• Viewed 10,240 times by 3014 users (Last 30 days)
  • print Created with Sketch. Print
PKD 6.25% 6.8¢

PARKD LTD - Corporate Spotlight

Offering a revolutionary Car Park Structural Solution - PARKD is an Australian modular... Offering a revolutionary Car Park Structural Solution - PARKD is an Australian modular construction solution to the older, costly and dysfunctional carpark model. Consists of 3 primary pre-fabricated elements, the system offers faster build times, reduced construction costs and extensive flexibility.More

Corporate Spotlight

Offering a revolutionary Car Park Structural Solution - PARKD is a Australian modular construction solution to the older, costly and dysfunctional carpark model. Consists of 3 primary pre-fabricated elements, the system offers faster build times, reduced construction costs and extensive flexibility.
View the full Corporate Spotlight arrow Created with Sketch.

PKD APPOINTS SIMONS AMOS AS GM OF CONSTRUCTION

PKD SHARES SPIKE FOLLOWING $8.2M DEAL

arrow-down-2 Created with Sketch.

Parkd (ASX:PKD) shares spike following $8.2m deal for WA development


ASX:PKD
Source: PARKD

  • Parkd (PKD) shares spike after an $8.2 million Heads of Agreement (HOA) is signed with Coxon Group for a four-level car park and commercial development lot in Kewdale
  • The lot will provide 8400 square metres of total floor area, consisting of 257 bays and 1000 square metres of office space on level four
  • The first stage includes the design and pre-construction work and will be completed in the first quarter of 2022
  • The agreement is non-binding in respect to the second stage but will recognise the parties’ mutual intent to proceed with the stage if the council approval is passed

    Read the Full Article on The Market Herald here

PKD REGISTERS CONSTRUCTION COMPANY

arrow-down-2 Created with Sketch.

PARKD (ASX:PKD) registers construction company, appoints new GM

Industrial

ASX:PKD
Source: The Market Herald

  • PARKD (PKD) registers PAKD Construction as its new building contractor subsidiary in WA
  • This is a key step in the company's development as a head contractor and will support the delivery of new projects
  • Further, PARKD welcomes Simon Amos as the General Manager of Construction
  • Mr Amos brings a wealth of leadership experience in tier-one building companies and will use that to deliver construction works and projects

PARKD (PKD) has registered a construction company and employed a new building practitioner.


The parking infrastructure company registered PAKD Construction as its new building contractor subsidiary in WA.


The added company forms a key role in PARKD's development as a head contractor to partner with other builders and sub-contractors.


The subsidiary also supports PKD's supply chain for the delivery of projects under industry standard agreements.


In addition, PARKD has welcomed experienced building executive Simon Amos as the General Manager of Construction.


Prior to joining PARKD, Mr Amos held leading positions at well-regarded building companies such as John Holland NT and Broad Construction, and was most recently the CEO and Director of Construction Technology at ASX-listed company, Fast Brick Robotics (FBR).


At PARKD, Mr Amos will be responsible for delivering recently announced construction works for the John Hughes Group in WA, as well as other pending projects.


Company CEO Peter McUtchen was delighted to bring Simon Amos on board.


"Simon’s experience and passion for modular and LEAN Construction Practice is perfectly aligned with the company's aim to capitalise on the shift in the industry to modernise methods of construction and sustainable building practices."


Read the Full Article on The Market Herald here

PKD WINS $1.5M CONTRACT

arrow-down-2 Created with Sketch.

PARKD (ASX:PKD) wins $1.5m contract

Industrial

ASX:PKD

Source: PARKD via LinkedIn

  • Parking infrastructure company PARKD (PKD) has won a $1.5 million construction contract with the Western Australia-based John Hughes Group
  • The contract will see PKD construct a 1900 square metre suspended level structure at John Hughes' Victoria Park car dealership
  • The project is set to take six months to complete and follows a period of advisory works completed with the company
  • PARKD Chairman, Bronte Howson says PKD's construction methods could "transform dealership operational performance and profitability"

Parking infrastructure company PARKD (PKD) has won a $1.5 million construction contract with the Western Australia-based John Hughes Group.


Under the arrangement, PKD has been commissioned to construct a 1900 square metre mezzanine suspended level structure inside an existing warehouse for vehicle storage and retail use over the next six months.


