Catella: Parking in Europe – investors focus on multi-storey car parks
Until now, multi-storey car parks have barely been on investors’ radars. Ongoing yield compression of traditional property investments is changing all that. There are currently around 300 million public parking spaces in Europe and 48,000 multi-storey car parks. However, there is a vastly diffuse nature to the companies that provide parking facilities, lacking in uniformity.Investors are becoming more aware of multi-storey car parks in terms of two essential aspects: cash flow and appreciation potential. Throughout Europe, Catella’s analyses indicate that the outlook for these two areas