BUSINESS LINES
Business lines designed to transform cities
OWNED CAR PARKS
Full ownership of car parks (freehold) grants iPark all legal rights over the asset, with no expiration date. By having complete ownership, iPark can apply active yield management policies without restrictions, making these assets unique within any company.
In general, these are the highest-quality assets, both legally and financially, and one of iPark’s main goals is to continue increasing its portfolio of this type of property.
In general, these are the highest-quality assets, both legally and financially, and one of iPark’s main goals is to continue increasing its portfolio of this type of property.
ADMINISTRATIVE CONCESSIONS
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These are temporary rights granted to iPark by a public administration (such as a city council, for example) allowing it to use, manage, and operate a car park for a specific period, never exceeding 75 years, while the property remains public. Typically, iPark assumes the initial construction investment and/or pays an annual fee during the concession period. Within these car parks, we distinguish two types:
- Off-street or structured car parks: which may be located in city centers, administrative areas, commercial districts, hospitals, and more.
- On-street or public road parking: commonly known as regulated parking zones (ORA or SER).
HOSPITALS, HOTELS, SHOPPING CENTERS
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In addition to the above, there are leasehold agreements, which are similar to owned car parks but subject to restrictions, either temporal, due to the duration of the lease (usually between 10 and 20 years), or related to investment limitations in construction or refurbishment (typically resolved through the owner’s authorization).
On the other hand, there are management contracts for third parties, where iPark uses its know-how to help and improve the operations of parking owners who, in exchange for a recurring pre-agreed payment, expect the quality and service of an experienced operator like iPark.
On the other hand, there are management contracts for third parties, where iPark uses its know-how to help and improve the operations of parking owners who, in exchange for a recurring pre-agreed payment, expect the quality and service of an experienced operator like iPark.
MOBILITY SOLUTIONS
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As an Iberian company focused on mobility, iPark is fully aware of the current challenges and needs of its customers and users. For this reason, it has strengthened its internal systems and technology department to deliver innovative mobility solutions.
- Mobility Platform: iPark has developed its own mobility platform, a software system that connects all actors involved in parking management , including access and control systems in car parks, parking meters in regulated zones, online booking platforms, and mobile payment apps.
- Mobile Payment App: In line with the latest industry trends, at iPark we believe it is essential to offer our customers the most advanced tools and technologies. That is why iParkCity , a proprietary solution developed and fully owned by iPark, enables payment in both parking facilities and ORA (regulated on-street parking) zones.
- Regulated Parking Enforcement Software: Developed for internal use in iPark’s own ORA contracts and to serve third parties, such as municipalities or public companies that directly manage on-street parking, it stands as one of the best solutions available in the sector.
