Quantum is expanding its activities in the Netherlands together with Orange Investment Managers with a second parking fund. At the launch, a portfolio of five parking garages was acquired.

Investment Managers with a second parking fund. At the launch, a portfolio of five parking garages was acquired in Rotterdam, The Hague, Amsterdam and Gouda. A fund volume of 200 million euros is planned.

Quantum Immobilien Kapitalverwaltungsgesellschaft GmbH has acquired with Orange Investment Managers a car park portfolio in the Netherlands for its newly launched fund "Quantum City Parking Netherlands II".

The 5 properties are the parking garages "Zorgboulevard" and "Fenix" in Rotterdam, "Malieveld" in The Hague, "Amstel Tower" in Amsterdam and "Bolwerk" in Gouda. "The 5 parking garages in premium locations comprise a total of around 3,200 parking spaces. The long-term tenant of all properties is the Dutch market leader Q-Park," says Quantum Managing Director Arndt Buchwald.

The new parking fund "Quantum City Parking Netherlands II" has a target volume of 150 - 200 million euros. It is the sequel to "Quantum City Parking Netherlands", which was already launched in 2017, and will again be expanded by and managed in cooperation with Orange Investment Managers. "With the new fund, Quantum is once again expanding its activities specifically in the Netherlands and in the parking asset class in general. Overall, it is now our third fund in the parking segment," Buchwald said.

„We are very pleased to grow our activities with Quantum in these challanging times with the acquisiton of this portfolio and the launch of a sequel fund of the succesfull Quantum City Parking Netherlands I fund. We see good opportunities to grow the fund to targeted fund volume in the coming period“, says Michiel Gerritsen, director at Orange Investment Managers.

CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB (Germany) and CMS Derks Star Busmann N.V. (Netherlands) as well as PVM Eindhoven BV acted as advisors to Quantum. The debt financing was provided by Berlin Hyp.