Munich Re: invests in US parking infrastructure.
(CercleFinance.com) - German reinsurer Munich Re is one of the members of a consortium that has completed a transaction to acquire InterPark, the largest operator of parking infrastructures in the United States.
The investment is supposed to further diversify the group's portfolio and help generate sustainable, predictable cash flows.
InterPark's portfolio includes 57 owned garages and parking lots across major cities like Atlanta, Baltimore, Boston, Chicago, Houston, Minneapolis, Philadelphia, Phoenix, San Francisco and Washington D.C.
The consortium's other institutional investors members include China's CIC Capital Corporation, China Life, and Denmark's PFA Pension.
The terms have not been disclosed.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The investment is supposed to further diversify the group's portfolio and help generate sustainable, predictable cash flows.
InterPark's portfolio includes 57 owned garages and parking lots across major cities like Atlanta, Baltimore, Boston, Chicago, Houston, Minneapolis, Philadelphia, Phoenix, San Francisco and Washington D.C.
The consortium's other institutional investors members include China's CIC Capital Corporation, China Life, and Denmark's PFA Pension.
The terms have not been disclosed.
Copyright (c) 2017 CercleFinance.com. All rights reserved.