Parkd

What Parkd does

PARKD Ltd is an Australian construction technology company that has developed and commercialises the PARKD Car Park System, a patented modular, prefabricated concrete structural solution for multi-storey parking facilities. Founded in October 2016 and listed on the ASX (PKD) in December 2017 following a AUD 6M IPO, the company designs parking structures using only three primary prefabricated elements that are manufactured off-site, transported to project sites, and assembled using cranes with non-fixed connections. The system supports configurations up to six storeys high with primary beams spanning up to 17 metres, and offers deconstructability, relocation, expansion, and reuse capabilities unavailable in traditional concrete construction. PARKD claims 35% cost savings and construction timelines roughly half those of conventional builds (a multi-level car park reportedly completed in four to six weeks).

The company serves automotive dealerships, property developers, healthcare operators, and government clients primarily across Western Australia, with additional activity in New South Wales and Victoria. Revenue is generated through turn-key design and construction contracts, design-and-supply arrangements with head contractors, and short-term installation/leasing arrangements, with disclosed project values ranging from AUD 690,000 for small two-level structures to AUD 9 million for larger multi-storey developments. Named customers include City Subaru Perth, Bayswater Mazda (AUD 2M contract), John Hughes Group, Vector Management (AUD 9M proposed), Coxon (AUD 8.2M Heads of Agreement for the Kewdale Development), and St John Of God Hospital. The PARKD Construction subsidiary, established in 2021, provides internal contracting capability, while strategic R&D partnerships with the University of South Australia and co-development MoU with Reinforced Earth Pty Ltd support continued technology development.

PARKD operates with a small team (1-10 employees) from Osborne Park, Perth, and has received multiple industry awards including Parking Australia's Most Outstanding Car Park Development (2019), Outstanding Sustainable Car Park (2023), and the Concrete Institute of Australia's State Technology and Innovation Award (2019). Distribution is entirely domestic Australian through direct enterprise sales supplemented by partnerships with construction firms and engineering consultancies (Whitehaus Architects, Peritas Group Engineers). No international footprint, recurring software revenue stream, or AI/ML capability is evidenced in the source material.

Name

Parkd

Legal name

PARKD Ltd

Website

https://parkdgroup.com

Company type

Public

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

PARKD Ltd is an ASX-listed Australian construction technology company that designs and delivers modular, prefabricated concrete car park structures for automotive dealerships, property developers, healthcare operators, and government clients across Australia, using a patented three-element system that enables rapid assembly, relocation, and reuse.

Ownership category

akta.pro rank

Product category

Prefabricated Modular Parking Structures

NAICS

Nonresidential Building Construction (2362), Commercial and Institutional Building Construction (236220)

SIC

Concrete Products, Except Block & Brick (3272)

akta.pro primary industry

Parking Structures & Garages Construction (IMAFACAK)

Keywords

• Modular parking systems
• Prefabricated construction
• Concrete car parks
• Parking infrastructure
• Relocatable buildings

Headquarters

HQ city

Perth

HQ country

Australia

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Design and Construction Contracts: Full turn-key design and construction services for car parking structures from concept to handover. Contracts range from small-scale projects ($690,000) to multi-million dollar developments ($9 million+).
2. Design and Supply Services: Design and supply of the PARKD system in partnership with head contractors or builders, where PARKD provides the structural system design and prefabricated components.
3. Short-term Installations/Leasing: Bespoke commercial terms for short-term installations of the modular system, offering flexible parking solutions for temporary needs.
4. Sale of Installed Structures: Sale of completed relocatable car park structures to clients who exercised purchase options, providing cash injection from previously leased installations.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

PARKD Ltd designs, manufactures, and assembles modular, prefabricated concrete car park structures using its patented three-element structural system. The company delivers turnkey design-and-construction services for multi-storey car parks (up to six storeys, primary beams spanning up to 17m) and offers the unique option to deconstruct, expand, or relocate the structures. Customers are automotive dealerships, property developers, commercial businesses, and government entities in Australia.

Product overview

PARKD Ltd is an Australian construction technology company offering a single unified product system—the PARKD Car Park System—complemented by design, construction, and project management services. The core PARKD Car Park System is a modular, prefabricated concrete structural solution for multi-storey car parks consisting of three primary elements that are prefabricated off-site and assembled on-location using cranes. The company provides turnkey design and construction services for parking structures through its contracting entity PARKD Construction, offering flexible delivery methods including develop-design-construct, design-and-supply, and assembly-only arrangements. The system supports configurations up to six storeys high with primary beams spanning up to 17 metres, and offers unique relocatability and reusability benefits not available with traditional concrete car park construction.

Differentiator

Problem solved

Functional benefit

Brands

• PARKD Car Park System: Innovative modular, multi-storey prefabricated concrete car park structure with three primary elements designed for faster build times and reduced costs.

