Park First has been in discussions with the Financial Conduct Authority with regards to our airport parking property investments at London Gatwick Airport, London Luton Airport and Glasgow International Airport.
In light of the Financial Conduct Authority’s interest in the matter, Park First has voluntarily agreed to restructure the investments in a manner in which the FCA is satisfied they do not constitute collective investment schemes.
A spokesperson for Park First said: “We feel the restructured property investment under the Lifetime Leaseback is far superior to the previous property management structure and we are proud to have worked with the FCA to produce a solution, which they have agreed is not a collective investment scheme. Our aim is always to ensure our investors receive the best possible returns from the airport car parking spaces they have purchased.”
Investors on London Gatwick airport and Glasgow International Airport car parks can now enter into the new Lifetime Leaseback.
For more information about the new Lifetime Leaseback airport parking investment, please contact a member of the Park First customer services team by emailing firstname.lastname@example.org or calling the team directly on +44 (0)1282 526 000.