Dynamic growth in sales in France and other countries for first-half 2006: 840,000 parking spaces managed at end of June 2006 (+6%)
26 July 2006 - Acquisitions
VINCI Park, Europe’s number 1 parking operator and the world leader in car park concessions, continued its growth in France and elsewhere, both in traditional and new markets.
Number of parking spaces managed rises to 840,000 (+6%), including 347,000 under concession contracts
In France, where it already operates in 160 towns and cities, VINCI Park has established a market presence in three new towns since the beginning of the year: Cagnes sur Mer, La Ciotat and La Flotte en Ré. The number of new parking spaces managed in these towns totals more than 3,000, including 2,800 under concession contracts. In other towns where the company already operates, such as Marseilles, Lille, Boulogne-Billancourt, Nancy, Hyères, Périgueux, La Rochelle and Saint-Denis, new contracts added 3,300 parking spaces (including 970 owned and under concession).
Outside France, VINCI Park, which already operates in 11 countries, has gained a foothold in Romania by acquiring a local company, and strengthened its market positions elsewhere. Its Hong Kong subsidiary is undergoing strong growth and, over the last few months, has increased the number of parking spaces it operates by 30,000 to total more than 47,000. This was achieved by winning several major contracts with private property managers. In Canada, VINCI Park already has a presence in Quebec and continued to expand westwards with a contract for 1,600 parking spaces in Toronto. This latest contract came on the heels of several others won in previous months in the same city and in Ottawa.
Services strengthened in on-street parking and hospital car parks
An increasing number of local authorities in many European countries are now outsourcing parking enforcement to the private sector. VINCI Park had already won a contract in this growing market at the end of 2005, to manage 29,000 spaces in Madrid. It continues to strengthen its market positions in Spain, with 1,350 spaces in Errenteria, Belgium, with 2,200 spaces in Malines, and in the UK, with two major contracts covering a total of 22,600 spaces.
In France, VINCI Park is continuing to expand in the market for on-street parking equipment management. It won a major contract in Paris for an additional 23,000 spaces, and added 14,800 spaces in Limoges, Poissy and Sainte-Maxime.
VINCI Park is also growing in the hospital car park sector, where its know-how has earned it 32,400 spaces at 38 hospitals. In France, VINCI Park obtained the concession contracts for the car parks at the André Mignot hospital in Chesnay (745 spaces) and the Pierre Zobda Quitman hospital in Fort de France (600 places). Its UK subsidiary took the lease for a hospital car park with 1,400 spaces in north London and the Canadian subsidiary renewed a contract for 628 spaces through until 2011.
Taking into account all these new contracts, VINCI Park now operates over 840,000 parking spaces, of which 347,000 are under concession contracts, long-term leases or full ownership. The number of spaces managed by the Group has increased by over 6% since the start of 2006.
VINCI is a global player in concessions and contracting, employing more than 222,000 peoplein nearly 120 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities. VINCI’s goal is to create long-term value for its customers, shareholders, employees, and partners and for society at large.