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REEF Technology Expands European Footprint with Launch in Spain

November 21, 2019

MIAMI--(BUSINESS WIRE)--Nov 21, 2019--

REEF Technology, the ecosystem that connects the world to your block, announced its expansion into Spain with the launch of operations at the Centro Comercial Zubiarte in Bilbao and SOM Multiespai in Barcelona.

REEF will deploy its industry-leading frictionless parking solution at the multi-story underground parking garages, both owned by ASG Iberia, a leading European real estate investment firm.

REEF’s state-of-the-art equipment includes parking barriers, multi-payment machines and REEF Technology’s optimized digital platform for a seamless user experience.

“We are excited to increase REEF’s global reach and bring our innovative parking solutions to the Spanish market,” said Jeremy Ford, Head of Property Strategy at REEF Technology. “We look forward to growing our presence in the region and continuing to ensure our customers have a positive, streamlined parking experience.”

The firm is exploring additional opportunities to introduce its technology-enabled solutions to parking properties in Spain and other European markets. Through its vision of transforming parking real estate into multi-use urban ecosystems, REEF plans to offer a variety of services, including micro-fulfillment centers, bike and scooter rental stations, electric vehicle charging, rideshare buffering areas, REEF KITCHENS and more to communities surrounding its optimally-located REEF Hubs. With more than 4,800 locations, REEF is the largest parking operator in North America and maintains parking operations in key markets across the United States, Canada and Europe.

About REEF Technology

REEF Technology is the ecosystem that connects the world to your block. By reimagining the role of parking facilities through technology-driven digital and physical platforms, REEF is creating last-block mobility and logistical hubs that serve the needs of cities, residents and businesses. Backed by the SoftBank Vision Fund and MIC, REEF Technology is the largest parking network in North America, operating more than 4,800 parking facilities. For more information, visit https://reeftechnology.com/.

View source version on businesswire.com:https://www.businesswire.com/news/home/20191121005797/en/

CONTACT: Media:

Kyle Sklerov (For REEF)

ksklerov@rubenstein.com

212-843-8486

KEYWORD: FLORIDA EUROPE SPAIN UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY LOGISTICS/SUPPLY CHAIN MANAGEMENT TRANSPORT MOBILE/WIRELESS CONSTRUCTION & PROPERTY NETWORKS URBAN PLANNING

SOURCE: REEF Technology

Copyright Business Wire 2019.

PUB: 11/21/2019 12:20 PM/DISC: 11/21/2019 12:20 PM

http://www.businesswire.com/news/home/20191121005797/en