Underground parking facility in the city center

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Status: Searching for investor

Purpose:

•Provide a well-balanced supply of parking spaces in the city center
•Satisfy surging demand for paid parking
•Reduce traffic congestion in the city center
•Prevent illegal parking
•Expand pedestrian areas in the city center

Size:

•400 parking places on 2 under-ground levels
•Total area: 14,000 sq.m.
•Construction period: 1 year

Key assumptions:

•CAPEX: EURO 8 mln
•Occupancy rate: 30% in Y-1, 80% in Y-26 and onwards

Expected outcomes:

•Investor IRR: 14.4%
•Pay-back period for Investor: 8.5 years