Leeds Based Firm Establishes a London Office

The new office will principally be used as a base to manage the expansion of Town Centre�s growing car park subsidiary, CitiPark, as it executes an ambitious five year plan to expand the number of branches across the UK, particularly in the South of England. This follows the successful re-branding and re-launch of the CitiPark business in 2014.

In total, CitiPark currently has 11 branches and over 5,000 car parking spaces. The recently completed �9m refurbishment of CitiPark�s flagship branch at the Merrion Centre in Leeds included the largest carbon fibre project in Europe. Its success is already helping CitiPark win further contracts in other towns and cities, like the recent partnership with Watford Council; CitiPark will soon be the new operator of three Watford Council car parks totalling 1,752 spaces.

Edward Ziff, Chairman and Chief Executive, commented:

�Our new London office represents a significant landmark not only for our CitiPark business but for Town Centre Securities as a whole, the establishment of our first regional office outside Leeds. Our intention is to expand our CitiPark footprint in the UK, particularly in the South. Our new London presence will enable us to manage CitiPark�s growth whilst also providing us with the bandwidth to make selective opportunistic investments in the London market.�

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