How did Cofinimmo increase its revenues thanks to the valuation of its parking lots?

Founded in 1983, Cofinimmo is today the largest listed property company in Belgium and a member of the BEL 20. The company benefits from the RREC (Regulated Real Estate Companies) regime in Belgium. Cofinimmo owns and manages nearly 2 million m² of property, spread over Belgium, France, the Netherlands and Germany.

The company seeks to offer a high dividend yield and capital protection over the long term.

• What is the goal of this partnership? 
• What is the solution provided by BePark? 
• Results 

What is the goal of this partnership?

As the largest listed property company in Belgium, Cofinimmo manages an enormous amount of square meters.

For years in a row, the company has trusted BePark to help it achieve the following goals on the several parking lots entrusted to Bepark's care.

• Getting more revenue on the parking lots.
• Increasing occupancy rate of the parking lots.
• Avoiding potential costs caused by underused parking spaces.

What is the solution provided by BePark?

To help Cofinimmo achieve these goals, BePark installed its access technology in the parking lots and started managing and commercializing the parking spaces through several channels:

• The website: www.bepark.eu
• tons of other marketing channels, such as real estate websites, google ads, flyers etc.
• BePark's grand network

The evolution of these parking lots was followed closely by BePark's sales and operation teams. Quite quickly, a positive result has been demonstrated.

Results

The initial goals have been exceeded in many ways and the commercial partnership has been going on for years.

What better proof of a successful collaboration than a long lasting and growing partnership? Today, BePark aims to take even more assets under management and keep helping Cofinimmo on all aspects of its parking management challenges.

Some of the results for the past 3 years:

• 223,000€+
  Net revenue generated
• 86.37%
  Average occupancy rate