The total number of parking spaces in the UK is estimated at between 8 million and 11.3 million and we consider that the car park sector is a property asset class worthy of close attention. According to the British Parking Association, the c.2,250 public parking facilities operated by local authorities throughout the country generate an estimated turnover of £1.5 billion.
Rapleys are experts within the car park sector and bring specialist knowledge to each opportunity. We have successfully completed a full range of instructions from rent reviews to acquisitions, compulsory purchase and investment brokerage for a large range of clients, a selection of which are shown below.
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