Q-Park ready for an expansion ride

Q-Park, based in Leeds, is part of the Dutch Q-Park Group which owns, operates and manages parking facilities across 10 European countries, including the UK, Netherlands, Germany, Belgium, France and Norway.

It is hoped that the refinancing deal will help the group realise its long-term international investment plans.

The credit facility was provided by an international bank syndicate of 11 European banks.

Leeds-based law firm DWF acted on behalf of Q-Park in completing the English aspects of the transaction.

Adam Bidder, managing director of Q-Park in the UK, said: “This package will help encourage a sustained period of growth, allowing us to improve customer care even further. By refinancing we can concentrate our efforts on generating momentum for domestic and international expansion.”