Rat and Mouse
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Mon
07
Nov
There's money in them there bays

Nov7parking.jpg

The Sunday Times isn't the only broadsheet to focus on London carparking. Here's the Telegraph, wondering aloud (okay, in print) whether the big future development profits are going to come from carparks. Ross Clark talks to John Law, of York House Developments, about the 86 parking spaces he's almost entirely sold (for £132,000 each, apparently) under a tennis court off Kensington Church Street. It's a question of planning. Years ago developments sold with parking... now they don't. And councils are granting many times more permits than there are spaces.


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