NCP car parks have new owner

Davidson Kempner wins race for £500m 88-site portfolio

Global investment company Davidson Kempner has paid £500m for a portfolio of NCP car parks. Blackstone and Royal Bank of Scotland put the 88 car parks up for sale in May.

It is understood there is interest in repositioning some of the sites as urban logistics hubs.

The portfolio had attracted interest from a number of investors. In August, private equity fund Centerbridge Partners appeared to have secured the deal, but that deal fell through.

The sites had previously been the focus of...

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