Business and Finance Business and Finance
Tue, January 10, 2012
Mon, January 9, 2012

Greenscape's Canopy Parking Hits New Occupancy Highs Amidst Continuing Healthy Growth


Published on 2012-01-09 12:50:37 - Market Wire
  Print publication without navigation


January 09, 2012 15:45 ET

Greenscape's Canopy Parking Hits New Occupancy Highs Amidst Continuing Healthy Growth

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 9, 2012) - Greenscape Capital Group Inc. (TSX VENTURE:GRN) -

Announcement Highlights:

  • Canopy Parking facility continues to show growth above budget on both occupancy percentage and revenue
  • Occupancy ranging from 92% to 100% experienced on a variety of days during American Thanksgiving and Christmas season at the 4,200 stall green parking facility
  • Average occupancy & revenue figures for a slow month like November were higher than the seasonally busy summer month of August

Greenscape Capital Group Inc. ("Greenscape") is pleased to announce that its green-parking related investment, Canopy Airport Parking ("Canopy") continues to outperform budgeted numbers on both the occupancy and revenue fronts.

Given the seasonality of travel that usually affects airport-type parking facilities, the fact that average occupancy and revenue numbers for the month of November, 2011 were higher than they were during the month of August, 2011, is extremely encouraging for the prospect of continued growth.

On both occupancy and revenue, as of the end of November 2011, the positive spread between actual performance over budgeted figures is increasing.

Finally, as a further indicator of excellent growth, Canopy achieved record daily occupancy percentages during the American Thanksgiving weekend and the recent Christmas season. On a variety of days during those periods, Canopy had occupancy percentages ranging between 92% and 100%, a very significant increase from the previous high of 69% over the Labor Day weekend in September.

About Greenscape

Greenscape Capital Group increases environmental sustainability, social responsibility, and profitability of companies and their operations. Greenscape is focused on dramatically increasing the profitability of commercial facilities through enhanced energy efficiency and environmental best practices. When opportunities arise, Greenscape also invests in other companies that operate in the environmental space, providing strategic capital and business advisory services to assist companies in achieving their environmental and corporate goals. [ www.greenscapecapital.com ]

ON BEHALF OF THE BOARD

Mark Devereux, CEO and Director

Disclaimer for Forward-Looking Information

Certain statements in this release are forward-looking statements. Forward-looking statements consist of statements that are not purely historical, including any statements regarding beliefs, plans, expectations or intentions regarding the future. Such statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements. No assurance can be given that any of the events anticipated by the forward-looking statements will occur or, if they do occur, what benefits the Company will obtain from them.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.



Contributing Sources