Fri 08/13/2021 11:00 AM
U.K. car parks operator National Car Parks, or NCP, has restarted bilateral negotiations with its landlords after the
suspension of its proposed Part 26A restructuring plan in June, sources told Reorg.
The company is focusing its attention on the 41 sites it categorized as Class C leases for the purposes of the restructuring plan. The company considered these sites uneconomic on current lease terms and that even a change to the post-Covid 19 normalized estimated rental value, or ERV,...
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