United Kingdom

Peak Equities

How Peak Equities turned empty parking spaces into a revenue machine

At a glance

Revenue from the start: Earned income from empty bays during lease-up.

Easy to manage: One system to handle public (daily and monthly) and tenant parking.

A better experience for tenants: Simple, reliable parking made life easier for tenants.

About Peak Equities

Boutique brand. Strong numbers.

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.

“Our major tenant vacated and - with an understanding that finding the right new tenants in the current environment was not going to happen overnight - we saw an opportunity to generate immediate income for our investors. People always need places to park, and we were sitting on unused spaces in one of the busiest office, retail and residential hubs in all of Victoria".

Jack Kilbride, Asset Manager, Peak Equities

The motivation

Prime location. No tenants. An empty car park.

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.

The fix

Better parking that more than pays for itself

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.

“After our major tenant left, we had to act fast. Our approach brought in revenue we wouldn't otherwise have captured. It helped our bottom line—and today, tenants love the seamless, secure parking experience. It just works.”

Jack Kilbride, Asset Manager, Peak Equities

The impact

More revenue, happier tenants, zero wasted space

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.