Overview
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
| Description | Largest underground downtown parking system in the U.S. |
| Geography | Chicago, United States |
| Investment date | May 2016 |
| AMP Capital Stake | 50% |
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Important notes
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