LONDON AIRPORT PARKING - Cloud Object Storage | … ˙ DDDELIVRNVG ESUT 5 DELIVERING SUSTAINABLE PROPERTY INVESTMENTS… Park First own and manage over 19,000 off-airport car parking

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London should rightfully be regarded as the best big city on earth. Historically, it has enjoyed excellent international air links.

Without these London would not have retained its place at the heart of global business nor would it have developed the distinctive cosmopolitan culture which attracts people of energy and talent from around the world.

Even today, no other city even approaches London in terms of the volume of passengers handled at its airports every year.

Boris JohnsonUK Foreign Secretary - 2016

a Group First company

www.parkfirst.comPark First - London Airport Parking ©2016

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DELIVERING SUSTAINABLE PROPERTY INVESTMENTS…Park First own and manage over 19,000 off-airport car parking spaces across the UK based at major international airports.

Our holdings are concentrated at London Gatwick Airport, London Luton Airport and Glasgow International Airport. With plans to expand into London Heathrow Airport, London Stansted Airport, Birmingham Airport and Manchester Airport. Park First has a total portfolio value of over £300 million.

Our specialist teams have a proven track record in delivering high quality sustainable commercial property investments. Within the last three years we’ve purchased 10 airport parking companies, these include… Speedpark, Parksafe, Skyport, Direct Parking, Park’n’fly, Airportparkandride.com, Parkfast, Swiftpark, Help-Me-Park & Cophall Airport Parking.

We have created over £76 million worth of capital growth along with over £41 million already paid in rental income to our commercial property investors. *All of our year 3 investors at airport car parks are now enjoying 10% returns after receiving a guaranteed yield of 8% for years 1 and 2. This return is now also guaranteed at 10% for year 4.

Investors can be assured that Park First’s management team are taking care of their airport parking investments on the ground, 365 days a year.

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LONDON AIRPORTS HANDLE 40% MORE TRAFFIC THAN ANY OTHER AIRPORT WORLDWIDELondon Luton Airport was the fastest growing major UK airport in 2015 and investment is currently in progress to provide a 50% capacity increase to 18 million passengers by 2020.

100% build complete on all projects, with no off-plan development risk. Our airport car parks have been operating for up-to 32 years and have already become proven income producing assets. All of the car parks we purchase under go a major refurbishment program to the highest standards.

0% debt on financing across the board. Park First has no bank debt or financing of any kind, we are 100% self funded, giving peace of mind to our investors. We have invested over £6 Million into new parking technology including, the latest ANPR systems, state of the art internal CRM systems, on-site touch screen technology and the latest in CCTV and monitoring security.

With all this growth and investment Park First are proud to be changing the face of airport car parking across the UK.

StanstedLONDON

45 MINS*

GatwickLONDON

30 MINS*

City AirportLONDON

22 MINS*

LutonLONDON

22 MINS*

HeathrowLONDON

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PROVEN INVESTMENT OPPORTUNITYPark First is the name behind a unique commercial property investment opportunity designed to meet the needs of today’s savvy investors. We believe it’s low risk and highly profitable, with a low entry level which makes profiting from this lucrative asset accessible to all.

Never before have single parking spaces been available to buy in a car park immediately adjacent to London Luton Airport – traditionally, only the super-rich could invest in entire car parks.

Airport car parking provides higher yields than other traditional buy-to-let investments. The scale of popularity and the rise of interest in car park investments are exemplified by the global market size, estimated by Frost and Sullivan to be $100 billion.

Investors worldwide understand the need for airport car parking – it’s a simple and extremely profitable concept. With many car parks operating at full capacity on a daily basis, this investment is proving as popular as it is lucrative.

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HIGH YIELDS & CAPITAL GROWTH Parking for air travellers has long been a highly coveted investment. Park First is proud to make available to all with individual spaces available to purchase in a car park immediately adjacent to London Luton airport from just £25,000.

Single or multiple parking spaces are available to purchase, which provide a guaranteed rental return within the first two years of 8% per annum. All parking spaces carry with them title deeds, registered at the UK Land Registry in your own name or that of your company.

