Most parking operators sell management services. They run your car park, collect their fee, and leave the income risk with you. Day-to-day pricing oversight, enforcement headaches, tenant complaints—those stay on your desk.
We do something different. We lease parking assets and run them as our own business.
If you're comparing outcomes for owners, see developers & owners. For sector examples, start at where we focus.
You get contracted rent. We get the operational upside and downside. Parking moves from variable "other income" to a lease on your rent roll.
Management agreements are convenient. You hire an operator, they run the car park, you collect whatever income comes through minus their fee. But the structure creates problems that compound over time.
The operator gets paid regardless of how well the car park performs. You carry all the demand risk. When utilisation drops or pricing needs to change, owners are pulled into the decision-making. When there's a complaint or an enforcement issue, you deal with it. When the boom gate breaks, you pay for repairs.
Valuers see this and treat parking as "other income"—discounted, volatile, hard to capitalise. Lenders ask awkward questions. The income line looks messy compared to contracted rent.
Management agreements optimise for the operator, not the owner.
We sign a lease for your car park and pay you rent. Fixed monthly payments with annual escalations. You know exactly what you're getting, and you can bank it.
On our side, we run the car park as a business. We manage pricing within agreed guardrails, handle enforcement, manage complaints, fund the technology, and maintain the equipment. If we get the operations wrong, we lose money. If we get it right, we do well. That's the deal.
Management isn't a service we sell to you. It's what we do internally to make the lease work.
Taking a lease on a car park means taking real risk. We're willing to do that—it's our business model. But we need the risk to be priced fairly.
Parking demand is often affected by factors outside our control: construction delays, staged openings, access restrictions, staff policies set by the owner. If those factors are suppressing demand, we can't carry that risk at full rent.
Where owner-controlled factors affect demand, we build in temporary adjustments. These are defined upfront, time-limited, and disappear once the site stabilises. Once you're at normal operations, the lease is at full rent.
We take parking risk. We don't take construction or leasing risk.
When parking is under a lease instead of a management agreement, it shows up differently in your financials.
Valuers treat contracted rent differently from variable parking revenue. Lenders see a cleaner income stream. Refinancing conversations get easier. And operationally, you're not managing the car park anymore—no day-to-day pricing decisions, no complaints, no equipment maintenance.
Parking stops being a line item you have to explain. It becomes rent.
Fixed income. No operational exposure. Clean valuation treatment. That's the trade.
Our model works best where parking matters to the core business but nobody wants to run it. Sites where getting parking wrong creates real problems—tenant complaints, lender questions, reputational issues.
We operate in private hospitals and medical precincts, commercial office buildings, shopping centres, and mixed-use developments. We also work with greenfield sites before they're fully stabilised.
If your parking is more trouble than it's worth, we should probably talk.
We talk through your asset, what's driving demand, and what's getting in the way.
A rent range, term assumptions, and how we'd handle any stabilisation period.
We lock in the commercial deal before lawyers get involved.
Clean documentation that lenders recognise. Financing conversations go faster.
The big parking operators make their money from management fees. Low risk, predictable revenue, pass everything back to the owner. Greenfield sites and development exposure don't get past their risk committees.
We built SureSpot to do the deals they won't. We price parking risk, absorb it where it makes sense, and turn your car park into contracted rent.
If you're developing, repositioning, or just tired of managing your car park, let's talk. No pitch deck, just a conversation about whether your site is a fit.
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