Parkia is the leading pure off-street car park operator in Spain, with operations in Spain and Andorra.
EQT Infrastructure acquired Parkia in 2011 in a carve-out from listed construction and infrastructure company Acciona, representing EQT’s first investment in Spain.
- SectorTransport & Logistics
- Responsible AdvisorMatthias Fackler, Ulrich Köllensperger
- FundEQT Infrastructure I
In 2014, EQT Infrastructure and Spanish insurance company Mutua Madrileña merged their car park operators Parkia and MutuaPark.
By 2015, Parkia was the leading pure off-street car park operator in Spain with 58 car parks and the third largest off-street car park portfolio in terms of car park spaces (ca. 27,000). The company operated under long-term concession agreements with mainly municipalities and with an average remaining life of ~30 years.
Throughout its ownership, EQT Infrastructure supported management in implementing operational excellence across its car park portfolio, commercializing its product offering and pursuing a dedicated M&A strategy.
In 2016, EQT Infrastructure (66.8%) and Mutua Madrileña (33.2%) sold Parkia to First State Investments.