Bouwfonds Real Estate Investment Management plans to launch a second European parking fund for institutional investors in the first quarter of 2011. Bouwfonds European Real Estate Parking Fund II will invest in a diversified pan-European portfolio of prime car parks. The target size of the fund will be EUR 500 mln of equity, which will be raised in several closings. The term of the fund will be 10 years.
Pan-European investor Bowery and real estate investor Alba join forces to acquire their first last-mile logistics asset in the Netherlands.