London Luton Airport is expanding rapidly, faster than any other major UK airport. The airport’s future growth is assured by the massive developments in global air travel that we are seeing every day. Long stay car parking at London Luton Airport is an excellent commercial property investment and a lucrative way to diversify your investment portfolio.

Park First has acquired Help Me Park, a company established for 10 years and is proud to bring this brand leading meet and greet parking service to London Luton Airport together with our other 30 year brand Cophall Parking which provides a park and ride service.

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ABOUT HELP ME PARKPark First is operating the leading airport meet and greet brand Help Me Park at London Luton Airport.

Operating long stay airport car parking spaces, Help Me Park has been servicing airports for more than a decade, parking thousands of cars every year and leading the way for customer service excellence.

Established in 2005 by business partners Barry Babister and Sean McCarthy, Help Me Park is a recognised brand airport customers know, love and trust to take care of their vehicle while they jet off on business trips, short breaks and holidays.

Part of the Approved Parking Scheme, Help Me Park is also Park Mark approved for customer peace of mind. Help Me Park is the preferred parking firm for leading hotel chains including Sofitel and Hilton.

Park First is the driving force behind Help Me Park, working in partnership with the airport car parking experts to enable our investment customers to profit from this amazing opportunity.

Park First and Help Me Park are changing the face of UK airport parking with round-the-clock service, luxury fit outs, 24/7 CCTV, high spec security systems and sophisticated online booking software, promising customers a premium service from start to finish.

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ABOUT COPHALL PARKING Park First is dedicated to providing customers with exactly the car parking service they require. We acquired Cophall Parking, an award-winning family business with three decades’ experience in sophisticated car parking solutions at London airports.

Park First are pleased to offer Cophall Park and Ride at London Luton Airport. 24/7, 365 days a year, Cophall provides premium parking services at affordable rates, focussing on fantastic service with no hidden charges and no extra admin costs – just award-winning service with a smile.

Our stylish minibuses run round-the-clock to transport our customers right to London Luton terminal. Speedy check-in with Cophall Luton Parking means no waiting. If we’re not already there on your return, a quick call will see us arrive in less than three minutes.

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THE MASTER PLANLondon Luton Airport is the UK’s fifth busiest airport with more than 12 million passengers in 2015 and a 50% increase to 18 million customers expected in the next four years. All UK airports are experiencing heavy passenger traffic as we travel more frequently – London Luton Airport particularly so as the UK’s fastest growing major airport in 2015.

The airport was recognised as an integral part of the London airport system in 1978 and has expanded dramatically in recent years with the growth of both scheduled and holiday destination flights.

A massive investment programme is currently underway at London Luton Airport to support a planned 50% increase in the number of passengers within the next four years. The investment includes a complete terminal redesign, a new passenger transit system to leading world standards at a cost of £260m, an upgraded security area to speed up passenger processing and a doubling of retail space.

The planned increase of six million passengers will enable London Luton Airport to handle an additional 45,000 flights per year – more than 120 additional flights every day.

London Luton Airport is headquarters to EasyJet, the world’s 10th largest airline which has purchased sufficient space for a 20 year expansion plan, and is an operating base for Monarch, Ryanair and Thompson Airways. The airport serves 174 destinations from 18 airlines of which six were new to the airport in 2015. Scheduled routes include New York, Copenhagen and Vienna.

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passengers are travelling on business

2 in 10

UK Business

11%

Male 50%: Female 50%Passenger Profile

ForeignBusiness

5%

Passengers arrive at Luton by

Taxi/Minicab

13%

Other

1%

UK Leisure

65%

Bus/Coach

14%

Car

55%

Rail

17%

ForeignLeisure

19%

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Fastest growing major UK airport.

Double digit growth every month in 2015.

Fifth busiest UK airport.

Six new airlines, 20 new routes in 2015 including New York, Copenhagen and Vienna.

European and transatlantic routes serving 174 destinations including Asia and North Africa.

