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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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The British Library and CBRE Global Workplace Solutions (GWS) have commissioned Naked Energy to deliver the UK’s largest solar heat project to accelerate the public building’s transition to renewable energy.


The installation comprises 950 solar collectors across 712.5 m2 of the library’s roof space. It is expected to reduce the building’s CO2 emissions by 55 tonnes and generate 216 MWh of energy annually – the equivalent of powering and heating a community centre or swimming pool for a year.


Naked Energy’s solar heat and electricity Virtu product range is the world’s highest energy density solar technology. The Virtu product range converts the sun’s energy into heat and electricity from the same collector.


Naked Energy’s Virtu product range saves up to four times the amount of carbon as standard solar PV panels and are a key advance in decarbonising heat in sectors from manufacturing to hotels and leisure centres.


The technology will supply sanitary hot water and space heating for the British Library, benefitting staff and visitors alike.


Also, in a rare application of solar technology, the collectors will also be used to help to maintain the precise temperature and humidity conditions needed to preserve the national collection cared for by the British Library.


The British Library is custodian of over 170 million items, ranging from newspapers and maps to sound recordings and patents, and is a living collection that gets bigger every day.


During the planning phase of the installation, Virtu solar technology secured planning permission on the Grade I-listed building, as its unique low-profile design does not disrupt the Library’s architecture and remains invisible from street level.


The British design and engineering business recently received investment from E.ON Energy Infrastructure Solutions and Barclays in the first close of its Series B capital raise, totalling £17m.


The funding builds momentum for Naked Energy as they begin to accelerate the international rollout of their innovative solar heat technology in the face of rising global demand for renewable heat.


Christophe Williams, Founder and CEO of Naked Energy said:

“It’s an honour to partner with such an iconic British institution and be a part of their journey to meet their net zero goals."

“The urgent need to decarbonise heat has long been under-recognised in the discussions over the UK’s move toward net zero. We hope that this project can serve as a catalyst to inspire others in the public sector to join the energy transition and move away from fossil fuels once and for all."


“This project has been an immense undertaking and is an exciting step forward for the solar thermal industry in the UK.”


Patrick Dixon, Director of Estates and Construction at the British Library, said,

“The British Library is delighted to have benefitted from the Public Sector Decarbonisation Scheme."

“We have received two grants under the scheme, one of which provided the funds for our supply partners CBRE to work with Naked Energy to design and install this innovative technology on our Grade I Listed building in London."


“This project is part of the Library’s commitment to environmental action and we are pleased to have formally launched our new Sustainability and Climate Change Strategy during Green Libraries Week."


“The Public Sector Decarbonisation Scheme is run by the Department for Energy Security and Net Zero and delivered by Salix Finance. It provides capital funding to public sector bodies to fund heat decarbonisation and energy efficiency measures.”


Jon Benford, Managing Director at CBRE GWS, added:

“We’re incredibly excited to be delivering the largest solar heat installation project in the UK for our client, the British Library, and supporting such an iconic British institution on their net zero journey."

“Working towards net zero emissions in a Grade 1 listed English Heritage building comes with its own unique challenges, and we’re proud of the role this project will play in both preserving the past and protecting the future.”


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