With the increase in research and investment to initiatives such as car sharing and autonomous vehicles, it is easy to assume that investing in car parks would not be profitable long-term. Cities are improving the noise and air quality by limiting car access to city centers or, in some cases, by banning cars from the city altogether.
But is there a real threat to car park investment?
Bouwfonds IM, a leader in real asset investment management, believes that car parks will continue to be a profitable investment in the next 10 to 15 years. Despite the technological development with autonomous vehicles, Bouwfonds believes the expectations of car growth for Western Europe will stay true. These technological developments will become popular but not at the hype they are expected to be. There are also regulatory challenges to consider with autonomous cars which is why people will continue to prefer ready and exclusive ace to a personal car.
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About Bouwfonds Investment Management
Bouwfonds Investment Management (Bouwfonds IM) is the real asset investment management company of Rabo Real Estate Group, one of Europe’s leading real estate companies. We offer distinctive investment products for institutional and private clients in selected real estate, infrastructure and natural resources sectors. Bouwfonds IM manages a portfolio with a total value of €6 billion, distributed among the following sectors: commercial and residential real estate, communication infrastructure, parking, and agriculture. Bouwfonds IM has local offices in the Netherlands, Germany, France, Poland and Romania.