Quantum is expanding its activities in the Netherlands with a second parking fund
At the launch, a portfolio of five parking garages was acquired in Rotterdam, The Hague, Amsterdam and Gouda
A fund volume of 200 million euros is planned
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Hamburg (ots)
Quantum Immobilien Kapitalverwaltungsgesellschaft mbH has acquired a parking garage portfolio in the Netherlands for its newly launched fund "Quantum City Parking Netherlands II". The seller is Holland Immo Group (HIG).
The 5 properties are the parking garages "Zorgboulevard" and "Fenix" in Rotterdam, "Malieveld" in The Hague, "Amstel Tower" in Amsterdam and "Bolwerk" in Gouda. "The 5 parking garages in premium locations comprise a total of around 3,200 parking spaces. The long-term tenant of all properties is the Dutch market leader Q-Park”, says Quantum Managing Director Arndt Buchwald.
The new parking fund "Quantum City Parking Netherlands II" has a target volume of 150 - 200 million euros. It is the sequel to "Quantum City Parking Netherlands", which was already launched in 2017, and will again be managed in cooperation with Orange Investment Managers. "With the new fund, Quantum is once again expanding its activities specifically in the Netherlands and in the parking asset class in general. Overall, it is now our third fund in the parking segment”, Buchwald said.
„We are very pleased to grow our activities with Quantum in these challanging times with the acquisiton of this portfolio and the launch ofsequel fund of the succesfull Quantum City Parking Netherlands I fund. We see good opportunities to grow the fund to targeted fund volume in the coming period“, says Michiel Gerritsen, director at Orange Investment Managers.
CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB (Germany) and CMS Derks Star Busmann N.V. (Netherlands) as well as PVM Eindhoven BV acted as advisors to Quantum. The debt financing was provided by Berlin Hyp.
About Quantum Since its founding in 1999, the independent Quantum Immobilien AG has stood for forward-looking project development, attractive institutional investment products and holistic management of real estate investments. The company's activities focus on German metropolitan regions. The project development business realizes both its own projects and joint ventures as part of corporate investments – so far this has resulted in 80 properties with a total area of over 1,800,000 m². The transaction volume amounts to around €5.0 billion. In the investment business, Quantum offers customized solutions for institutional investors via its own capital management company, such as special real estate funds or alternative investment products. Assets under management amount to approximately €10.6 billion.
About Orange Investment Managers
Orange Investment Managers is a leading specialist investment manager with a focus on operational real estate especially car parks, hotels and serviced living concept and invests throughout Europe. Currently, Orange IM manages investments in 7 countries with an investment volume over €550 million and intents to double their AuM in the coming two years.
Contact:
Jana Beckmann
Referentin Unternehmenskommunikation
Tel.: +49 40 41 43 30 - 146
Mobil: +49 152 0573 46 89
jb@quantum.ag
Original content of: Quantum Immobilien AG, transmitted by news aktuell