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.
Private real estate holding Global Holdings Group has acquired mixed-use asset 10 Great Pulteney Street from fashion retailer Boohoo.
