I. Challenges

As the largest publicly traded real estate company in Belgium, Cofinimmo manages a multitude of properties. For years, the company has relied on BePark to help achieve the following objectives across several parking lots entrusted to BePark:
- Increase parking revenues
- Increase the occupancy rate of the parking lots
- Avoid potential costs caused by underutilized parking spaces

II. Solution

Value: Increase in Parking Revenue

To help Cofinimmo achieve these objectives, BePark installed its access technology in the parking lots and began managing and marketing the parking spaces through several channels:
- The website: www.bepark.eu
- Many other marketing channels, such as real estate websites, Google ads, flyers, etc.
- BePark's extensive network

The progress of these parking lots was closely monitored by BePark's commercial and operational teams. A positive result appeared fairly quickly.

III. Results

The initial objectives were exceeded, and the business partnership has existed for years. What better proof of a successful collaboration than a lasting and growing partnership? Today, BePark aims to take even more assets under management and continue helping Cofinimmo meet all the challenges related to managing its parking lots.

Some results over the past three years:
+86.37% increase in average occupancy rate
+€233,000 net revenue generated

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