Parking operator Q-Park has redeemed the bridging loan used for the purchase of the Scandinavian parking company Carpark by issuing new shares, all of which have been taken up by existing shareholders. The share issue represents a value of 200 million Euros.
“As a result of the trust that our shareholders have in us, we were able to further realise our strategy. They confirm once again the trust in the company’s course and enable further organisational growth,” says Ward Vleugels, Chairman of Q-Park.
Scandinavia as a new growth market
“Our position in Europe has been strengthened further as a result of the takeover of Carpark, the Scandinavian market leader active in Sweden, Norway, Finland and Denmark. As a result of this takeover, we have increased our number of parking spaces from 285.000 to more than 525.000. “The market in the Northern European countries is experiencing stable growth. The parking rates are at European levels and the expectations for this market are positive. In addition, the parking culture of the Northern European countries matches well with that of Q-Park. Quality aspects in our concept, such as customer-friendliness and service, can also be found there. “A logical ‘match’ therefore that fits within our strategy for the future. The share issue enables us to further develop our European strategy and to offer our quality concept in parking to our new customers in Northern Europe.”
Facts about Q-Park
Q-Park focuses on long-term positions in large European cities, at airports, train stations and hospitals. Q-Park owns, manages, operates car parks or a mix thereof, and is one of the top two players within the European parking sector. For the past few years, the interests in Europe have rapidly expanded with strong market positions in the Netherlands, Belgium, France, Germany, the United Kingdom, Ireland and Scandinavia. The company has 2.320 employees and 525.000 parking spaces, and is active in 10 European countries.
Shareholders of Q-Park
ING Vastgoed Fondsbelegging BV, ING Vastgoed Ontwikkeling BV, Stichting Pensioenfonds ABP, TKP Pensioen, Delta Lloyd, Rupa BV, Reaal Levensverzekeringen, Stichting Bedrijfstak Pensioenfonds voor de Detailhandel, Stichting Pensioenfonds Wonen, Stichting BPF voor het Levensmiddelenbedrijf, Stichting Bedrijfspensioenfonds voor de Landbouw, Rabobank Pensioenfonds, NV Interpolis BTL, Stichting Pensioenfonds ING, Doctors Pension Funds Services B.V., PGGM and DELA.
For more information, please contact:
Mr E.J.M. Vleugels
chairman of the board
Telephone: + 31 (0)43 329 71 71