PKD said the contract follows advisory works undertaken in the last six months with John Hughes Group regarding their Victoria Park car dealership.


The company said it will be engaging consultants and construction partners to complete the infrastructure using PKD's structural system, which PARKD Chairman, Bronte Howson said could "transform dealership operational performance and profitability".


John Hughes Group Chairman John Hughes also commented on the contract.


"With the strengthening demand for new and used vehicles, the solution to provide additional storage and display area presented by PARKD allows us to increase our inventory levels to meet and deliver the increased market opportunities and deliver the best service to our customers," he said.


The project is expected to take approximately six months to complete.


Read the Full Article on The Market Herald here

PKD AWARDED CONTRACT BY ST JOHN GOD

arrow-down-2 Created with Sketch.

PARKD (ASX:PKD) awarded contract by St John of God

Industrial

ASX:PKD

  • PARKD (PKD) signs on to provide more consulting work for private hospital provider St John of God
  • PKD will be paid $106,000 to help project manage the company's multi-level car park development at SJOG's Murdoch Campus in Perth
  • The ASX-lister says it'll engage Tier 1 building contractor Built NSW to assist with the project deliverables
  • This is the second time PKD is teaming up with St John as well as the second contract signed by the company in the last month

PARKD (PKD) is signing on to provide more consulting work for private hospital provider St John of God.


The car-park solutions business will be paid $106,000 to help project manage SJOG's multi-level car park development at its Murdoch Campus in Perth.


Among the works set to be provided by PKD were employing consultants and construction partners to prepare technical reports and construction advice.


It said it had already begun engaging engage Tier 1 building contractor Built NSW to assist with the project deliverables.


Commenting on the contract, PARKD’s CEO and Executive Director Peter McUtchen said it was a pleasing development.


"We are delighted with our further engagement in this second stage of works to develop a solution based on the PARKD Car Park System," Mr McUtchen said.


"The critical operational demands on parking and access at hospitals really highlight the need in the market for a solution that utilises modern methods of construction to minimise disruption and maximise the sustainable outcomes for the hospital."


Today's contract marks the second time PKD has teamed up with St John, having previously consulted with the hospital provider in February.


Additionally, PKD signed a second contract earlier this month with Axiom Properties (AXI) and the University of South Australia.


Read the Full Article on The Market Herald here

PKD SHARES ASCEND ON AXI PARTNERSHIP

arrow-down-2 Created with Sketch.

PARKD (ASX:PKD) shares ascend on Axiom Properties (ASX:AXI) partnership

ASX News

ASX:PKD
PARKD (ASX:PKD) to raise up to $1.25M
Source: Parkd

  • PARKD (PKD) shares rise as much as 86 per cent after announcing arrangements with Axiom Properties (AXI) and the University of South Australia
  • The Axiom partnership is designed to pursue potential car park development and construction opportunities in Australia
  • PKD's will also undertake due diligence for a potential car park at the University of South Australia's central business district site in Adelaide

PARKD (PKD) shares have risen as much as 86 per cent after announcing arrangements with Axiom Properties (AXI) and the University of South Australia.


In the first of its two updates, PKD said it had inked an 18-month heads of agreement with fellow ASX-lister Axiom Properties, in a bid to pursue potential opportunities within Australia to develop and construct car parks.


PKD hopes the move will broaden its outreach in Australia, where it is targeting public and private sector contracts.


PARKD Chairman Bronte Howson described the partnership as a "game-changer" and would allow PKD to realise opportunities currently hindered by a lack of funding.


"This partnership presents an exciting opportunity for PARKD to provide an alternate funding solution to traditional capital expenditure," he said.


The company announced shortly after that it had also entered a memorandum of understanding with the University of South Australia to assess a potential development site in the Adelaide central business district.


PKD is set to undertake a 90-day due diligence process to determine the feasibility of a multi storey car park at the site, however, the University is not bound by any obligations on the outcomes from the works.


Read the Full Article on The Market Herald here

PKD DRIVES FUTURE CONSTRUCTION MOVEMENT

arrow-down-2 Created with Sketch.

