Orange Investment Managers acquires public car park in Dordrecht

At the end of December, Orange Investment Managers, based in Amsterdam, purchased an asset in Dordrecht for one of its managed funds. The asset consists of a standalone public MSCP with approximately 400 parking spaces which has been leased to Q-Park. The investment volume is approximately € 13 mln.

“Dordrecht is a good city for the diversification of our portfolio. We are therefore very pleased to have been able to acquire this asset from our network”, says investment manager Frenky Prins. “Despite these unprecedented times, we still see good opportunities to invest in mobility in the right places in Europe, with our funds we have a long term horizon. On our website (red: www.orangeim.nl) you can find our investment criteria”.

Orange Investment Managers is a leading specialist investment manager with a focus on parking real estate and invests throughout Europe. Currently, Orange IM manages parking garages in 6 countries (the Netherlands, England, Ireland, Germany, Italy and Denmark).

BMB ontwikkeling (part of VolkerWessels) and Reggeborgh Vastgoed have recently concluded an agreement with Orange Investment Manager for the sale of the public parking garage within project BinnenDok at the NDSM wharf in Amsterdam. The asset was bought for one of its managed fund Catella Parken Europe.

The building comprises a parking facility with 525 public parking spaces, commercial premises forming the facade on the ground floor and a roof garden for residents and neighbours. The building forms part of the ‘BinnenDok’ project, which, besides the parking garage, comprises two residential buildings with 107 apartments, an office building and commercial facilities at street level. The construction of the BinnenDok project is expected to begin in the first quarter of 2021 and completion of the project is expected in 2023. Project BinnenDok was designed by Heren 5 architects from Amsterdam.

New urban district NDSM

Project BinnenDok is being developed in the heart of the NDSM-wharf, the new urban district on the north bank of the IJ-river, where the biggest and most modern shipyard in the world once stood. The transformation of this area started more than 15 years ago. The total program will be expanded over the coming years to include some 5,000 rental and owner-occupied homes, parking facilities, leisure functions, commercial premises, (small)offices and shops. Following the completion of over 300 social housing units and a health center earlier this year, BMB ontwikkeling and Reggeborgh Vastgoed will shortly deliver the Pontkade project. This project comprises 250 rental and owner-occupied homes with an Albert Heijn supermarket and a variety of hospitality establishments on the ground floor.

Frenky Prins @ Parking Network

Frenky Prins @ Parking Network

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At the end of March, Amsterdam-based Orange Investment Managers bought its second asset in Copenhagen for one of its managed funds. The asset consists of a car park with retail (mainly supermarket), located on the Vesterbrogade at the edge of the centre of Copenhagen. The total investment volume is approximately € 32 million.

“Copenhagen is a good city with an attractive parking market and an excellent infractucture. We are therefore very pleased to have been able to acquire this asset from our network”, says managing director Jouke Schneider. “Despite these unprecedented times, we still see good opportunities to invest in mobility in the right places in Europe, with our funds we have a long term horizon. On our website (red: www.orangeim.nl) you can find our investment criteria”.

Orange Investment Managers is a leading specialist investment manager with a focus on parking real estate and invests throughout Europe. Currently, Orange IM manages parking garages in 6 countries (the Netherlands, England, Ireland, Germany, Italy and Denmark).

In the second half of 2019, Amsterdam-based Orange Investment Managers acquired 3 parking garages for its various managed funds in Heerlen, Utrecht and Eindhoven. The total investment volume amounts to approximately € 70 million. The parking garage in Eindhoven is still in the construction phase and will be completed after the summer.

“Car parks are a niche market in Europe and that requires focus. We are therefore very pleased to have been able to acquire these parking garages from our network”, says director Michiel Gerritsen. “With our expanded team, we expect to be able to sustainably maintain and further expand our growth of the past year in 2020. Our investment criteria can be found on our new website (ed: www.orangeim.nl).

Orange Investment Managers is a leading specialist investment manager with a focus on parking real estate and invests throughout Europe. Currently Orange IM manages parking garages in 6 countries (the Netherlands, England, Ireland, Germany, Italy and Denmark). 

Orange Investment Managers, specialist investment manager with a focus on parking real estate, expands its team with Frenky Prins (investment manager) as of the first of January.

Frenky Prins, has gained his experience in the parking and real estate sector at TMC, Scheidt&Bachmann and Ballast Nedam over the past 10 years. Frenky will focus on the purchase of parking real estate in Europe for the various parking funds to achieve the intended fund (growth) objectives.

“Growth of our portfolio and the high-quality investment of our investors’ commitments require focus, knowledge and network, especially in a niche market such as parking garages. With the arrival of Frenky, we will be even better able to achieve our (medium) long-term objectives,” says director Jouke Schneider. 

Orange Investment Managers currently manages an international portfolio of parking garages in 6 European countries from its offices in Amsterdam and Düsseldorf. The arrival of Frenky underlines the growth ambition of her portfolio.

Orange Investment Managers, specialist investment manager with a focus on parking real estate, expands its team with Richard Kuiper (asset manager) and Ronald van Aerssen (finance director).

Richard Kuiper, member of RICS and registered appraiser, gained experience as appraiser and broker at Cushman & Wakefield, formerly DTZ Zadelhoff, after his real estate studies. Richard will be responsible for the asset management and realisation of the intended fund objectives.

Ronald van Aerssen has been appointed as finance director for the further professionalisation of the services provided to our clients. Prior to this, he was active in various finance roles at Rabobank and ABN AMRO Bouwfonds, as well as in the development of the fund performance management software FundStar.

“Investment management, especially in a niche market such as parking garages, requires focus and a continuous commitment to the quality of the real estate and our services. This expansion will enable us to achieve further growth,” says director Jouke Schneider. “In addition, our team continues to look for new investment opportunities”.

Currently, Orange Investment Managers manages an international portfolio of parking garages in 6 European countries from its offices in Amsterdam and Düsseldorf. The arrival of Richard and Ronald underlines the growth ambition and further development of her portfolio.

In the first 5 months of 2019, Amsterdam-based Orange Investment Managers acquired 3 parking garages for its various managed funds in The Hague, Kaiserslautern and Milan. This concerns the second parking garage in The Hague and the first in Italy and Germany. The garage in Germany will be managed from Orange IM’s German office in Düsseldorf. The total investment volume amounts to approximately € 30 million.

“Parking garages are a niche market in Europe and that requires focus. We are therefore very pleased to have been able to acquire these parking garages from our European network”, says director Michiel Gerritsen. “Our team continues to look for new investment opportunities and we expect further additions to our portfolio before end of summer. Our investment criteria can be found on our new website (ed: www.orangeim.nl)”.

Orange Investment Managers is a leading specialist investment manager with a strong focus on parking real estate and invests throughout Europe. Currently Orange IM manages parking garages in 6 countries (the Netherlands, England, Ireland, Germany, Italy and Denmark).