Ocean Parking were contracted by Hermes Investment Management to provide an integrated car park management solution at The Centre MK in Milton Keynes.
Since the introduction of Ocean Parking’s car park management service we have made the following notable achievements:
As a result of these initiatives, year to date revenue has increased by in excess of £250,000
Hermes Investment Management identified that the car park at the Centre MK in Milton Keynes was not effectively increasing the asset value of the centre. There was a desire to separate the MSCP from the wider shopping centre operation and to provide industry specific expertise to support the future revenue growth of the car parks, whilst also ensuring the car parks can operate as a standalone entity.
Beyond the day to day management of the car park operation, it is also Ocean Parking’s responsibility to maximise revenue, manage contractors and suppliers and introduce new revenue generating partnerships. Ocean Parking proposed a solution which saw us take ownership of all aspects of the car park operation and although working directly for the asset owner also aligning our wider objectives with the centre operation and reporting on a day to day basis to the Centre Management team and managing agent.
Do you have a location that you are considering for some ethical car park management? Our team would love to talk to you about how Ocean Parking can help you leverage excellent passive income without the need to get involved with any negative press.
