The past year has seen considerable industry activity and consolidation – both in Australia and Europe Q PARK/KKR Infrastructure Q Park is a leader in European parking with over 870,000 parking spaces across 6,300 locations in ten countries. They have consistently set the benchmark for presentation and operation of carparks. The portfolio is dominated by a large number of small sites – the average...

the mix of customers, technology and the physical environment Once ParkScience understands an asset owners goals for their car park, we can select the best options to achieve thos targets. Analysis is done on a site by site level breaking down the business into each product that is offered to customers, how it is priced, where they park within the car park and the technology that provides them...

what are the potential disruption outcomes The most common question I have from clients and business contacts is about autonomous vehicles and their impact on the parking industry. This includes the physical assets as well as operational businesses. Views range from severe disruption to parking operators (in the same way Uber has disrupted taxis) to opportunities for owners of large centralized...

providing a unique advisory service  The range of corporate client services is broad − from detailed business reviews of parking tech start-ups (DIVVY and BaseUp) through commercial application of technology (Westpac) to property, with a DA to construct 3,950m2 of office space on top of the Eureka carpark in Melbourne for Wilson Parking.  At a REIT level, both DEXUS and Charter Hall...

future proof your asset The advent of cheap and reliable data transfer has been the catalyst for technology driven change in the industry. The only certainty is data transfer will continue to get quicker and cheaper - which will challenge the traditional providers of access control equipment who are using platforms that are expensive to install and maintain and rely on restrictive proprietary software. We...

how to increase yields When astutely implemented, increasing capacity or parking rates are two ways of improving your assets revenues. However there are a number of more sophisticated methods that can be utilised depending on the profile of the site and its customers. Parking is a dynamic business - and the profile of a site and its customer base can change very rapidly as a result of external...