Your partner for car park investments in Europe.
From acquisition to exit – we guide investors through the entire investment cycle for car park real estate. One asset class, exclusively, since 2009.
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Car park real estate. From acquisition to exit.
As a specialised partner for car park real estate we cover the full scope of services – from the first market analysis through to the disposal of your asset.
Transaction
Acquisitions, disposals and off-market deals across the eurozone.
- Due diligence
- Location analysis
- Valuation
- Negotiation
Real Estate
We run the due diligence process and support your parking project.
- Operator-asset business model
- New build: modular or bespoke
- Existing stock: refurbishment and repositioning
- Energy: PV, batteries and charging points
Asset Management
Operational support and value creation for car parks in operation.
- Lease agreements
- Occupancy
- Reporting
- Capex planning
Advisory
Strategic advice for investors and owners of existing portfolios.
- Market access
- Portfolio build-up
- Exit strategy
- Valuation
Research
Data-driven market analyses for your car park property.
- Location scores
- Market dashboards
- Benchmarks
- Insights
Skin in the Game
TREAM invests alongside its clients in the projects it recommends – together with our Dutch partner Dekfordt B.V.
- Joint ventures
- Co-investments
- Forward funding structures
What we are looking for
We are actively sourcing car park assets across Europe – for institutional mandates as well as for our own book.
Europe-wide
Focus on the DACH region and Western European markets, EU-27 overall.
Multi-storey, underground, surface
Any operating structure, including part-ownership and ground leases (Erbbaurecht).
Sought-after locations
City centre, mixed-use districts, healthcare and airports.
Old or new
Standing assets, refurbishment cases or development projects.
Track record
Three transactions that illustrate how specialised knowledge changes the outcome.
Car park Frankfurt Central Station – 349 spaces
The lease was expiring and the market rent sat well below the passing rent. TREAM structured the acquisition and negotiated a follow-on lease with an established operator in advance – which is what made the winning bid possible. Acquired by an institutional parking fund on behalf of a pension scheme.
Car park development Berlin – 700 spaces
The original developer withdrew, the surrounding scheme was delayed and post-Covid financing proved difficult. TREAM renegotiated the lease and purchase framework and secured a lease with a well-known operator. Sold to an institutional investor via forward funding.
Underground car park Bavaria – 450 spaces
Part-ownership, a significant maintenance backlog and open legal disputes – the owner had been trying to sell since 2017. TREAM sourced a lease offer from a top-5 operator plus three competing bids, and closed within the deadline.
A multi-billion-euro market. No specialists.
Around 4,400 multi-storey car parks and underground garages in Germany manage 1.32 million parking spaces and generate an estimated €1.6 billion in operator revenue a year. In the transaction reports of the major brokerage houses, this asset class is filed under "other".
There's a technical reason for that. The value of a car park asset follows the revenue the site generates. Understanding how much revenue a car park earns, what it costs to operate, and what margins are realistic for that specific asset is what lets you work out what an owner can expect to earn. Only then does a defensible valuation follow. That knowledge is built on the asset, not picked up on the side.
We have worked exclusively in this asset class since 2009: with our own revenue and transaction data, a network of contractors, operators, banks and investors, and an understanding of every party with a stake in a car park deal.
The car park market compared with four other operator real estate classes (DE) →
Tilo Staudenmaier – Founder & Managing Director
Since 2009 in the acquisition and management of car park real estate: €250 million of acquisition responsibility across the eurozone plus the transactions of TREAM, more than 50 car park projects delivered, and the launch and distribution of regulated German real estate special funds (KAGB) for institutional investors.
Previously Asset Manager and Senior Investment Manager for parking and commercial real estate at a European fund initiator and asset manager.
The founder is always the point of contact on every mandate.
Parking real estate only
No residential, no office, no retail. One asset class since 2009, from operator calculations through lease and management agreements to technical condition.
Value follows revenue
We know what revenue a site can generate, what it costs to operate, and what margins are realistic for that asset. That determines the sustainable income an owner can expect – and from there, the value. Same method for every asset, regardless of size.
Every perspective at the table
Operators, investors, asset managers, banks, technical experts and valuers each judge the same asset differently. We know each of these perspectives from direct practice, and where they collide in a deal.
Where the structure allows it, we invest alongside our clients.
We have delivered transactions, lease agreements and development projects together with these companies – as operators, contractors, capital partners or fund management companies. Dekfordt B.V. is our strategic partner for the European market, including joint co-investments.
Parking Insights
Our research on car park investments, the mobility transition and urban infrastructure – currently published in German. Downloadable as PDF, and we are happy to discuss any of it in English.