Expanding Car Parks Operator Apex Parking Doubles In Size

nuse.

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

Categories

Oct 30, 2023
2 min read

For many of us, swimming started at a very young age as a life skill, others took the water when they were at school and fortunate to have access to a pool, and others took the plunge later on in life. One thing is for sure, swimming is a sport for all and irrespective of when you took to the water, it is certainly not just a recreational activity but an immersive experience that offers an array of physical and mental benefits.

As an activity that combines both relaxation and exercise, it has captured the hearts of millions worldwide. Whether you're gliding gracefully through calm waters or racing against the clock in a competitive pool, swimming offers something for everyone.

The Physical Benefits

Swimming is a full-body workout like no other. As a low-impact exercise, it is gentle on joints, making it an excellent choice for individuals of all ages and fitness levels. Here are some of the physical benefits of swimming:

Cardiovascular Health: Swimming elevates the heart rate, improving circulation and increasing cardiovascular fitness.
Muscle Toning: Every stroke engages multiple muscle groups, promoting strength and muscle tone.
Weight Management: Swimming burns calories and aids in weight control, making it an effective exercise for those looking to shed extra pounds.
Enhanced Flexibility: The rhythmic motion of swimming helps improve flexibility, especially in the shoulders, hips, and legs.
Stress Reduction: The soothing properties of water have a calming effect, reducing stress and promoting relaxation.

The Mental Benefits

Swimming offers more than just physical rewards; it also has several mental benefits:

Stress Relief: The gentle, repetitive motion of swimming is meditative, allowing you to clear your mind and reduce stress.
Improved Mood: Swimming triggers the release of endorphins, enhancing mood and combating depression and anxiety.
Mental Clarity: Many find that the time spent in the water is when they experience some of their most creative and clear thinking.
Sense of Achievement: Setting and achieving swimming goals can boost confidence and provide a sense of accomplishment.
Social Connection: Swimming can be a social activity, fostering a sense of community and connection with others who share the passion.

Beyond its physical and mental benefits, swimming is a critical life skill. Knowing how to swim can save lives in emergency situations, such as water accidents or natural disasters. It's an essential skill for personal safety and a valuable asset for anyone living near water or frequently engaging in aquatic activities.

Swimming is more than just a sport or pastime; it's a holistic experience that nourishes the body and mind. It offers numerous physical and mental benefits, from improved cardiovascular health and muscle tone to stress reduction and enhanced mood.

Whether you're diving into a serene lake or racing in a competitive pool, swimming is a versatile and life-enriching activity that has something to offer everyone. So, why wait? Take the plunge and let swimming become your watery adventure for a healthier, happier life.

n.

nuse.

Expanding Car Parks Operator Apex Parking Doubles In Size

nuse.

Most Read

Categories

Most Read

Categories

Recent Posts

Become a digital subscriber and support our publication enabling us to continue to share more news, each and every day.