Car Parking Investment & Operating Strategy
Car Parks are a ‘real asset class’ which produce strong cash-flows, high yields and the prospect for significant capital appreciation.
This investment is focused in China, which has less that 0.8 parking bays per car, as compared to 1.5 – 2.0 bays per car in the western world. Car Ownership is growing at over 20 million new car sales per year. Current government policy is now directed to solving each city’s parking problems. Parking rates will rise significantly over the next few years. We believe this is an industry with the opportunity to drive margins and efficiencies using new technology, proactively manage occupancy and yields and to build a unique technology-led parking platform brand in China. Our strategy is to acquire, develop and operate car parks in China under the Huibo / WE PARK brand name.