The car park offers City Subaru the ability to relocate or reuse the structure and represents the first purpose-built, relocatable concrete car park in Australia.

ParkD Ltd (ASX:PKD) has received $690,000 after City Subaru Perth exercised its option to purchase the car Park built by Parkd in August last year.

City Subaru decided to purchase the car park due to several transformational outcomes demonstrated in the trial period.

These include an increase in cars being sold and serviced and higher levels of customer satisfaction through increased parking availability.