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Gatwick Airport Car Park

Location: Gatwick, UK
Asset Type: Airport Car Park (300 spaces)
Completion: December 2024

Success story

Overview

The Gatwick Airport Car Park Development comprises 300 newly developed parking spaces situated in close proximity to Gatwick Airport Terminal 1. The asset provides high‑demand parking capacity for one of the UK’s busiest airports and is now fully operational and let to Maple Manor Parking under a long‑term agreement.

Challenge

The opportunity to acquire the site arose at auction, requiring immediate access to funding to secure the purchase before the deadline. The client needed a fast, flexible finance solution capable of completing within days while also providing a robust security structure.

Solution

A short‑term bridging facility was arranged to enable the auction acquisition.

  • Funding Provided: £500,000
  • Loan-to-Value: 60%
  • Security: First legal charge over the property
  • Completion Timeframe: 72 hours from instruction to drawdown

This rapid facility allowed the client to proceed confidently at auction and complete the transaction without delay.

Outcome

  • Auction purchase secured with £500,000 bridging finance
  • Funding completed within just 72 hours
  • First charge registered to safeguard lender and borrower interests
  • 300 parking spaces now fully operational and income‑producing
  • Successfully let to Maple Manor Parking, providing long-term stability

Key takeaways

The Gatwick Airport Car Park case highlights the critical role of fast bridging finance in seizing time‑sensitive opportunities. By delivering a 60% LTV facility in only three days, the client secured a prime asset near a major UK airport and rapidly transitioned it into a stable, income‑generating investment.