Car Park Acquisition and Leasing
Boufonds and Primevest
Project background
Nationwide
Location
Strategy
Category
Bouwfonds IM commissioned Parking Matters to acquire UK off-street car parks. We identified three suitable assets, facilitated negotiation with the owner, and contracts were exchanged within two months.
What we did
- Assisted in acquiring off-street car parks in the UK.
- Devised filters to identify three suitable assets for acquisition.
- Collaborated with Jones Lang LaSalle to facilitate negotiations with the owners.
- Completed the exchange of contracts within two months of the initial approach.
- Demonstrated effective partnership and negotiation skills in acquiring the car parks.
Outcome
- Bouwfonds IM successfully acquired all three car parks for approximately £66 million.
- Expansion of Bouwfonds IM’s real asset investment portfolio into diverse sectors, including parking.
- Strengthened investment portfolio with long-term value and sustainable investments across Europe.
“We chose Parking Matters for their in-depth knowledge of the industry. This allows us to identify the right type parking assets for our fund. The partnership strategy they adopted with JLL was effective and the whole process went smoothly.”
Ruud Roosen - Director Parking