PARKD (ASX:PKD) drives construction movement of the future



  • Construction technology company PARKD (PKD) is making tactile strides into the future of construction championing sustainability and smart supply chains
  • The ASX-lister believes its patented parking infrastructure can withstand the growing sustainability challenges facing the construction industry
  • PKD says its existing infrastructure can be reused in entirely different projects, while it keeps building materials to a minimum
  • The company says it streamlines its process further by producing building materials, which are ready for assembly on site, ahead of time
  • PKD maintains these methods allow it to deliver much-needed multi-storey car park solutions to the institutions that need them most

Construction technology company PARKD (PKD) is making tactile strides into the future of construction championing sustainability and smart supply chains.


As it continues to expand, PKD said it had already found its niche in a sector calling out for modern approaches and innovation.


Having already cornered the market as one of the leading construction technology players on the ASX, PKD added that its method could withstand the increasing sustainability challenges confronting the industry.


"PARKD is about this movement forward into the future of construction."

PARKD Chief Executive Officer, Peter McUtchen


Sustainable infrastructure


No longer viewed as just an additional upside, sustainability is now a fundamental element in a business’s social responsibility strategy.


The expectations for most established companies to review their environmental practices have been raised significantly in recent years.


All industries are expected to assess and address their impact, with the construction industry — which is estimated to have produced 20.4 million tonnes of waste in 2017 — being no exception.


The Infrastructure Sustainability Council of Australia (ISCA) describes sustainable infrastructure as that which is "designed, constructed and operated to optimise environmental, social and economic outcomes of the long term”.


While some construction and demolition waste is unavoidable, PKD believes it operates in accordance with the ISCA's definition by virtue of patented approach.


PKD's parking architecture blueprint uses an accurate list of building materials, which minimises the chance of accumulating surplus materials. This has the added benefit of lowering costs.


Furthermore, PKD says the materials used in its building projects are completely reusable as they can be disassembled and utilised in a different project.


"We can reuse this structure pretty much down to the nuts and bolts of it - you can take it apart like Lego and use it somewhere else."

PARKD Chief Executive Officer, Peter McUtchen


This means, for example, that a temporary car park could go from a university or hospital to being used as a storage facility or a mezzanine level in an existing warehouse.


PKD said its method fully optimised a structure that shouldn't have to be built time and time again.


....continues


Read the Full Article on The Market Herald here

PKD RECIEVES $50K CONTRACT FROM SRLA

arrow-down-2 Created with Sketch.

PARKD (ASX:PKD) receives $50k contract from SRLA

Industrial

ASX:PKD
PARKD (ASX:PKD) receives $50k contract from SRLA

  • Construction technology company PARKD (PKD) receives a $50,00o contract from Suburban Rail Loop Authority (SRLA)
  • Under the contract, PARKD will work collaboratively with SRLA's project team to deliver stage one of the Suburban Rail Loop
  • Consisting of a 90-kilometre orbital rail line, the Suburban Rail Loop is the biggest infrastructure investment undertaken in Victoria
  • It will connect every major train line to improve access to housing, hospitals and schools as well as ease congestion

Construction technology company PARKD (PKD) has been awarded a $50,000 contract from Suburban Rail Loop Authority (SRLA).


Under the contract, PARKD will work collaboratively with SRLA's project team to deliver stage one of the Suburban Rail Loop.


Consisting of a 90-kilometre orbital rail line, the Suburban Rail Loop is the biggest infrastructure investment undertaken in Victoria.


Once completed it will connect every major train line from the Frankston line to the Werribee line, via the airport, to improve access to housing, hospital and schools in Melbourne's middle suburbs.


Three transport hubs will then be created at Clayton, Sunshine and Broadmeadows to connect regional services to the suburban loop.


The overall aim of this loop is to ease congestion and take pressure off the transport network.


Stage one will provide a connection between Melbourne's southeast between Box Hill and Cheltenham, as well as enhance areas around six new stations.


The SRLA is responsible for overseeing and delivering the rail loop on behalf of the State of Victoria.


Read the Full Article on The Market Herald here

PKD: OUTSMARTING THE PACK WITH IT'S TECH

arrow-down-2 Created with Sketch.

PARKD: (ASX:PKD) the construction technology player outsmarting the pack

ASX:PKD

  • ASX-lister PARKD (PKD) believes it has cultivated a solutions-driven take on the parking construction industry
  • PKD brings a patented methodology to the table, which can create parking infrastructure three times faster and 20 per cent cheaper than a typical building company
  • PARKD explains its designs also offer future flexibility, with clients able to add or remove floors, complete extensions or relocate the infrastructure altogether
  • This arguably more efficient approach is something PKD sees as a tangible turnkey solution for local, state and federal government contracts


Firmly grounded by a solid business foundation, ASX-lister PARKD (PKD) believes it has cultivated a solutions-driven take on the parking construction industry.


