Australia’s specialist hospital car park owner and developer International Parking Group (IPG) has strengthened its national footprint with two strategic acquisitions across the eastern seaboard, totalling more than $100m.
IPG announced today it has secured the 30-year sublease of a strategic car park asset at Sydney Adventist Hospital (the San), comprising more than 1,500 bays across two multi-deck car park facilities.
International Parking Group CEO Brett Cohen said the transaction marked a significant milestone for the hospital car park specialists – the beginning of the company’s expansion into the private healthcare sector.
“After decades of partnering with governments to support our public hospital network with financing and development, we’re proud to be expanding our portfolio with the San, one of Sydney’s most prominent health precincts and NSW’s largest private hospital.
“Through this project, we’ll be focused on delivering purpose-built, future-ready parking equipment and systems that support the San’s operations, patients and staff,” Cohen said.
As part of the transition, Wilson Parking has been appointed as the day-to-day facility operator, continuing a national partnership with IPG across its broader hospital portfolio.
Hot on the heels of this acquisition is another major car park deal that settled last month servicing the Herston Health Precinct — QLD’s largest healthcare precinct, home to the Royal Brisbane and Women’s Hospital (RBWH) and Surgical, Treatment and Rehabilitation Service.
IPG has secured the 40-year sublease of the premium nine-level Northern Car Park from Australian Unity, with operational handover completed August 5.
“We’re excited to be building IPG’s presence in the largest and most important healthcare precincts in Australia,” Cohen added.
Planned upgrades across both the San and Northern car parks include the implementation of industry-leading licence plate recognition (LPR) technology to streamline access and improve user experience.
The technological enhancements will be rolled out alongside a broader digital transformation focused on convenience for frequent visitors and operational efficiencies.
“Our approach focuses on long-term scalability, innovation and alignment with hospital master plans, while enhancing the day-to-day experience for every user,” Cohen said.
“By investing in smart and sustainable infrastructure, we can help hospitals reduce operational risk and unlock capital, giving our partners confidence, continuity and financial certainty.”
The deals bring IPG’s total assets under management to more than $400 million, including over 12,500 parking bays nationwide.
The acquisitions add to IPG’s growing portfolio of premium healthcare precincts, joining flagship assets like QEII Medical Centre in WA and Metro North Health’s STARS facility in Queensland.
IPG remains Australia’s only dedicated hospital car park developer, owner, and operator, offering end-to-end infrastructure solutions designed exclusively for healthcare.
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