Cocoon Investment Holdings announces today the launch of Cocoon Parking Solutions Limited, a joint venture with Tel Aviv based company – Lift Parking Limited. It is the first of several new ventures to be launched and managed by Cocoon Investment Holdings this year.
Lift Parking currently designs and sells automated parking systems in Israel manufactured by Tangsshan Parking Equipment Ltd, a major Chinese manufacturer. Now Lift Parking has teamed up with Cocoon to replicate its success in the UK .
“As the price of prime space continues to rise and available space for vehicle parking is squeezed”, says Tim Levy Managing Partner of Cocoon Investment Holdings, “it is more important than ever to harness technology to deliver optimal solutions for developers, local authorities, public bodies and private vehicle owners. Additionally, longer term changes driving the reduction of vehicle use in city centres will require the growth of transport hubs with adequate parking space and smart parking systems, on the periphery of cities. We plan to use our exclusive UK partnership with Asia’s leading car parking solutions company, Tangshan Parking Equipment Co Ltd, to deliver innovative solutions to both developers and local authorities facing both demographic and behavioural changes.”
Ben Rettig, CEO of Lift Parking adds “We are delighted to joint venture with Cocoon Investment Holdings and together deliver reliable, green and cost effective automated parking solutions to the British market. With the team at Cocoon Parking backed up by our own experience and that of our supplier we look forward to working with both business and residential clients in the UK.”