Shoosmiths has successfully advised Lysara on the restructure of its UK car park portfolio following NCP's administration, delivering a complex, cross-practice transaction involving 30 sites across the UK.

Published: 20 August 2026

The properties were fully let to NCP (now in administration). Working closely with Lysara, Shoosmiths helped implement its new long-term strategy, including new leases to Q-Park across 20 sites and management agreements with Apex Parking at a further 10 locations.

The transaction supports Lysara's strategy to strengthen income quality, enhance covenant strength and improve customer experience through investment in operations, technology and future infrastructure. It also provides flexibility for future initiatives, including the potential rollout of EV charging facilities.

The project required a multidisciplinary approach, bringing together colleagues from Core Real Estate, Commercial, Real Estate Litigation, Competition, Employment and Restructuring, as well as Shoosmiths' document automation team. To help manage the scale and complexity of the project and documents involved, the team used Contract Express to automate the preparation of key transactional documents across the portfolio. Working closely with the Fiona Warner and Joanne Bevan, the team utilised Contract Express to improve efficiency, ensure consistency and support delivery within a demanding timeframe, with Q-Park's lawyers specifically commenting on the quality of the documents we produced as a result.

The Shoosmiths team was led by Nathan Rees, Chris George and Kathryn Kinsey, with support from legal advisers from across the firm, including Daniela Porco, Victoria Simpson, Rachael McCallum, Michelle Craven-Faulkner, Caroline Chester, Kieran Henley, Richard Cressell, Nick Wilcock, Emma Shears, Kiran Desai, Jonathan Naylor, and Bethan Moore (and many others too).

Nathan Rees commented:

"This was a highly complex transaction delivered against a challenging and fast-moving backdrop. By combining 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 use of Contract Express enabled us to manage a significant volume of documentation efficiently while maintaining the high standards our clients expect. It's a great example of the value we can deliver when our teams collaborate to solve complex client challenges."

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 deal demonstrates Shoosmiths' strength in supporting clients through significant real estate, operational and restructuring-led projects, as well as the firm's ability to provide seamless advice across multiple practice areas. It also highlights how legal expertise, combined with innovative technology and document automation solutions, can help clients deliver complex projects at pace and scale.