AIF Capital Group has broadened its Parkhausfonds Europe portfolio with the acquisition of the Nokia Arena car park in Tampere, Finland. The investment of approximately €11.5 million aligns with the fund’s strategy to diversify within politically and economically stable markets. The car park is part of a cutting-edge urban development project and represents a significant addition to the fund’s strategic growth. Completed in 2021 as part of the ‘Asemakeskus’ urban development project, the underground car park is located in Tampereen Kansi, a district that benefits from strong demographic and economic growth. Tampere, Finland’s third-largest city, is a hub of scientific and economic activity and the country’s most sought-after place to live, with a steadily increasing population. The car park, operated by AIMO Park, offers significant growth potential due to its prime location and proximity to a diverse target audience. AIMO Park, a leading mobility provider in the Nordic region, leverages over 50 years of expertise in car park management. The company integrates innovative mobility solutions, including car sharing and electric vehicle charging infrastructure, across more than 250 cities in Scandinavia. This positions the Nokia Arena car park as a forward-looking asset, bridging traditional parking services with modern urban mobility needs. Daniel Wolf, Managing Director of AIF Management GmbH, highlighted the importance of this acquisition: “This transaction posed unique challenges that we successfully addressed through collaboration with our team and partners. By acquiring this prime property in a central urban location, we not only enhance our Parkhausfonds Europe portfolio but also establish a foothold in a promising new market.” The transaction was facilitated by Tampereen Tornit KY, with legal advisory provided by DLA Piper, a leading commercial law firm in Scandinavia. Brokerage services were managed by OrangeIM. Wolf further emphasized the strategic importance of the investment: “The evolving landscape of urban mobility and the growing scarcity of parking in European cities underscore the value of this acquisition. It reinforces our position as a leader in parking property investments and aligns with our commitment to future-oriented, diversified real estate strategies.” The acquisition of the Nokia Arena car park reflects AIF Capital Group’s ongoing efforts to address the changing dynamics of urban mobility while delivering sustainable growth for its investors.