NCP plans 300 site increase by 2024

NCP Old Bailey

As part of our ambitious plans, NCP is planning to increase its national footprint by 300 sites over the next five years. 

We’re planning our growth through a combination of corporate acquisitions of existing sites and partnering with land owners and landlords to create new car parks, as well as through competing for new leases and operations and management contracts across private and public sectors. 

In addition, we’re actively evaluating a number of potential purchases of parking sector businesses and operators to add to our portfolio and the expertise of our already industry-leading teams.

Since being acquired by Japan’s leading parking operator, Park 24 and Development Bank of Japan, we’ve already expanded our UK footprint by 60 sites. We now have one of the strongest covenants in the industry to back our long-term growth strategy.

In London, we’re targeting commuter points outside the congestion charging zone (and ULEZ) to build on our current portfolio. We also plan to expand our presence and footprint across the UK in major satellite and commuter towns. 

Outside of England, we are actively seeking sites in Belfast as well as in key Scottish and Welsh towns and cities. These, along with major commuter areas such as major transport interchanges and hubs, are primary target areas.

As our Chief Commercial Officer, Lee Holland said in a number of industry media titles that reported recently on our plans:

We have ambitious growth plans and the financial backing of our parent to fulfil those. If there are commercial agents out there with land or sites that could be converted, I would urge them to get in touch with my property team.We already have a portfolio of almost 600 sites across the country and with our well-funded, extremely strong covenant we’re committed to expanding our geographical footprint. We’re also committed to investing in new and existing sites to ensure we deliver the best customer experience available – from on-the-ground experience to mobile and digital ticketing and frictionless parking across our estate.

For more information on NCP’s portfolio expansion and details of its work in the property sector, please visit our property management page.

 

Jonathan Scott, Chief Executive Officer, NCP