Munich Re investe in parking buildings in USA

MEAG has acquired a share of Interpark, one of the largest private operators of parking buildings and lots in the U.S.A., forMunich Re

Interpark owns more than 57 parking buildings and ground-level parking lots, together providing in excess of 49,000 parking spaces. These are situated at geographically diverse and central locations in the U.S.A., such as in business districts, inner cities and airports, for instance in Atlanta, Baltimore, Boston, Chicago, Houston, Minneapolis, Philadelphia, Phoenix, San Francisco and Washington, D.C.

“With this investment in parking buildings and parking lots, we are further diversifying our assets that generate sustainable earnings to cover Munich Re’s payment obligations in its core business. The U.S. market is a focus of our investment activities, reflecting Munich Re’s strong insurance business there. As a division of Munich Re, we dispose over the extensive know-how of a global investment enterprise, with which we can generate value at various levels of our investment process,” says MEAG Managing Director Holger Kerzel.

Source: Company