GREYKITE European Real Estate Fund I has signed agreements to acquire a controlling stake in TP Network, an industrial outdoor storage (IOS) platform operating Safe and Secure Truck Parking Areas (SSTPAs) across Europe’s primary intersections.
Developed in 2022 by Padrosa Group and TIIC, who will remain shareholders via the Edmond de Rothschild Private Equity (EdRPE) Infrastructure strategy, TP Network will now be further scaled with the entry of GREYKITE alongside new partner JV20. The TP Network platform operates under the NECTION brand.
The initial portfolio comprises seven strategically located SSTPAs, including two operational sites and five in permitting or development, totaling more than 1,700 parking bays across mainly Spain, France, Italy and the Netherlands. Complemented by an 11-asset development pipeline in Germany, France, Austria and Italy, including five advanced-stage projects, TP Network is positioned for significant growth, targeting approximately
