Peak Equities

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.

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.