Shoosmiths has advised Lysara on the restructure of its UK car park portfolio following the administration of National Car Parks Limited (NCP), delivering a complex, multi-disciplinary transaction involving 30 sites across the UK.

Published: 20 August 2026

The properties were fully let to NCP prior to its administration. Working closely with Lysara, Shoosmiths supported the implementation of a new long-term operating strategy, including the grant of new leases to Q-Park across 20 sites and management agreements with Apex Parking for a further 10 locations.

The transaction supports Lysara's strategy to enhance the long-term performance of the portfolio through strengthened operational arrangements, investment in technology and infrastructure, and improved customer experience. It also creates flexibility for future initiatives, including the potential introduction of electric vehicle charging facilities.

The project involved expertise from across Shoosmiths' Real Estate, Commercial, Real Estate Litigation, Competition, Employment and Restructuring teams. The Shoosmiths team was led by client partner Nathan Rees, Chris George and Kathryn Kinsey, supported by colleagues from across the firm.

Nathan Rees, Partner at Shoosmiths, said:

"This was a complex transaction delivered against a challenging and evolving backdrop. By bringing together expertise from across the firm, we helped Lysara implement a long-term solution that supports its strategic objectives and positions the portfolio for future growth. The project demonstrates the value of an integrated approach, combining legal expertise, sector knowledge and technology to deliver complex transactions efficiently and at scale."

Scott Parsons, chief executive of Lysara, said:

“Shoosmiths combined commercial insight, innovative thinking and deep sector expertise to help us deliver a highly complex transaction. Their collaborative approach and seamless teamwork provided real value throughout the process, enabling us to achieve our objectives efficiently and with confidence. They proved a trusted partner at every stage.”

The transaction highlights Shoosmiths' ability to support clients through significant real estate, operational and restructuring-related projects, providing seamless advice across multiple practice areas to deliver strategic outcomes in complex market conditions.