ABP through its pension investor APG is to acquire a 39% stake in Interparking, one of Europe’s largest car park owners and operators. APG will buy the stake from CPP Investment Board Europe S.à r.l, a subsidiary of Canada Pension Plan Investment Board (CPPIB). AG Real Estate and Parkimo will maintain their positions in Interparking. Closing of the transaction is expected to take place over the coming months.

Interparking is one of the leading European car park operators. Interparking designs, builds, operates and maintains high-quality car parks across Europe. Headquartered in Belgium, the company employs more than 2,500 employees and operates 949 car parks sites with c.415,000 parking spaces in cities across 416 cities in 9 countries. As of 2019, Interparking has car parks in Belgium, the Netherlands, Spain, France, Italy, Poland and Romania. Interparking operates car parks in Germany and Austria under the brand Contipark.