Parking Industry

In its first divestment from the Primevest European Parking Fund III, Primevest Capital Partners has sold the María de Molina car park in Madrid. The asset, managed by Primevest since 2005, was acquired by Indigo through a selective off-market process, reflecting strong operator interest and market timing.

YIT has signed an agreement to begin development of the Tuusula health and social services centre and the Varuskunnanaukio parking facility. Located in the heart of Hyrylä, the €44 million project is a cooperative effort with Keusote and the Municipality of Tuusula and aims to deliver sustainable, energy-efficient infrastruct...

VGP and Areim have agreed on the third closing of their 50:50 joint venture, SAGA. The €509 million transaction includes 17 logistics buildings and one parkhouse, adding 424,000 sqm of lettable area across seven countries. Closing is expected in December, pending merger clearance.

Porth Group has acquired the Stadtpalais in a prime central location of Potsdam. The seller of the ensemble, whose anchor tenant Karstadt occupies more than 12,500 sq m, is investment manager Mark (formerly Meyer Bergman). The company had purchased the property in 2016 for its real estate fund “Meyer Bergman European Retail P...

Yit will deliver the Kulttuuriparkki parking facility in Turku for TK Säätiösijoitus Oy. Covering around 7,000 sqm, the building will provide 230 parking spaces and 20 EV charging points. Construction starts in September 2025, with completion scheduled for autumn 2026.

Parking operator Apcoa has named Jörg Ulrich (48) as Chief Growth Officer. A long-time executive with the group, Ulrich will be responsible for driving digital expansion, unlocking new revenue streams, and strengthening Apcoa’s market position.

Skanska has signed an agreement with the municipal company Kreativa Hus Skövde AB to build an office building with an adjacent parking garage in central Skövde. The agreement is worth about SEK 340m, which will be included in the order intake for Sweden in the first quarter of 2025.

Toivo Group has signed an agreement for a €5,2 million project management contract for the construction of a parking facility for the Aviapolis block.

AIF Capital has acquired the underground car park of the Nokia Arena in Tampere from Tampereen Tornit KY. With an transaction volume of around €11.5 million, AIF Capital Group will further diversify their Car Park Fund Europe at an attractive location with growth potentials and a stable market environment.

Indigo Group has completed the acquisition of Apcoa Belgium NV, including a 50% stake in ParcBrux BV (the remaining 50% being already owned by Indigo) and a 50% stake in Maatschap Parkeren Leuven.

The redevelopment of the North Place surface car park, located within Cheltenham’s Central Conservation Area has been approved by Cheltenham Borough Council’s planning committee.

Indigo Group has signed an agreement with Apcoa Holdings GmbH to acquire their Belgian subsidiary, Apcoa Belgium NV, including a 50% stake in ParcBrux BV (the remaining 50% being already owned by Indigo) and a 50% stake in Maatschap Parkeren Leuven.

Palace Capital sold five investment properties in England for £15.3m during the first quarter.

Strategic Value Partners has completed the purchase of Apcoa from Centerbridge . All necessary approvals have been granted.

Apcoa Parking Holdings and Strategic Value Partners and its affiliates (together, „SVP“) announced that SVP-managed funds have entered into an agreement to acquire 100% of Apcoa. The transaction is expected to close in the next three months, subject to receipt of required regulatory approvals as well as other customary closin...

Peakside Capital Advisors AG has acquired four assets with a combined 20,000 sq.m. of logistics, office and service space in the CargoCity Süd at Frankfurt Airport. The portfolio will become part of a Peakside Real Estate Fund. The parties agreed not to disclose the purchase price.

Holland Immo Group completed the sale of Parking Fund Nederland I, II and V at the end of December 2022. This involves a total of more than 3,200 parking spaces across five public car parks, located in Amsterdam, The Hague, Gouda and Rotterdam. Vendor is Quantum Immobilien, on behalf of the new launched fund „Quantum City Par...

Holland Immo Group completed the sale of Parking Fund Nederland IV on December 15, 2022. The fund consists of two car parks with a total of 691 parking spaces. The buyer is Telios RE Infrastructure for Mobility Fund. The fund is aimed at institutional and professional investors and expects to invest more than € 150 million e...