PATRIZIA-Mitsui JV Invests $250M in Philippine Parking Startup Parkwise
PATRIZIA, in partnership with Mitsui through their joint venture fund management firm, has announced a significant investment of up to $250 million in Philippine-based parking startup Parkwise Inc. The investment is being made through the APAC Sustainable Infrastructure Fund (A-SIF) to support the expansion of modern parking solutions in the country. According to a statement from PATRIZIA, A-SIF will deploy funds and co-investments to back Parkwise’s development pipeline.
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