In the midst of the pandemic, Saba has managed to perform operations in most countries where it is present, thereby maintaining its drive for growth.
The most outstanding transaction was the acquisition of the “Gran Bulevar” car park in Oviedo, the first to be managed by the company in Asturias. The infrastructure has over 1,000 spaces, 600 destined for short stays, within the most innovative residential and leisure complex in the Spanish Principality. Saba has also taken over operation of the Castellana 62 car park in Madrid. With three underground floors and 116 spaces, it is part of an apartment and office complex in a central area of the capital.
Saba completed two transactions in the country in 2020. On the one hand, it has finalised a lease for the Picoas Plaza car park in Lisbon for a term of 30 years. This is an underground car park with 600 spaces , located in a set of buildings coexisting with apartments, offices, services and a shopping centre. It was also awarded the operation of the Garagem Comercio car park in Porto, which has over 100 spaces. This is a historic building and classified as emblematic, housing offices in addition to the car park itself.
The most important contract is for management of the car park at the Clínica Alemana, one of the most renowned hospital centres in the country, which has two sites with underground parking, with over 2,600 spaces.
The company plans to open a new car park in Genoa during the first quarter of 2022, after the construction and adaptation of the facilities have been completed. The future Saba Genova Benzi car park will have 420 spaces spread over five underground floors. The work continued at a good pace in 2020, despite the temporary suspension of construction work due to the Coronavirus crisis.
The most outstanding operation is the 5-year management contract, with a possible extension of up to 3 years, for Buckinghamshire Healthcare NHS Trust hospitals’ car parks. This includes seven hospitals located to the west and north-west of London, with a total of 2,900 spaces.
Saba and Siemens have entered into a contract with Vivantes, Germany’s largest municipal hospital operator, to operate the car parks of eight hospitals in Berlin, with over 1,200 spaces. This is Saba’s first operation in the country’s capital and opens the door to consolidating the partnership with Siemens in other cities to opt for comprehensive management of Vivantes’ car parks. Saba has also been awarded a new four-year management contract in the town of Hamm. This is an underground car park with 355 spaces in the town centre.
Slovakia and the Czech Republic
Saba has acquired 100% of the shares in Clickpark Holdings, one of the most significant operators in the parking sector, present in 54 locations in the Czech Republic and 8 more in Slovakia, with contracts having an average term of 7 years. Saba has also finalised the lease for a surface car park in Slovakia’s capital Bratislava.