Headquarters of EasyJet, the world’s 10th largest airline.

Base for Monarch, Thompson Airways and Ryanair.

Three dedicated private jet terminals.

FACTS AND FIGURES12 million Number of passengers who travelled through London Luton Airport in 2015

18 million Forecast passengers by 2020, a 50% increase on 2015

32,000 Over 32,000 passengers fly from London Luton Airport every day

22 minutes From Central London

22 million people Within a two hour drive

£1.5 billion Luton Town Investment and redevelopment programme announced April 2016

2,000 Parking Spaces For sale by Park First immediately adjacent to London Luton Airport (2016)


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FACTS AND FIGURES£110m investment To increase passenger capacity 50% by 2020

Complete terminal redesign To create quick, efficient, convenient and friendly passenger experience

£260m investmentIn new passenger transit system to leading world standard

200% increase In London Luton Airport retail shopping area

Upgraded security To speed up passenger screening

New Aspire executive lounge With free WiFi, delicious food and drink, quiet work areas, state-of-the-art Spa

Over 1/3 of the UK population live within a 2 hour drive of London Luton AirportRAC Report On Motoring 2014

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22 million people live 2 hours away Only 22 minutes to LONDON

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LONG STAY SECURE AIRPORT CAR PARKING, IN CLOSE PROXIMITY TO LONDON LUTON AIRPORT.

CAR PARKING SPACES WHICH HAVE BEEN SERVING LONDON LUTON AIRPORT HAVE NOW BEEN RELEASED FOR SALE.

Car parking specialists Park First are proud to have acquired 2,000 spaces in very close proximity to London Luton Airport.

Part of the Group First Global network of property companies, Park First offers investors the chance to purchase an airport parking space in a prime location. With prices from just £25,000 and guaranteed yields of 10% in years one and two, we feel this represents an excellent income producing buy-to-let property.

Airport car parking is a solid mainstream commercial property investment. It comes firmly within HMRC’s definition of what is suitable for SIPP (Self-Invested Personal Pension) investment and carries with it the benefit of having its own registered 999 year lease (title-deed) at the UK Land Registry. Each investor will receive their own personal property title deed following completion. Park First Luton’s airport car park received full planning permission to become a major car park in 1999.

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INVESTMENTHIGHLIGHTSEXCELLENT CAPITAL VALUE FROM DAY ONE.

Based on the lucrative 10% guaranteed rental return, Park First has commissioned a valuation from an independent RICS surveyor, valuing individual car park spaces at a minimum of 25% above the investor purchase price paid. The valuation is available upon request.

In anticipation of huge demand and to be fair to all, each investor at our new site adjacent to London Luton Airport may purchase a maximum of two airport car parking spaces.

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6-YEAR LEASE IN PLACE FROM COMPLETION GIVING EXCELLENT GUARANTEED RETURNS.

A six-year leaseback of the car parking space(s) will be in place upon completion. The lease guarantees rental income for the first two years at 10% per annum. This guaranteed income becomes immediately available after your stage-one contract is completed.

Projected returns rise to 11% in years three and four and then 12% in years five and six. By agreement, the investor and Park First can call for the lease to be ended on the second and fourth anniversaries should they wish to do so.

The leaseback also carries a option-to-renew at the end of the six year term, which if taken gives the investor a further six years, mirroring the initial lease and income it produced.

The six-year leaseback agreement is also noted at the UK Land Registry, giving comfort to the investor and Park First alike. Proof of registration at the UK Land Registry will be sent to the investor after completion.


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ESTABLISHED MARKET WITH GUARANTEED RETURNS AND PROJECTED INCREASES IN RENTAL INCOME.

The past three decades have seen phenomenal growth in air travel as it has steadily become quicker, cheaper and more convenient to passengers.

With combined guaranteed return of 20% for the first two years of your investment and a projected 25% rise in capital value, investors are off to a fantastic start.

At the same time, we are offering end-user customers a competitively priced premium airport parking experience, which is safe and secure.

