‘Cheese grater’ sold

A NEWLY-built multi-storey car park in Sheffield has been acquired by car parking group Q-Park.

Arundel Gate, a 550-space car park which opened this month, is part of the St Paul’s Place development.

Designed by London-based architects Allies and Morrison, the building has been nicknamed ‘the Rubik’s cube’ and ‘the cheese grater’ in view of its distinctive appearance.

It is the third deal by Q-Park in Sheffield within the past few months.

Earlier this month the company took control of the 678-space multi-storey car park at Sheffield Railway Station when it acquired the remaining 50% shareholding in QT Partnerships from Town Centre Securities for £8.7m.

QT Partnerships was established as a joint venture between Q-Park and TCS in 2006.

In September, it exchanged contracts on a site at Portobello Street where work has begun to develop a new multi-storey car park with over 525 spaces, with 9,000 square feet of retail/restaurant space at ground floor level.

The Leeds office of law firm DWF advised Q-Park on all three deals. Q-Park, one of Europe’s largest car park groups, is headquartered in Maastricht in the Netherlands, with operations in the UK, Ireland, Belgium, Germany, France, Denmark, Norway, Sweden and Finland.

The DWF team included corporate partner Gavin Maddison, real estate partner Nic Crocker and solicitor Dean Jowett.

Mr Crocker said: “Q-Park is one of Europe’s most innovative, forward-looking car park groups. DWF has been working with the company to secure strategic locations throughout the UK.

“This latest deal is another high quality investment by Q-Park and one that will further strengthen its position in the Yorkshire market.”