Real estate group recognises the true value of car parks

Real estate investors are starting to look at car parks as an asset in their own right rather than just an add-on, Michiel Gerritsen of Bouwfonds REIM tells Mark Moran

Who owns car parks? Car park operators own car parks, but maybe not as many as you might think. In fact, most car parks are owned by local authorities, airports, hospitals and real estate investors such as pension funds. The last group tend to own car parks because they form part of their portfolio of sites, be they office, retail or residential developments.

There are, however, some investors who are focussing on car parks as a real estate class in their own right. Among them is Bouwfonds...

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