Products and services

• PARKD Car Park System A modular, prefabricated concrete car park structural system consisting of three primary elements pre-fabricated off-site and assembled on-site using cranes and non-fixed connections. Supports flexible load and span configurations, up to six storeys, and 17m beam spans; structures can be deconstructed, relocated, expanded, or reused. Designed for automotive dealerships, property developers, commercial businesses, and government clients.
• Turnkey Design and Construction Services Full-service offering covering car park projects from concept to handover, including layout and arrangement advice for greenfield and brownfield sites. Multiple delivery methods offered: develop-design-construct, conforming design and construction, design and assembly in partnership with head contractors, and design-and-supply arrangements. Provided to automotive dealerships, property developers, commercial businesses, and government clients in Australia.
• PARKD Prefabricated Concrete Components Lightweight concrete components (columns, beams, and panels) that are prefabricated off-site, transported to location, positioned using cranes, and connected using non-fixed connections. Form the core structural elements of the PARKD Car Park System, minimising material expense and construction time. Co-developed with Reinforced Earth Pty Ltd.
• PARKD Construction (contracting entity) A contracting entity established by PARKD Ltd to deliver turn-key solutions for car park projects from concept to completion. Enables end-to-end project delivery under the PARKD brand, including assembly and on-site installation of the modular car park system.

Quantifiable outcome

• 35% cost reduction compared to traditional concrete car park construction
• +3 more outcomes

Named customers6 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered core, major and minor.

• PARKD ConstructioncoreOthers · 1 October 2021Registered construction subsidiary entity established to deliver turn-key solutions for clients. PARKD Construction was engaged for the John Hughes project delivery.
• CoxonmajorStrategic or Co-development Partner · 1 September 2021Heads of Agreement signed for $8.2M staged Kewdale Development project, representing a significant commercial partnership for PARKD.
• UniSA (University of South Australia)coreStrategic or Co-development Partner · 1 August 2021MoU signed for research and development partnership focused on advancing PARKD's modular construction technology and methodologies.
• AxiomcoreStrategic or Co-development Partner · 1 August 2021Strategic partnership announced in August 2021 to support PARKD's growth and expansion initiatives.
• Reinforced Earth Pty Ltd (REPL)coreStrategic or Co-development Partner · 1 April 2019Non-binding MoU for co-development and improvement of PARKD's Transportable Concrete Panels. The partnership aims to refine and improve a critical concrete panel component of the company's lightweight modular car parking systems through collaborative development efforts.
• Whitehaus ArchitectsminorImplementation/ SI/ Consulting PartnerArchitecture consultancy partner providing design services for PARKD projects, including award-winning car park developments.
• Peritas Group EngineersminorImplementation/ SI/ Consulting PartnerEngineering consultancy partner providing structural engineering services for PARKD projects, contributing to award recognition.
• Construction PartnerscoreImplementation/ SI/ Consulting PartnerPartnership with construction companies and head contractors for assembly and on-site installation of PARKD modular car park systems.

Scale indicators10 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Modulaire Group: European leader in modular space leasing and prefabricated buildings, serving infrastructure, commercial and public-sector clients with relocatable structures; comparable as a broader modular-construction incumbent with overlapping relocatable-construction thesis.
• ATCO Structures & Logistics: Global modular construction and site-services company offering prefabricated buildings across workforce housing, education and commercial; comparable as a larger modular-construction incumbent addressing similar rapid-deployment use cases as PARKD's relocatable car park system.
• Boral Limited: Large ASX-listed Australian construction materials and building products company supplying concrete, asphalt and masonry used in traditional car park construction; relevant incumbent on the materials and broader construction side that PARKD's modular system competes against.

Emerging players

• CIMC Holdings (CIMC Vehicles): Diversified Chinese industrial group with growing exposure to modular construction and prefabricated building systems; comparable thematically as an emerging global prefab player that could expand into markets served by PARKD's relocatable car park system.

Direct peers

• Fleetwood Australia: ASX-listed Australian modular building solutions provider serving education, commercial and infrastructure markets with prefabricated construction methods, directly comparable as a domestic peer using off-site prefabrication to deliver buildings faster than traditional construction.
• CIMC Modular Building Systems: Subsidiary of CIMC offering steel-structure modular buildings for hotels, apartments and commercial use globally; comparable as a high-volume modular construction peer using prefabricated off-site methods to deliver multi-storey buildings faster than conventional construction.
• Ausco Modular: Australian modular building hire and sale company delivering prefabricated commercial, educational and site facilities; comparable as a domestic modular construction peer with overlapping customer base and prefabricated delivery model.
• Hickory Group: Australian construction technology and prefabrication company with a dedicated modular building systems division delivering multi-storey residential and commercial projects using off-site manufacturing, overlapping with PARKD on prefab methodology and Australian mid-rise construction.

Regional players

• Wernick Group: UK-based modular building manufacturer and supplier of permanent and relocatable prefab structures across commercial and public sectors; comparable product and business model to PARKD's relocatable prefabricated structures, though operating primarily in the UK market.
• Portakabin: European modular building specialist delivering relocatable and permanent prefabricated buildings for commercial, education and healthcare; comparable on modular construction methodology and relocatable structures, though geographically focused on Europe.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/parkd_ltd

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Parkd