The requested case study does not exist. Please return to Case studies
JLL provided valuation service for the first car park fund in China. The USD 265 million fund is a partnership among CR Capital, a Dutch pension fund, APG, Macquarie Capital and Wilson Parking Hong Kong. It is the first innovative fund that has tapped into the car park market in China, which is a promising subsector.
Unique nature of the property and lack of benchmarks regarding the property type make valuation a challenge. With critical analysis and detailed research, JLL developed a sophisticated valuation model tailor-made for the fund, providing innovative and value-add valuation services, which brought high level of satisfaction and recognition. Since the fund's inception, JLL has been its retained sole valuer.
The valuations involved a portfolio of car park properties in various development stages, including completed and operating car parks as well as construction-in-process property and development land. The fund aims to be the largest car park-centered investment vehicle in China by acquiring car park assets both in development and in operation. This was again a testimonial of us being the market leader in the valuation services in China.