GaragePark B.V., a developer and operator of innovative multifunctional storage and workspace solutions headquartered in Blaricum (NL), has entered into a partnership with TINC, the infrastructure investor listed on Euronext Brussels. GaragePark has been active for 15 years and has by now more than 50 parks in the Netherlands with approximately 5.000 individual garage boxes completed and in development. The garage boxes are considered an ideal place for small and medium-sized businesses to safely store business equipment or to carry out some work. With its commitment to proximity, 24/7 accessibility, security and low-maintenance spaces that are energetically self-sufficient through solar power, the GaragePark concept is distinctive from neighborhood garages, small business premises and conventional storage. For more information please visit: https://garagepark.nl/
Rick Venema, founder and director of GaragePark:
“The GaragePark concept is a tailor-made solution for small businesses such as plasterers, painters and plumbers, but also for web shops, event agencies, city logistics and, in general, for all entrepreneurs in small and mediumsized businesses (SMEs) who want to store their stock, tools and equipment securely and have 24/7 access. On the outside it’s a garage, but on the inside it’s a business space.”
Together with the shareholders of GaragePark – founder Rick Venema and H2 Equity Partners – TINC provides funding for the further rollout of the concept and the commercial operation of future realisations. For TINC, this represents a commitment of € 25 million that will be effectively invested in the period 2022-2025 in function of the realisation of new facilities by GaragePark. This investment fits with TINC’s ambition to be an active investor in new, distinctive and support real estate segments.
Gert Jan van der Hoeven, Managing Partner at H2 Equity Partners:
“GaragePark offers a very attractive and differentiating value proposition of large self-storage boxes to SMEs, in a rapidly growing market. We are impressed by the expertise of Rick Venema and his team at GaragePark. Together with our financial partners we look forward to supporting Rick and GaragePark’s ongoing growth, and to become one of the larger developers/operators of self-storage solutions in Western Europe.”
TINC is a listed investment company that seeks to create sustainable value by investing in the infrastructure for the world of tomorrow. TINC participates in companies that are active in the realization and operation of infrastructure and holds a diversified portfolio of participations in focus areas such as public infrastructure, energy infrastructure, digital infrastructure and support real estate in Belgium, the Netherlands and Ireland.
About H2 Equity Partners
H2 Equity Partners, founded in 1991, is an independent investment firm. H2 focuses on medium sized companies that are uniquely positioned and provide significant growth potential. H2 offers these businesses a combination of capital and active support to realize untapped potential. H2 has a robust, multi-sector track record in building stronger companies, with a sustainable competitive advantage and profitable growth. The investment by H2’s Amsterdam team are funded through its most recent fund, which was launched in July 2019.