has acquired a multi-storey car park in the Netherlands on behalf of the Primevest European Parking Fund IV fund.
The manager has invested 鈧�16.5m to buy the Heuvelpoort car park in Tilburg from Tilburg Centrum OG.
Ruud Roosen, partner, Primevest Capital Partners, said: 鈥淲ell-located, inner-city car parks make resilient investments and Heuvelpoort is a good example. It is set in a prime location close to Tilburg鈥檚 main shopping area, which according to InRetail is proving to be one of the Netherlands most robust city centres during the Covid-19 pandemic.
鈥漈here are also a theatre, Path茅 cinema and Mercure hotel nearby, all of which ensure that the car park is in use 24 hours per day.鈥�
Bas Magielse, a fund manager at Primevest Capital Partners, said: 鈥淭he property in Tilburg represents the 49th car park in the low risk, income-producing portfolio that we have assembled and manage for our investors.
鈥淏eing able to secure this opportunity in a highly competitive market demonstrates the strength of our network and local market knowledge. We have ready equity to invest in similar opportunities to Tilburg across European markets.鈥�
The latest deal lifts Primevest鈥檚 total car park assets under management to over 鈧�1bn.
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