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NO VAT CHARGED ON RENTAL INCOME

Park First’s investors are not obliged to charge VAT to their customers (under current UK law) unless their income from the rentals exceeds the threshold (currently £82,000 p.a.). The large national airport parking companies must charge VAT as their income exceeds the threshold.

Our investors are therefore able to offer tenants a lower and more attractive rental deal, or simply make 20% more profit than their competitors should they wish to do so.


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NO EXPENSE SPARED WITH A TOTAL REFURBISHMENT UNDERWAY AT PARK FIRST LUTON’S SITE.

An estimated £2 Million refurbishment of the airport car park is currently underway at Park First Luton’s new site. New surfacing, fencing and reception buildings are all planned. The latest technology is also being installed, introducing automatic number plate recognition systems, top of the range CCTV security, along with new drop off and pickup locations in order to operate a first class airport parking experience.


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DEVELOPER BUY-BACK OPTION WITHIN YEAR 5 OF PROPERTY OWNERSHIP

On the fifth anniversary of the ownership of your airport car parking space, you will be given the opportunity to request that we buy back the property from you. Subject to terms and conditions, Park First may purchase the parking space back from you for the original price paid. Park First would then have full rights to sell on the property at a profit or the hold the asset while letting it out to create more rental income.

In addition to the above buy-back option, Park First is committed to working with you to ensure you enjoy the best possible investment experience. Therefore Park First will also look at a buy-back where extenuating circumstances exist such as, death, incapacity and financial difficulty.


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AIRPORTS ARE CREATING THE FASTEST GROWING DEMAND FOR CAR PARKING THROUGHOUT THE UK.

AIRPORT PARKING IS SET TO BECOME A HIGH YIELDING FORM OF COMMERCIAL PROPERTY WITH FAST CAPITAL GROWTH.

Airport parking in the UK is officially the most expensive in the world. Urban centres have plummeted in popularity as out-of-town developments, retail parks and supermarkets promise free parking all day and offer everything in one handy location.

In contrast, airport car parking has seen incredible growth in the past ten years and the demand shows no sign of slowing down. Airport car parking is the only type of parking investment, where demand continues to soar and prices adapt to stay competitive.

London Luton Airport is expanding rapidly and is expecting 18 Million passengers through its doors by 2020. This expansion creates a massive extra demand for airport parking.

As a tangible asset, parking spaces are a stable investment even in times of general market instability, as their value is not directly connected to the general stock market fluctuations.

Park First is proud and excited to be in the unique position to release the first genuine, low entry-level airport parking investment in very close proximity to London Luton Airport.


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OPTIONS AVAILABLE TO INVESTORS AFTER THE 6-YEAR LEASEBACK COMES TO AN END.

Park First believes this is strong commercial property investment opportunity. There are many options open to investors once the guaranteed lease period comes to an end.

Multiple options available include…

Negotiate a new lease term. Park First would be happy to look at possibly extending the leaseback already in place once it comes to an end. Other airport parking/supplier companies may wish to rent your parking space exclusively on a longer-term basis, typically from 1 year up to 10 years.

Use an individual or multiple parking management agent(s) to let out and manage the letting of your parking space(s). Park First will share information and results on the top ten managing agents we use to create our own bookings whilst we are still under the leaseback term, you can then negotiate terms of business with them directly yourself, or Park First’s after sales team would be happy to do this on your behalf, on an individual basis.

Use your parking space exclusively for your own parking requirements. As the operational services are all taken care of by the service charge you pay, simply use your parking space for family or friends at any time you like with exclusive easy access. While you will not receive rental income from your asset it should continue to appreciate in capital value.

Sell your parking space. Park First will help to resell your parking space at your request, at any time during your ownership subject to a 5% commission. We will market the parking space to potential buyers with a view to obtaining the best possible price for your investment. Other commercial estate agents also offer this same service, which you are of course free to instruct.


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What is the capital cost?The market valuation of one car parking space is £37,500. Parking spaces are sold below market value, giving capital growth from day one. You pay £25,000 and receive an asset valued at £37,500.