If asked, one could reel off countless issues facing the parking industry, but it takes more than just acknowledging a problem to fix it.


Instead of becoming another builder in an already diluted market, PARKD enters the fore with a patented, scalable, cost and time effective parking infrastructure design process that it said can be reproduced anywhere in the world.


This solution is not just reserved for permanent car parks, but temporary ones as well, an acknowledgement by the company of the shifting needs of our growing population.


This industrial player makes one thing definitively clear; it is not just another construction company but rather a solutions-based business.


More than bricks and mortar


More goes into constructing a car park than first impressions might reveal.


The process is often, however, and perhaps in some cases rightly so, viewed as clunky or an afterthought to most familiar infrastructures.


PARKD's point of difference is that it's not just there to treat a symptom of the problem by building more car parks in this same way, but is instead offering what it describes as a leading method of construction for permanent and temporary parking infrastructure that is faster and cheaper than its competitors.


The ASX-lister first exhibited its capacity as a construction technology business when it began creating permanent and temporary car park storage solutions for car dealerships before pivoting to larger and more lucrative markets.


PARKD has since set its sights on essential "low-risk" industries, including hospitals and universities, with a keen eye on securing local state and federal government contracts.


The company argues these services, regardless of how far public transport develops, will always require car parks.

Parking is a major issue in Australia and worldwide. And while we know that public transportation budgets are growing in hopes of solving these issues, we are still going to need our cars to drive to the train, to hospitals, to university and to the shopping centres.

PARKD Executive Director Peter McUtchen.

Read the Full Article on The Market Herald here



PKD TO TRANSFORM CURRENT PARKING MODEL

arrow-down-2 Created with Sketch.

PARKD’s (ASX:PKD) low-cost solution promises to transform the current parking model

ASX:PKD    
PARKD’s (ASX:PKD) low-cost solution promises to transform the current parking model

  • Of all the industries ripe for a sweeping overhaul, the car parking sector is certainly up there
  • The number of registered vehicles in Australia has doubled over the last 20 years, but the availability of public car parks has failed to mirror the increase
  • Enter PARKD — the construction technology company that’s developed a concrete modular, multi-storey car park structure known as the PARKD Car Park System
  • The system features only three primary concrete elements, all of which are prefabricated off-site and offer significantly faster build times for less money
  • It can also be designed with a range of add-ons, including electric vehicle charging, rooftop spaces for markets, and recreation or childcare services
  • Australia is the most expensive country in the world in terms of car parking prices, and one of the company’s major goals for 2021 is to establish and operate its own low-cost car park

Of all the industries ripe for a sweeping overhaul, the car parking sector is certainly up there. Every day, thousands — perhaps millions — of us leave our vehicles at shopping centres, office buildings and public transport hubs in much the same way that we have for decades. Cars have developed enormously in that time, but our methods of short-term vehicular storage have demonstrated a unique ability to resist any major degree of change.


It’s even more perplexing given that the number of registered vehicles in Australia has doubled over the last twenty years. Add to that Australia’s ever-growing population (an additional person every four minutes and 47 seconds, to be exact), and it would seem that a parking-related crisis is not too far away.


Federal and state governments have been pouring massive amounts of time, energy and money into improving the public transport sector. But, for a lot of people, the hassle of catching buses and trains falls immeasurably short of the convenience offered by cars.

“Most people would be happy to use public transport if it went from near where they are to near where they wanted to go, quickly and regularly,” said former Prime Minister Tony Abbott in 2009.


Likewise, Peter Martinovich, Executive Director of Infrastructure Planning and Land Services at Western Australia’s Public Transport Authority, said the convenience of the motor car has historically been absolutely paramount.


“If we’re building new public transport, we must design it to compete with the motor car and be better. Otherwise, don’t bother building it at all,” he added.


In NSW, the government’s Parking Space Levy (PSL) aims to reduce congestion in key business districts across Sydney and bring more people to public transport by funding roughly $100 million worth of improvements to essential infrastructure, including commuter car parks and interchanges.


In May 2019, the Victorian Government also unveiled a Regional Car Parks Fund under which $30 million would be invested to deliver new car spaces in Ballarat and the Latrobe Valley.


