Development

With respect to Saba’s growth strategy, it is necessary to highlight that the main business base is regulated by concession contracts, with a limited life. In this regard, the average term of Saba’s contracts is currently 21 years, thereby guaranteeing the company’s future, but with the intention to continue working to include new contracts and increase this average. The key is, therefore, to work in the short term but without forgetting the long term, endeavouring to renew the concessions and obtain new operations, be they concessions or any other type of arrangement. Saba considers that the mature car parks contribute the base to finance new investments in assets, which will take longer to generate returns, thereby completing a virtuous circle.

In the same way, economies of scale and a greater dimension in the car park sector favours a more competitive position, a greater response capacity faced with new commercial needs and improved efficiency in the management of operations and in technology investments.

In 2021, Saba has continued to conclude operations in most of the countries in which it is present, both through the acquisition of car parks and in the awarding of concession or management contracts, as well as renewals.

In Spain, noteworthy in Madrid was the car park concession contract at the Hospital General Universitario Gregorio Marañón (897 spaces) and lease arrangements in Valencia, at the Cardenal Benlloch car park (275 spaces). Likewise, already in 2022, Saba won the bid from the Seville Port Authority to operate the Muelle Delicias car park (270 spaces) and concluded an agreement to refurbish and improve the Plaça d’Europa car park in Platja d’Aro (Girona), a project in which the company will invest 1.8 million euros.

In this same regard, in Italy, the company intends to open a new station shortly in Genoa, once the construction and adaptation of the facilities have been completed. The future Saba Hospital Genova Benzi car park will have 422 spaces distributed into five underground floors. In the city of Trieste, the company was awarded the car park concession for the Cattinara hospital, with 470 spaces.

In Portugal, Saba completed different operations, including the Arena Expo car park lease arrangement (397 spaces) at the Lisbon exhibition fair and the “Torres Galp” car park lease arrangement (135 spaces), also in the Portuguese capital. In Porto, the Garagem Sa da Bandeira (112 spaces) lease arrangement was signed, together with the renewal to operate the de Ribeira car park, (318 spaces), as well as the lease of the Perpetuo Socorro car park (71 spaces).

In Chile, Saba was awarded the Bupa clinic car park management agreement (1,136 spaces), in Santiago de Chile, one of the largest hospitals in the country. Likewise, the company concluded the management agreement for the operation of the Parque Arauco car park (8,477 spaces), a complex of five shopping centres. It also managed to formalise the renewal of the management agreement on the Arturo Merino Benítez airport car park (7,743 spaces) in the capital of the country.

IIn the United Kingdom, Saba won the contract to operate the car parks from Bedfordshire Hospital, while in Germany the contract was awarded for the lease arrangement on the City Galerie shopping centre car park (1,611 spaces), in Aschaffenburg, and the lease arrangement on the Bergedorf shopping centre car park (660 spaces), Hamburg and the management of the TG Ratsbauhof car park (530 spaces), in the city of Hildesheim.

In the Czech Republic, the company renewed the contract to manage Hospital Vinohradska (425 spaces) in Prague, the capital of the country.