Inner-city parking portfolio with attractive fundamentals
Special Situation
Overview
Six conveniently located and well-maintained inner-city car parks in The Hague and Rotterdam
Professionally managed by APCOA, Europe's top tier car park operator with pro-active asset management by Holland Immo Group
Platform
Year
2022
Asset type
Dutch Car Parking
Location
Netherlands
Investment Highlights
- Strong tailwinds with no new supply
- Resilient business model with a stable and attractive cash on cash yield
- Value upside potential through improving turnover and operational efficiency
- ESG angle by investing in EV charging stations
Achievements
Best-in-class partner
- Asset management signed with operator APCOA to improve operating income levels through active property management
- Parking rates have improved through the introduction of dynamic pricing
Value upside potential
- Through a combination of proactive asset management, turnover has increased along with visitor numbers
ESG
Sustainability initiatives
- Implementing EV charging stations, solar panels and LED lighting
Portfolio
