibeck, Managing Director of Catella Real Estate.

The properties are being selected by Catella’s Dutch partner Orange Investment Managers, which focuses on the acquisition and asset management of parking garages in Europe. The company is headed by two partners with a combined 25 years of experience in the parking investment business, and who have acquired parking garages across Europe worth more than EUR 800 million.

“Parking has matured into an established investment alternative in recent years. Throughout Europe, there are around 48,000 parking garages in 28 EU member states. The market is expected to grow further in years to come because car sharing, electric cars and highly automated driving will increase demand for paid-for parking space. Parking space increasingly comes at a premium, especially in city centres, at airports and around hospitals, while parking charges are rising significantly faster than inflation. In addition, long leases mean that parking garages enjoy low levels of volatility and stable income,” says Thomas Beyerle, Head of Research at Catella.

“The Catella Parken Europa fund will further contribute to significantly strengthening our market position as a niche provider of open-ended investment funds. Together with our experienced partner, we want to build a broadly diversified portfolio of lucrative parking garages all over Europe for our investors, with a balanced risk-reward profile,” says Henrik Fillibeck.