By most accounts, the 2016 presidential election campaign was bitter, unconventional, attack-laden and thoroughly devoid of policy debates. Yet, many will agree one of the major areas of policy discussed, and which has been carried on after Donald Trump won the election, has been the issue of infrastructure investment.

It’s tempting at the beginning of a new year to look out on the horizon and try to imagine how the next 12 months will unfold, and in more mundane times that exercise can seem easier than it really is. But 2017 looks to be anything but mundane; therefore, any forecast for infrastructure investing in 2017 should be taken with a few more grains of salt than normal.

Munich-based investment manager Catella Real Estate has expanded its investment portfolio with the launch of Catella Parken Europa, an open-end real estate special AIF targeting parking investments. The fund has an equity fundraising target of €200 million ($214 million) and will invest in parking garages in selected target markets across Europe.