VINCI Park becomes fourth-biggest parking operator in the United States 9 February 2010

Rueil-Malmaison, 9 February 2010 Press release VINCI Park becomes fourth-biggest parking operator in the United States VINCI Park, via its American subsidiary LAZ Parking, has just acquired 89 parking contracts from the company InterPark. This transaction makes VINCI Park one of the four biggest parking operators in the United States, generating annual revenue for managed […]

Rueil-Malmaison, 9 February 2010

Press release

VINCI Park becomes fourth-biggest parking operator
in the United States

VINCI Park, via its American subsidiary LAZ Parking, has just acquired 89 parking contracts from the company InterPark.

This transaction makes VINCI Park one of the four biggest parking operators in the United States, generating annual revenue for managed activities of approximately 500 million US dollars.

The InterPark contracts cover a total of approximately 30,500 parking spaces, operated within the framework of long-term leases or in the form of provision-of-services contracts. They concern sites located in several large cities in the east of the US, including Philadelphia, Washington, D.C. and Atlanta.

50%-owned by VINCI Park since 2007, LAZ Parking today manages some 1,300 parking facilities across the US, in 99 towns and cities in 21 states, and employs 6,000 people. It has been growing steadily over the last three years, with the number of parking spaces under its management increasing from 225,000 to 435,000.

VINCI Park, the European leader in parking and one of the main players in the sector worldwide, today manages 1,280,000 parking spaces and more than 2,400 parking facilities in 12 European countries and North America.

 

Press contact: Vanessa Lattès
Tel.: 01 47 16 31 82
Email: vanessa.lattes@vinci.com