Millenium Garages


Long-term concession agreement provides concessionaire the right to operate system for 99 years, of which 89 years remain
Zoning restrictions limit the entry of competing garages
Strategic location with proximity to major office buildings, retail activity, and cultural & recreational attractions in East Loop area of Chicago
Backed by the largest parking operator in the U.S., Chicago-based SP+, to drive revenue and cost outperformance
Attractive cash yield with strong operating margins and potential upside through active asset management

Location information

location_on 578 N Fairbanks Ct, Chicago, IL 60611, USA

DescriptionLargest underground downtown parking system in the U.S.
GeographyChicago, United States
Investment dateMay 2016
AMP Capital Stake50%

Important notes

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