Kiwi Property has full visibility and management capability of its parking assets on a single platform
Recoup thousands of dollars
By making underused parks available to other tenants, Kiwi Property recoups thousands on their assets
Unique value proposition
An innovative tech solution to parking attracts new tenants and adds value for existing clients
Kiwi Property Group is a property investment company focused on sustainable returns and creating robust layers of governance. In 1993 Kiwi Property listed on the NZX as Kiwi Income Property Trust, the first entity of their kind in New Zealand, and today are the largest-listed diversified property company of the NZX.
Tania Gray, Commercial Property Manager
Kiwi Property has parking space across multiple residential and commercial sites, which was complex to manage using traditional tools as they could not view the occupancy of all car parks on the same platform. They also believed that an innovative tech solution to car parking would attract new tenants, and add value for existing clients.
Kiwi Property piloted Parkable in 2018 across a number of their CBD commercial properties. They gained full visibility of their parking assets on a single platform, and were suddenly able to increase their management efficiency, collect payments with ease, and recoup costs on assets that were previously at a fixed cost by making underutilised bays available for casual parking to other tenants in their buildings.
Parkable has helped Kiwi Property to streamline their management system, recoup thousands of dollars in parking costs, provide additional value to tenants through park sharing, and reduce the hours spent by staff on car park management so that they can focus on their core business. Kiwi Property has also become a pioneer as the only property management enterprise in New Zealand with the ability to share car parks across multiple properties, which provides a unique proposition over competitors.