VINCI Park continues expansion in the United States 18 March 2008

Rueil-Malmaison, den 18 march 2008 Press release VINCI Park continues expansion in the United States   Three months after acquiring a 50% interest in LAZ Parking (operator of 225,000 car park spaces in 77 towns), VINCI Park is continuing to expand in the United States by starting up operations in the south and west of […]

Rueil-Malmaison, den 18 march 2008

Press release

VINCI Park continues expansion in the United States

 

Three months after acquiring a 50% interest in LAZ Parking (operator of 225,000 car park spaces in 77 towns), VINCI Park is continuing to expand in the United States by starting up operations in the south and west of the country.

The two latest developments, carried out through LAZ Parking, were:

– The acquisition of Sunset Parking Services, which was founded in San Diego, California. Operating in Orange County, Los Angeles and San Diego since 1981, the company manages almost 11,700 spaces in 140 car parks. It has 500 employees and generated revenue of $18.5 million in 2007.

With recognised expertise in the management of hotel car parks and valet parking, Sunset Parking gives VINCI an interesting foothold in an area where the concentration of private cars per inhabitant is the highest in the country.

– The acquisition of a series of commercial leases and management contracts covering 15 car park facilities and about 80 off-street car parks, representing a total of over 15,000 spaces in Texas and New Mexico, mainly in Dallas, Austin, Houston and San Antonio.

VINCI Park, Europe’s leading car park operator and one of the biggest worldwide, currently manages 1.1 million car park spaces in Europe and North America.

 

Press relations: Vanessa Lattès
Tél. : +33 1 47 16 31 82
Fax : +33 1 47 16 33 88
E-Mail: vanessa.lattes@vinci.com