aA
City Parking Group, a parking lot operator owned by Lithuania's Parkdema, is expanding its business in Poland and will start providing parking services in Poland's third-largest city of Lodz, Parkdema said.
Lithuanian parking lot operator expands operations in Poland
© DELFI / Karolina Pansevič

"The contract with Lodz, a city with 700,000 residents, is the result of City Parking Group's purposeful work. We continue implementing our strategy of active expansion in Poland and will have more news from this country soon," Parkdeam director Vaidas Mickus said in the statement.

Under the contact with the Lodze authorities, City Parking Group will operate some 4,424 parking spaces in the city by 2022, and the company has already invested into part of them almost 1 million euros.

The company's representatives told BNS Lithuania it won a tender in Lodz and invested into parking spaces it already owned before the contract was signed.

Parkdema owns Unipark in Lithuania and Latvia, Citypark in Estonia and City Parking Group in Poland. The latter's revenue stood at 12.55 million euros last year and it gad a workforce of almost 300 people.

Parkdema is owned by the Lords LB Asset Management fund, Energy and Infrastructure SME Fund and Modus Group.

BNS
It is prohibited to copy and republish the text of this publication without a written permission from UAB „BNS“.

Some 200 new points of sale of illegal tobacco emerged

204 new points of sale of illegal tobacco emerged in Lithuania, with their number going up by a...

Tourism: Lithuania had biggest growth of nights spent in EU

In 2019, the number of nights spent in tourist accommodation in the European Union (EU) is expected...

No contamination found in Curonian Lagoon fish

Tests have found no contamination in fish from the Curonian Lagoon despite the release of untreated...

Debates started to get a grip on environmental polluters

The of Lithuanian Seimas during its extraordinary session on Thursday started deliberating a package...

Lithuanian scientists create new breakthrough technology

Panevėžys Mechatronics Center (PMC) announced about the creation of a new breakthrough technology...

Top news

Skvernelis urges to refrain from attempts to reinterpret WWII consequences

Lithuanian Prime Minister Saulius Skvernelis has urged to refrain from attempts to reinterpret the...

Number of barred people up as immigration grows

The number of people barred to enter Lithuania rose last year, and the country's State Border Guard...

Some 200 new points of sale of illegal tobacco emerged

204 new points of sale of illegal tobacco emerged in Lithuania, with their number going up by a...

Savickas nominated for economy minister

Lithuanian Prime Minister Saulius Skvernelis on Friday submitted the candidature of his adviser Lukas...

No contamination found in Curonian Lagoon fish

Tests have found no contamination in fish from the Curonian Lagoon despite the release of untreated...