Companies

Parcs GTM

Created in 1963

Building a parking lot in front of the invalides

In the early 1960s, Paris was the first French city to be confronted with exponential growth in automobile traffic and an acute shortage of parking spaces The Paris authorities decided to promote the construction of underground parking lots through concession contracts. In 1963, GTM won the first tender to build and operate a parking lot beneath the Invalides esplanade. This was the beginning of Parcs GTM. The following year, the group won a new contract to build a lot under avenue George V.
Until 1970, the market was limited to Paris, but in the 1970s, several new parking concessions were created in the provinces, in cities like Toulon and Nancy. In the 1980s, under the impetus of Pierre Léon-Dufour, Parcs GTM won new concessions in Paris, before branching out into international markets. VINCI's merger with GTM paved the way for the merger of Parcs GTM with Sogeparc, the other historical player. Vinci Park, the world leader in parking lots managed under concession, was created in 2001.