Quantum Immobilien Kapitalverwaltungsgesellschaft mbH has acquired a parking garage portfolio in the Netherlands for the newly launched open-ended fund “Quantum City Parking Netherlands II.” The seller is Holland Immo Group (HIG). The parties have agreed not to disclose the purchase price.
The five assets are the “Zorgboulevard” and “Fenix” parking garages in Rotterdam, “Malieveld” in The Hague, “Amstel Tower” in Amsterdam, and “Bolwerk” in Gouda. “The five parking garages in prime 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 garage fund “Quantum City Parking Netherlands II” has a target volume of 150–200 million euros. It is the successor to the “Quantum City Parking Netherlands,” launched in 2017, and will again be managed in cooperation with Orange Investment Managers. “With the new fund, Quantum is further expanding its activities specifically in the Netherlands and, more generally, in the parking asset class. Overall, this is now our third fund in the parking segment,” Buchwald adds.
CMS Hasche Sigle Partnerschaft von Rechtsanwälten und Steuerberatern mbB (Germany) and CMS Derks Star Busmann N.V. (Netherlands), as well as PVM Eindhoven BV, advised Quantum. Debt financing was provided by Berlin Hyp.