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% |
-
Important notes
-
AMP Capital Investors (UK) Limited is authorised and regulated by the UK Financial Conduct Authority. Registered Office at Companies House, 6th Floor Berkeley Square House, Berkeley Square, London W1J 6BZ (no. 05524536). While every care has been taken in the preparation of this information contained in this website, neither AMP Capital Investors (UK) Limited nor any member of the AMP Capital and AMP Groups make any representation or warranty as to the accuracy or completeness of any statement in it including without limitation, any forecasts. This content has been prepared for the purpose of providing general information only, without taking account of any particular investor’s objectives, financial situation or needs. Investors should, before making any investment decisions, consider the appropriateness of the information on this website, and seek professional advice, having regard to their objectives, financial situation and needs. All information on this website is subject to change without notice.