Car park operator doubles in size

A car park operator has doubled the size of its portfolio after adding ten sites across England and significantly expanding its workforce.

Apex Parking, founded in 2021, now operates 20 car parks after taking on locations in Liverpool, Manchester, Leeds, Birmingham and Weston-super-Mare.

The expansion has also seen its workforce grow to 44, with 21 employees transferring from the previous operator in a single day.

The new sites include Pall Mall, Moorfields and Rumford Street in Liverpool, Chorlton Street in Manchester and The Core in Leeds, alongside four locations in Birmingham and one in Weston-super-Mare.

Apex previously operated ten car parks across London, Liverpool, Manchester, Chester, Bristol, Stoke, Ipswich and Hounslow.

The expansion follows the administration of National Car Parks (NCP) in March.

Landowner GreenPoint, which has more than $1 billion of equity under management, subsequently sought new operators for its 32 sites.

Working with pan-European business management company Lysara, it divided the portfolio between Apex, which already operated three locations on its behalf, and another operator.

Ben Sullivan, director of Apex, said: “We are particularly pleased to have been chosen as the as preferred management partner for these ten 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.”

Scott Parsons, chief executive of Lysara, added: “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.”

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