We believe airport long stay parking spaces are the most cost-effective parking facilities producing the highest yields on the market today. Multiple parking spaces can be purchased using one Land Registry ‘Title Deed’. This saves on completion costs on larger property investment portfolios.

What rental income can I expect?

When can I expect rental reviews to take place?

Is there a single title deed?

Is this a leasehold or freehold property?

Parking space rental starts at £75 per week. This produces a guaranteed 10% yield on your investment within the first two years per annum. This then is predicted to rise to 11% return in years three and four then projected to surpass 12% return in years five and six.

Rental reviews take place every two years.

Yes, as with all UK property purchases you will receive the ‘Title Deed’ registered in your name at Land Registry after completion.

Parking spaces are sold as a 999-year long leasehold property (banks consider anything over 100 years equivalent to owning a freehold).

FREQUENTLY ASKED QUESTIONS

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What costs will I incur when my parking space is let with Park First Management (PFM)?

What costs will I incur if my parking space is vacant?

Where do parking spaces fit within my investment portfolio?

A 15% management charge will be deducted from the rental income received. Annual service charge will be invoiced and payable per annum. The annual ground rental charge is also payable.

Full details of all these charges and the rental returns are outlined in our current price list.

All percentage returns are quoted after management and service charges have already been deducted. Please refer to the price list within this brochure for a full detailed breakdown. Investors are free to let or manage their own spaces at any time using any agent they choose.

You will incur no management fees while your parking space is empty. The only fee you will incur is your annual service charge and annual ground rental.

A parking space is a long term asset backed income generating commercial property, which has excellentprojected capital growth. Parking spaces underpin and help diversify any investor’s future investment portfolio.

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LLA Main Car Park7 mins - 1.4 mile

Airparks Services Car Park11 mins - 4.2 mile

Park First Car Park4 mins - 1.2 mile

LUTON AIRPORT

Airport transfer times

7 mins

4 mins

11 mins

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Number of Market Sale Stamp Rental Ground Management Service Net RentalParking Places Value Price Duty Income Rent Fee Charge Return(Luton Long Stay Parking) (Per Parking Space) (Per Parking Space) (0 under £150k) (£75 Per Week) (Per Annum) (15% Per Annum) (Per Annum) (10% Guaranteed)

Car Parking Space x 1 £37,500 £25,000 £0 £3,900 £150 £585 £665 £2,500

Car Parking Space x 2 £75,000 £50,000 £0 £7,800 £300 £1,170 £1,330 £5,000





Park First Ltd Market Investor No Duty Total Cost Cost Cost Net Value Price Payable per Annum Income Returns for years one, two are paid annually in advance. Projected returns thereafter are paid annually in arrears. Figures are shown for illustration purposes. All agreements are subject to contract.

PRICE LIST YEARS 1&2Based on an 10% guaranteed return per annum.

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T The attraction of UK commercial real estate is that you get capital growth and income return– Matt Oakley, head of commercial property research for Savills.









Park First Ltd Market Investor No Duty Total Cost Cost Cost Net Value Price Payable per Annum Income Returns for years three and four can be paid annually. Projected returns thereafter are paid in arrears. Figures are shown for illustration purposes. All agreements are subject to contract

PRICE LIST YEARS 3&4Based on an 11% projected return per annum.


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Commercial real estate offers diversification, income, inflation protection and expected capital appreciation over the long term.Morgan Stanley Capital InternationalP

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Park First Ltd Market Investor No Duty Total Cost Cost Cost Net Value Price Payable per Annum Income Returns for years five and six can be paid annually. Projected returns thereafter are paid in arrears. Figures are shown for illustration purposes. All agreements are subject to contract

PRICE LIST YEARS 5&6Based on an 12% projected return per annum.


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Documents

LONDON AIRPORT PARKING - Cloud Object Storage | … ˙ DDDELIVRNVG ESUT 5 DELIVERING SUSTAINABLE PROPERTY INVESTMENTS… Park First own and manage over 19,000 off-airport car parking