Replacement Parking Applications

Parking garages can provide very attractive real estate returns...in the right location. An APS in the same location could either:

• double the parking garage revenues by offering +2 times as many parking spaces, or
• reduce initial investment costs, by minimizing the use of expensive land.

While conventional parking garages are the common parking technology used in real estate development, an APS would very often be a better choice, from today’s perspective. Although there is some work required to tear down an existing parking garage and build a new, automated parking system from Skyline, the effort can be worthwhile. Owners of old and run-down garages should be especially curious about our offer.

Skyline is searching for and examining existing conventional parking garages in need of significant rehabilitation (e.g. damages on the surface or statics, too narrow parking places / lanes / ramps, or restrictions such as height or disabled-friendliness). There are opportunities to close deals quickly in this segment, as the business case is simple, communication to the owner is straightforward and securing building permits is typically quite fast, since the replacement parking facility maintains the purpose and dimensions of the original structure.

About Skyline Parking AG

Skyline Parking AG designs and supplies the most space-efficient and fastest fully automated parking systems. Skyline’s systems provide high returns while being an environmentally and user-friendly answer to the growing scarcity and cost of urban space, worldwide. The broad range of products, means that Skyline Parking has a solution for virtually any location, problem and requirement.