Councils have been called on to convert old car parks into rental blocks.
Property chiefs speaking at the IPD Alternative Real Estate Investment conference in London have said that redundant car parks and office buildings are housing "goldmines" that are ideal for redevelopment, and would allow councils to "enjoy guaranteed long term income without any up front cost".
The call follows a landmark deal in west London that will see a former Kensington car park developed into housing by landlord Grai...
