Sector: Commercial property and interim parking use
Services: Car park setup, management and operations
Location: Collins Street, Melbourne, Victoria
Engagement: Historical case study
Situation
A Collins Street property owned by a major superannuation property investor had been dormant for two years and was intended for redevelopment approximately 18 months later.
Challenge
The owner wanted the site to generate value during the holding period without compromising the planned redevelopment programme.
What Ace Parking did
Ace Parking established an interim car park on the site and managed the day-to-day parking operation during the pre-development period.
Outcome
In this historical case study, the interim parking operation generated a substantial holding return for the owner at no setup cost to the client.
Services involved
- Interim-use parking strategy
- Car park setup
- Car park management and operations
Related services: car park consulting and car park management and operations.
Contact Ace Parking to discuss interim parking use for a development or holding site.
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