EQT Infrastructure acquired Parkia in 2011 in a carve-out from listed construction and infrastructure company Acciona, representing EQT’s first investment in Spain.
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.