How Cape Town's New Digital Parking System is Changing the Game for Commercial Property

Cape Town, South Africa - Parking in Cape Town is about to get a lot smarter, thanks to a new partnership between admyt and Growthpoint Properties. admyt, known for its digital parking solutions at shopping centers, is now bringing its technology to several key office and mixed-use properties in the city. This expansion is set to benefit business owners, landlords, and property investors in significant ways.

What is admyt?

admyt is a patented, ticketless parking system that uses advanced License Plate Recognition (LPR) and smartphone technology to automatically open booms and process payments. This eliminates the need for paper tickets, queues, and cash, providing a seamless parking experience.

What's New?

admyt's services will now be available at prime Growthpoint buildings, including, Roggebaai Place, The District, River Park, Montclare Place, and the Longkloof precinct. This rollout means tenants and visitors at these locations can expect a seamless and hassle-free parking experience.

Why It Matters

For business owners and tenants, the convenience of a digital parking system can greatly enhance the daily experience. Imagine not having to fumble for change or wait in long queues to pay for parking. With features like scan-to-pay for one-time users and Bay Booking for those who need monthly parking, admyt is designed to make life easier.

Operational Benefits

The introduction of admyt's Central Control Room ensures efficient monitoring and management of parking facilities. This not only enhances security but also reduces operational costs, making it a win-win for property managers.

Driving Innovation

This move is backed by a recent investment from the REdimension Real Estate Technology and Sustainability Fund, which is supported by Growthpoint. This funding is enabling admyt to enhance its services and expand its reach, further solidifying its position as a leader in digital parking solutions.

Devon Beynon, Co-CEO at admyt, shared his enthusiasm for the partnership: "Our collaboration with Growthpoint is about more than just parking. It's about creating a better, more efficient experience for everyone who uses these facilities."

Looking Ahead

The expansion of admyt's services is just the beginning. With plans to extend their innovative solutions to more properties across Cape Town and beyond, both admyt and Growthpoint are set to drive significant changes in the commercial property landscape. This technological advancement promises not only to improve the parking experience but also to add substantial value to properties.

For business owners, and property investors in Cape Town, the introduction of admyt's digital parking solutions represents a major step forward. Enhanced convenience, operational efficiency, and increased property value are just a few of the benefits that come with this new technology. As admyt and Growthpoint continue to innovate, the future looks bright for Cape Town's commercial real estate market.