Bouwfonds Investment Management has acquired a multi-storey car park in Amsterdam for approximately €130 mln.

Bouwfonds Investment Management has acquired a multi-storey car park in Amsterdam for approximately €130 mln.

The Mahler underground car park in the Dutch capital’s Zuidas business district was acquired in a sale-and-leaseback deal from car park operator Q-Park, which will continue to occupy it on a 25-year lease.

The car park has 1,755 spaces over five levels and is surrounded by six high-rise office blocks and an apartment building.

The property is owned by two German real estate funds: Bouwfonds European Real Estate Parking Fund II (BEREPF II) and Bouwfonds European Real Estate Parking Fund III (BEREPF III).

‘The location in Zuidas, the country’s main CBD which has low vacancy rates and a great demand for high-quality parking spaces, is a key advantage,’ said Bark Pierik, managing director parking of Bouwfonds IM.

DTZ Zadelhoff acted as selling agent.

Bouwfonds IM is the real asset investment management division of Rabo Real Estate Group, with a total portfolio of €6 bn including commercial and residential real estate, communication infrastructure, car parks and agricultural land. BEREPF II and BEREPF III both have the legal structure of a German open-ended real estate Spezial-AIF.