Sourced from Parking World’s blog, the article ‘Parking remains attractive for investors’ explores some of the key things that make a car park an attractive investment. According to the article, authored by Macquarie Group, three characteristics have a meaningful impact on the attractiveness to potential investors:
- Demonstrated ability to retain locations and grow the portfolio
- Appropriate balance of leases and management agreements
- Proven management team
Whilst this is authored from a US perspective, it provides useful information for any owners and operators looking to strengthen their investment. A key theme seems to be emerging in that the value of car parks remains relatively stable, especially in the longer term. For more information on the pricing values on car parking in Australia, you can view our post, ‘Car park values remain strong’, from June 3.