Holiday Extras has acquired BCP and will manage Q-Park’s off airport car parks at Heathrow, Manchester, Gatwick, Newcastle and Glasgow.
The value of the deal was not disclosed.
The arrangement allows Q-Park to focus on real estate and pursue its core markets of city centre, railway and health care parking, while Holiday Extras will build scale in one of its core markets, airport parking, according to a joint statement.
Ward Vleugels, chairman of the executive board of Q-Park, and Stephen Lawrence, CEO of Holiday Extras, said the sale was “compelling for both businesses because they could both focus on their strengths”.
by Phil Davies
