Wilson Parking New Zealand Limited; Penrith Holdings Limited

After filing Court proceedings in 2018, the Commission reached an agreement with Wilson Parking to divest the leases to operate three car parks. Wilson Parking divested the leases of two carparks but was unable to divest the lease to the Capital Car Park. In the period since Wilson Parking’s acquisition of the Capital Car Park lease, the demand for car parking in Wellington significantly reduced as a result of the COVID-19 pandemic. Given this, and unsuccessful efforts by Wilson Parking and an independent sales agent to divest the Capital Car Park, the Commission agreed that Wilson Parking would be released from an obligation to complete this divestment. Wilson Parking also provided a contribution to the Commission’s costs.