Bouwfonds Asset Management will launch, at the beginning of 2005, with the operational support of VINCI Park, "European Real Estate Parking Fund".
Bouwfonds Asset Management will be the partner, founder and the manager. This funds will privilege investment in the top-of-the-range European car parks, VINCI Park intervening, in a non-exclusive way, as a manager of these parks. The funds is intended to the international institutional investors seeking a solid and durable profitability. With an investment envelope of 300 million euro, the funds plans to acquier at the same time existing parks held by managers, such as VINCI Park, but also of new parks to be created.
During last years, VINCI Park made evolve the trade of parking to an offer of services of quality intended to improve the customer service. The trade of parking offers an interesting return on investment and presents a weak exposure to the variations of the economic situation what makes it particularly gravitational for the investors.
About Bouwfonds:Bouwfonds Asset Management is the result of a strategic partnership between Bouwfonds and ABN AMRO, with the vocation first to realise and to invest to manage funds in the real sector. These funds are characterized by detention of actifs of great quality and specific structures of financing, managed by teams of dedicated specialists. The Bouwfonds Group thus became one of the principal actors of the real sector in Europe.
About Vinci Park:VINCI Park is world leader in concessions, construction and related services. We design, finance, build and manage parking infrastructure and facilities for public and private organisations around the world.
Operating in 12 countries and managing 775,000 parking spaces, VINCI Park is the premier European parking operator.
VINCI Park draws on the strengths of its constituent companies throughout Europe, Canada, Chile and Hong Kong to offer its clients the widest range of parking related services. As the market leader in Europe for the provision and management of both on and off street parking services, VINCI Park aims to set the standards within the parking industry through the application of innovation and quality of service.