Orange Investment Managers invests € 70 million in 3 car parks in The Netherlands7 January 2020
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).