Q-Park Takes over Parking Facility at Hamburg Airport

Holiday Parking at Hamburg Airport

The parking operator Q-Park Operations Germany GmbH & Co. KG took over the parking facility "HolidayParking P11" in Hamburg on February 1st, 2023 and is thus further expanding its presence in northern Germany. The property was recently acquired by Catella Real Estate AG (CREAG) together with Orange Investment Managers for the special AIF "Catella Parken Europa" and is included in the portfolio with a long-term lease agreement.

The multi-storey car park located directly at "Hamburg Airport - Helmut Schmidt" was built in 2012 and has 1,178 parking spaces on 10 split levels and a comfortable lounge/waiting room for passengers. Due to the short distance of 1.2 km and the free shuttle service from the car park to the airport, the property is particularly suitable for the target groups of tourists, business customers and airport staff. In the immediate vicinity of the multi-storey car park there are well-known hotels, commercial and logistics companies as well as other service providers close to the airport.

Q-Park offers short-term and long-term parkers a modern and digitized parking option at this location thanks to the upcoming conversion of the parking technology. With the Q-Park app and the new license plate recognition system, customers benefit from contactless entry and exit as well as cashless payment. In addition to using the Q-Park app, customers can also conveniently book and reserve a parking space in advance online via the parking space manager's website and via third-party websites.

"We are pleased that we can expand the "Catella Parken Europa Fund" with our investments in Germany. It is great that after several successful locations throughout Europe we are now also present in Germany and that Q-Park will operate our parking facility.", says Frenky Prins, Investment Manager at Orange Investment Managers.

Frank Meyer, Managing Director of Q-Park Operations Germany GmbH & Co. KG, adds: "We are particularly pleased to be able to operate this parking facility in an ideal location near Hamburg Airport and to further advance digital parking in Germany through our conversion measures".

About Q-ParkQ-Park logo

Q-Park is notable for its quality approach and has a portfolio comprising over 3,300 parking facilities with more than 640,000 parking spaces in the Netherlands, Germany, Belgium, Great Britain, France, Ireland, and Denmark.

About Orange Investment Managers

Amsterdam-based Orange Investment Managers is an international investment services provider specializing in real assets with a particular focus on corporate real estate. The company was founded in 2015 and since then the assets under management have grown to EUR 550 million in seven European countries. Orange IM offers specialist knowledge and an expert network for institutional investors with a focus on hotels, serviced apartments and car parks.

About Catella Real Estate AG

Founded in January 2007 and based in Munich, Catella Real Estate AG (CREAG) deals with the management of real estate funds and advice on investing in real estate. CREAG is a licensed capital management company (KVG) under German investment law (KAGB). The purpose of the company is the conception, development and management of open real estate special funds, which are based on the competence and the outstanding market position of the Catella Group. CREAG currently manages assets of 7.7 billion euros in 20 real estate funds (as of September 30, 2022).