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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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Green energy provider Infrabee is celebrating a major double success after plans for a 29-hectare solar farm site in the New Forest were approved and two further sites qualified for Government support under the latest round of Contracts for Difference (CfD) scheme.


The dual successes have been announced just weeks after the long-standing joint-venture between real estate specialists Boultbee Brooks and leaders in low-carbon infrastructure development, Infraland, rebranded itself under the new name of Cambridge-based Infrabee.


Planners have granted permission for an £8.5m solar farm proposal on land close to Walkford Farm on the border of Bransgore and New Milton in Hampshire, which will provide enough electricity for up to 5,000 homes a year.


The 15MW site will not only contribute to the UK’s net zero ambitions by combatting climate change, but it will also create jobs, provide a diversified income stream to a local farm business and generate £2.3m in business rates over its lifetime.


Additional planting of species-rich grass, wildflowers and new hedgerows around the site will also significantly benefit the environment by increasing the area’s net biodiversity by as much as 122 per cent.


Infrabee will produce and supply renewable energy solutions through a series of solar and battery sites across both the UK and Europe as it looks to play a key role in the global switch to a more sustainable and planet-friendly fuel resource.


There are currently 25 sites planned across the UK which are either under development or ready to build, with five expected to connect over the next 18 months and the rest due to be energised over the next four years.


Two of these sites – at Costock and Burton Top – have recently qualified under auction round six of the Government’s Contracts for Difference (CfD) scheme which offers green energy producers long-term revenue protection.


The (CfD) scheme guarantees fixed payments for electricity generators by shielding them from fluctuating market prices, encouraging investment into renewable energy production and limiting the prospect of financial losses.


Long-term CfDs are struck between the generator and the Low Carbon Contracts Company (LCCC) which is Government owned and fixes the ‘strike price’ or the level of income per unit of electricity.


Auction round six is by far the biggest ever designated by the Government with yearly subsidies of more than £1bn available to a range of renewable technologies, including offshore wind, solar, onshore wind and tidal stream.


Costock in Nottinghamshire (66MW) and Burton Top in South Stainley, just north of Harrogate (10MW), were successful in the auction process with a strike price of £50.07/MW.


Infrabee Director Henry Brown, comments:

“We are delighted that the various projects we have embarked on are beginning to show the fruits of our and the wider team’s labour. This is a truly exciting double win for the team."

“The clean energy from the New Forest solar farm would result in a reduction in carbon emissions equivalent to taking about 2,140 petrol cars off the road for 40 years.”


Fellow Director, Nick Barber, added:

“It is great to have received our planning consent at the New Milton site. Our success in the CfD auction is also very exciting as it will enable us to develop and deliver green energy solutions with the financial backing and support of the Government.”

In relation to the New Forest site, Infrabee was assisted by Pegasus Group who provided expert planning advice.

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