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Expanding Car Parks Operator Apex Parking Doubles In Size



Expanding car parks operator Apex Parking has doubled the size of its portfolio by acquiring 10 new properties.


The company has also rapidly grown its workforce with its headcount now standing at 44 after transferring in 21 staff from a previous operator in one day.


Apex Parking‘s newest locations are Pall Mall, Moorfields and Rumford Street in Liverpool, Chorlton Street in Manchester, The Core in Leeds, New Street, Royal Angus, Londonderry and Horsefair in Birmingham and High Street in Weston-super-Mare.


The company, which was founded in 2021, already operated 10 car parks in London, Liverpool, Manchester, Chester, Bristol, Stoke, Ipswich and Hounslow. The new acquisitions came about after National Car Parks (NCP), which was founded in 1931 and with a portfolio of 340 UK car parks, went into administration in March.


Landowner GreenPoint, a global real assets investment firm with more than $1 billion of equity under management, decided to move away from NCP and the administration process and find new operators for their 32 sites.


Working through their pan-European business management company partner Lysara, GreenPoint decided to split its portfolio between Apex Parking, which already ran three sites for them, and another operator.


Director Ben Sullivan said:

“We are particularly pleased to have been chosen as the as preferred management partner for these 10 car parks by GreenPoint."

“We believe their decision was very much influenced by the work we have done to turn around the existing three sites but also for the significant commercial support and insight we gave them post-NCP’s administration announcement."


“This expansion is another significant step in our journey and reflects the confidence our clients continue to place in our team. Strategically it has worked out very well for us, geographically complementing our existing sites and allowing us to both expand and move forward rapidly through economies of scale."

“We will be upgrading the car parks to the most modern standards, making the lighting better, changing bay markings, improving and reducing signage, increasing safety aspects and dealing with anti-social behaviour."

“The installation of new equipment, supplied by APT Skidata, is making the act of parking simpler and more pleasant – and we offer competitive prices, with discounts for subscribers and season tickets and also reward schemes."


“We would like to reassure drivers by pointing out that we will be honouring season tickets previously bought through NCP for our 10 new car parks, even though we are not obliged to do so by law and most likely will not be receiving any of those funds."

“As a responsible employer we are also dedicated to improving the facilities for our dedicated and hard-working staff. They are the face of our business, the people interacting with our customers and dealing with any issues.”

“Working with a landlord who understands our vision in terms of putting staff back into car parks is so refreshing, as is the appreciation that we need to invest to build a decent, sustainable business and it is the long-term revenues we are looking at, not making a quick buck and disappearing.”


Scott Parsons, chief executive of Lysara, said:

“Over the past few months, the team has worked at pace to transition 30 assets into a stronger operating structure, securing long-term income with Q-Park across 20 sites and retaining attractive operational upside across a further 10 sites with Apex."

“This is an important milestone for Lysara. The new arrangements strengthen the quality and resilience of the portfolio, refocus on the customer experience and preserve our flexibility to integrate new services, including EV charging, overtime.”


Apex Parking, founded in 2021, operates 20 car parks across England, including London, Liverpool, Manchester, Leeds, Chester, Bristol and Birmingham. Visit here for more details with Apex Parking.


Photo: Car park operator Apex Parking directors, from left, Iain Selbie, Guy Watson and Ben Sullivan have overseen a doubling of the size of the company with the acquisition of 10 new properties across the country

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A 400 ft Anglesey landmark that has dominated the local skyline for more than 50 years is set to be razed to the ground.

  

It is part of a contract that is valued at £410,000 for Nottingham based Total Reclaims Demolition and will be one of the largest chimney demolitions performed by the firm. The team has been tasked with the continued clearing of the former Anglesey Aluminium plant in Holyhead, North Wales.

  

The 15-week contract was won by the firm following an open tender process and subsequent negotiation with East Midlands based company, Rock Civil Engineering. The specialist controlled explosion of the huge 400 ft (122 metre) tall concrete chimney in Holyhead follows a smaller chimney demolition performed by the firm in Derbyshire in 2020.

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"In fact, the last chimney we blew was around three years ago and it was a quarter of the size of this, and that’s what makes it interesting for me. It’s the second explosive project I’ve been involved with since stepping up and following in my father and late grandfather's footsteps and I’m ready for it.”

  

The former Anglesey Aluminium site closed down over a decade ago, with production ceasing in 2013. In 2016, the site was taken over by the Orthios Group, however, its recycling venture collapsed in 2022 with the loss of 140 jobs.

  

The site, renamed Prosperity Parc, now has a new owner, Swedish shipping line company Stena Line, which purchased the land to expand its operation at the Freeport.

  

The expansion has been hailed as a new start. According to local reports, Anglesey Freeport redevelopment is forecast to deliver up to 13,000 jobs across North Wales.

  

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