Delivering value at all occupancy levels

When the anchor tenant at a substantial Camberwell Junction office building they own vacated, it presented a significant challenge but also a chance to turn adversity into opportunity. While undertaking a full refurbishment of the property and securing pre-commitments from tenants, there were more than 125 parking spots that were not producing income.

Jack Kilbride, Peak Equities’ Asset Manager, knew he needed a way to make those parking spaces work.

His thought process?

· High-quality new tenants take time to secure.

· People always need parking.

· There must be a way to activate parking spots immediately on a casual or longer-term basis

With the comprehensive upgrade project underway, Jack decided to put the empty spaces to work.

Jack had many moving pieces that he needed to control. He needed one tool to manage public and tenant parking without any guesswork. Secure access, real-time payments, and transparent data because forecasting with vague data wouldn’t cut it... So he called in Parkable.

With Parkable, Peak Equities rolled out a smarter parking strategy that worked from day one:

Public parking: Locals book, pay, and park-zero fuss, all through the Parkable app.
Workplace parking: Nearby businesses license spots monthly, letting their staff book with total security.
Tenant flexibility: New tenants are given their spaces immediately. Unused spots? Tenants can send them straight back into the public pool, bringing in extra cash instead of sitting empty.

And Jack? He’s running the show in real-time. Adding tenants, reallocating spots, even suspending bays for fit-outs-all with a few taps. No swipe cards, no admin black hole. Just a parking system that actually works.

(See the 6 steps that Peak Equities did to set this up)

In just 18 months, the property went from uncertainty to approaching fully let and Peak Equities’ data-driven parking strategy played a role in getting there.

Instead of letting empty bays sit idle, they found a way to service existing demand and turned parking into a revenue engine. The result? A fully utilised carpark, high income generating carpark proving that parking isn’t just an amenity-it’s a valuable asset.

And it’s not just about the numbers. Hassle-free bookings, secure in-app access, and smooth payments have made life easier for everyone. Tenants love the convenience, and prospective tenants see a well-managed, future-ready property.

For Peak Equities, every detail counts and by leveraging Parkable's technology and expertise, they turned a challenging gap into a high-performing asset with a long-term competitive edge.

Peak Equities is a diligent, creative and ultimately numbers-driven commercial property investment firm. They find prime properties, make them work, and deliver strong returns for investors.