Perth company Parkd has struck a deal with property developer Vector Management to evaluate construction of a $9 million car park. The proposed multi-storey, 389-bay car park would be the second for which listed on the ASX last year. Vector is planning to establish a syndicate of investors to fund the project, at an unnamed inner-city location. Parkd will be paid a fee to provide the initial design, consulting and feasibly work to validate the project & commercial viability. Managing director Peter McUtchen said “Parkd would utilise its innovative construction process to minimise material expense and construction time by pre-fabricating the car park & lighter concrete components off-site.”