Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

NCP urges landlords to back Restructuring Plan

Parking operator seeks rent cuts across a slimmed down estate

Mark Moran
18 June 2021
 

NCP is seeking to either renegotiate rents or exit contracts on many of the sites it runs. The parking company says the action is needed because it had seen revenues drop by 80% during the pandemic.

The company unveiled a Restructuring Plan in May that could see a major shakeup of the company’s business model. Many landlords are facing large rent cuts and NCP has also started discussions about pulling out of contracts for unprofitable parking facilities.

NCP’s Japanese owner, Park...

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