The coffers are clearly full and, for an entity with the right offering, there exists an undeniably significant opportunity.


Enter PARKD — the Perth-based construction technology company that’s developed a concrete modular, multi-storey car park structure known as the PARKD Car Park System that minimises both disruption and expenses.


Touted as a solution to the parking shortages of inner-city Australia, the system features only three primary concrete elements, all of which are prefabricated off-site and offer significantly faster build times for less money.


As a result, the preferred solution to the burgeoning parking crisis — expanding outwards — is replaced by a new, much more viable ability to build upwards, saving increasingly precious space in the process.


Central to the solution offered by PARKD is its ultra-rapid build times and future flexibility — that levels can be added or removed in response to changing levels of demand. In fact, the PARKD Car Park System can be disassembled entirely and erected elsewhere in a matter of days. 


“Build for now and flex for the future” is something they believe is more important now than ever before. According to PARKD’s Managing Director Peter McUtchen, “all of our current designs include an element of reuse or repurpose because our clients believe the future for parking demand is uncertain.” 


Not only that, but the system can be designed with a range of add-ons to enhance community amenities, including electric vehicle charging, rooftop spaces for markets, recreation or childcare services, drone delivery facilities, and ride share zones — even infrastructure to harvest rain and solar energy.


Of course, there’s also a financial component. According to Parkopedia’s 2019 Global Parking Index, the average price per day for off-street parking in Australia amounted to $43.98 — a 6.6 per cent increase from 2017. This makes Australia, and particularly Brisbane, the most expensive country when it comes to parking, well ahead of Switzerland and Hong Kong, which come in at second and third. 


While CBD parking is the golden goose for many landowners and operators, there are even more enticing opportunities in the health and university sectors where there is a growing demand for the leasing of car parks for periods of up to 40 years. As a result, there’s a major opportunity for PARKD to cash in on what could be considered a looming ‘parking boom’, and one of the company’s major goals for 2021 is to establish and operate their own car park through “build, own, operate and transfer” arrangements that could lead to dividend outcomes for its investors.


In the age of bitcoin and artificial intelligence, parking might seem an odd investment choice. But, with the COVID-driven market turbulence showing signs of abatement, it’s the stocks poised to do well with a reopening economy that have investors excited.


Read the Full Article on The Market Herald here

VIDEOS

arrow-down-2 Created with Sketch.

Parkd builds up and appoints Simon Amos as Gm Construction as it registers a WA subsidiary to focus on leading construction of its projects and pipeline



PARKD wins a major $1.5m contact with a leading WA car manufacturer, John Hughes - September 2021



PKD making strides in the hospital parking sector



PKD transforms construction technology



PKD disrupting the $1.2b parking industry



PKD (ASX PKD) Parkd Limited-Capital Raise


ABOUT PARKD

arrow-down-2 Created with Sketch.


PARKD ltd is an ASX listed construction technology company that has developed an innovative lightweight concrete modular car parking system. 


The PARKD Car Park System was developed by the founders of the business after identifying a niche market for a flexible structure that has the ability to be cost effective, reusable and easy to construct for use initially in the retail car dealership industry.

The Company was incorporated in October 2016 after the successful development of an engineered modular solution designed specifically for parking structures. The Company’s intellectual property rights surround aspects of the innovative lightweight concrete “modular” components.


These components minimise the structural weight and provide the ability to relocate the car park or adapt it to parking demands by adding or subtracting to the structural levels of the car park. The structure of the PARKD Car Park System is also compliant in terms of strength, serviceability and stability with relevant Australian Standards and established engineering principles (for elements not covered by Australian Standards). 



(20min delay)
Last
6.8¢
Change
0.004(6.25%)
Mkt cap ! $6.813M
Open High Low Value Volume
6.4¢ 7.0¢ 6.3¢ $48.62K 745.0K

Buyers (Bids)

No. Vol. Price($)
2 205832 6.3¢
 

Sellers (Offers)

Price($) Vol. No.
6.9¢ 75000 1
View Market Depth
Last trade - 15.21pm 19/01/2022 (20 minute delay) ?
(live)
Last
6.4¢
  Change
0.004 ( 10.3 %)
Open High Low Volume
6.4¢ 6.5¢ 6.4¢ 12850
Last updated 14.29pm 19/01/2022 (live) ?
PKD (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.