Press release -
Q-Park UK agrees 35-year lease with Alliance Ares at Piccadilly Place
Q-Park UK is delighted to announce the take-over of Piccadilly Place car park with Property Alliance Group and Ares Management. The 35-year lease agreement is the latest addition to the Q-Park portfolio in Manchester.
As expected with the name, the car park is located next to Manchester’s main train station, Piccadilly. The car park is also situated underneath Piccadilly Place piazza, a mixed-use scheme containing 3 office buildings, an apartment block, restaurants, cafes, bars and a gym. The parking provider has agreed on a deal for 302 new spaces and will also manage the remaining spaces, which are currently let to tenants of Piccadilly Place occupiers.
Alex Russell, Managing Director of Alliance said: “This area is continually transforming and attracting more interest, so we are pleased to have signed up Q-Park who are experts in delivering safe and secure parking services.
Since purchasing Three and Four Piccadilly Place, we have worked closely with the Q-Park team to reach an agreement which not only works financially but complements the scheme’s offer of high quality. This deal is the first of several developments at Piccadilly Place, including our exciting plans for the piazza, which we will be announcing in due course. Nearby developments such as Kampus and the London Road Fire Station plus Alliance’s plans for the complex made this an easy decision.”
Adam Bidder, Managing Director of Q-Park UK added: “We are delighted about the takeover of Piccadilly Place. We are actively looking to expand our portfolio especially within Manchester which continues to perform well. As a result, Piccadilly Place was a natural location for us to invest in. This facility is an excellent addition to the Manchester cluster, increasing our market share in the city and providing a good spread of car parks around the city. We are also keen to upgrade the facility by installing the latest parking equipment and fresh signage in due course to improve the customer experience.”
Q-Park already operates car parks throughout the city centre of Manchester which includes Q-Park First Street and Q-Park Deansgate North which is set to open in the next few months. The parking industry and customers all recognise Q-Park for high quality, convenient parking. This exciting new venture will add value to the surrounding businesses and provide safe and secure parking for all.
For more information about Q-Park products and services please visit www.q-park.co.uk.
Topics
- Building, property
Regions
- England
Q-Park arrived in the UK in 2001 and is now one of the UK’s leading car park companies with 60 car parking facilities housing some 50,000 parking spaces in key locations in the UK with over 15 million visitors every year. (Including Aberdeen, Birmingham, Croydon, Glasgow, Leeds, Liverpool, London, Manchester, Nottingham, Reading, Sheffield and York.)
Q-Park partner with many different organisations to offer discounted parking to their customers. One such organisation is SOLT (Society of London Theatres) where theatre goers are given a 50% discount when they visit a West End Theatre.
2015 North of England Excellence Awards Winners of Q-Park Rewards Loyalty App – Special Category Award for Innovation.
Q-Park has won a RoSPA Health & Safety Award and also holds 59 ParkMark Safer Parking Scheme accreditations, 15 European Standard Parking Awards (ESPA) and a Silver Investors in People Award.
Q-Park offer customers many complimentary services at their parking facilities which include free baby buggy and umbrella loans as well as jump starters and heart defibrillators in case of emergencies.
