Q-Park acquires Mahler4 parking garage for over €100m (NL)

Q-Park, the top-5 player in the European parking market and market leader in the Netherlands, is investing over €100 million in the strategic international business and mobility center Mahler4 that is currently being developed along the Amsterdam Zuidas.

The acquisition of a new multi-storey car park in the area, with room for around 2,000 vehicles, is the biggest investment Q-Park has ever made in a car park.

International strategic hub
In international terms, the area along the southern edge of Amsterdam is an important hub, for both business and traffic. The large office complexes such as the World Trade Centre and head offices of Fortis, ING and ABN AMRO are located in this area. In the future, the new Amsterdam South/WTC station will be where the TGV, train, car, metro and Schiphol links come together.

"This is a prime location. For Q-Park, it is important to have a presence at an international hub like this, because we see parking as part of the mobility network", says Ward Vleugels, Chairman of the Board of Q-Park. "The fact that a TGV station is to be built here in the future ties in perfectly with our partnership with the Nederlandse Spoorwegen (Netherlands Railways)."
This location is also important for Q-Park from a strategic point of view because further large expansion can be expected in the area within the next 10 years.

Good connection with high-class character
The high quality Q-Park demands of its multi-storey car parks is expressed in security, speed, comfort and personal service. Ward Vleugels: "We have raised parking to a higher level. The multi-storey car park is therefore the perfect reception area for a visit to a high-class, international business centre like this."

Biggest investment
For Q-Park, this acquisition is the biggest investment in a multi-storey car park in its history. The transaction involves over 100 million Euro. With this purchase, Q-Park demonstrates that there is more to the company than running multi-storey car parks, and that it is prepared to invest in large infrastructural projects.

Q-Park bought the multi-storey car park from Commerz Grundbesitz Investmentgesellschaft mbH (CGI). The transaction was realised through the collaboration of Van Gool Elburg Vastgoedspecialisten of Amsterdam.

Q-Park is a top-5 player in the European parking market. It owns, manages and runs – fully, or in combination – multi-storey car parks. In recent years, interests in Europe have been rapidly expanded with strong market positions in the Netherlands, Belgium, France, Germany, England and Ireland.

Q-Park shareholders are: ING Vastgoed Fonds Belegging, ING Vastgoedontwikkeling, Rupa, Stichting TKP Pensioen Real Estate Fonds, REAAL Levensverzekeringen, Munthof, Stichting Pensioenfonds ABP, Stichting Bedrijfstakpensioenfonds voor the Detailhandel, Stichting Pensioenfonds Wonen, Stichting Bedrijfstakpensioenfonds voor het Levensmiddelenbedrijf, Stichting Bedrijfspensioenfonds voor de Landbouw, Sprint Invest BV, Stichting Pensioenfonds ING, BHF Bank.

Source: Q-Park

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