Catella Real Estate AG, a leading specialist in property investments and fund management, has acquired the multi-storey car park Park 25, the Milan-based car park for its open real estate special-AIF “Catella Parken Europa”. The acquisition process was facilitated by ONEtoONE Corporate Finance. The fund is a cooperation product of the Munich investment manager Catella and Orange Investment Managers from Amsterdam. The fund invests exclusively in central parking areas with stable cash flows in major European cities.
“After acquisitions in Denmark, Ireland, Great Britain and the Netherlands, the property in Milan is now the fifth multi-storey car park to be included in the fund. With a balanced risk/return profile, our investors benefit from attractive dividend yields of up to 5%.”
– Henrik Fillibeck, CEO of Catella Real Estate AG
About the companies
Park 25 is a multi-storey car park with six underground levels is located at Piazza 25 Aprile in the historic center of the northern Italian metropolis of Milan. The car park has a total rental area of around 10,000 m² with 333 parking spaces. The anchor tenant of the fully let property is APCOA Parking Italia S.p.A.
Catella is a leading specialist in property investments and fund management based in Munich, with operations in 15 countries. Its main functions are to provide for real estate solutions in the field of open-end special funds, open-end public funds, closed-end-real estate funds, and single accounts.
Read about more business acquisition advised by ONEtoONE!
