Orange Investment Managers buys 3 car parks in The Netherlands, Italy and Germany3 June 2019
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).