Car park in the context of "Lot (real estate)"

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⭐ Core Definition: Car park

A parking lot (North American English) or car park (British English), also known as a car lot, is a cleared area intended for parking vehicles. The term usually refers to an area dedicated only for parking, with a durable or semi-durable surface. In most jurisdictions where cars are the dominant mode of transportation, parking lots are a major feature of cities and suburban areas. Shopping malls, sports stadiums, and other similar venues often have immense parking lots. (See also: multistorey car park)

Parking lots tend to be sources of water pollution because of their extensive impervious surfaces, and because most have limited or no facilities to control runoff. Many areas today also require minimum landscaping in parking lots to provide shade and help mitigate the extent to which their paved surfaces contribute to heat islands. Many municipalities require a minimum numbers of parking spaces for buildings such as stores (by floor area) and apartment complexes (by number of bedrooms). In the United States, each state's department of transportation requires a fraction of lot spaces to be reserved for people holding a disabled parking permit. Modern parking lots use various technologies to enable motorists to pay parking fees, help them find unoccupied spaces and retrieve their vehicles, and improve their parking experiences.

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👉 Car park in the context of Lot (real estate)

In real estate, a land lot or plot of land is a tract or parcel of land owned or meant to be owned by some owner(s). A plot is essentially considered a parcel of real property in some countries or immovable property (meaning practically the same thing) in other countries. Possible owners of a plot can be one or more persons or another legal entity, such as a company, corporation, organization, government, or trust. A common form of ownership of a plot is called fee simple in some countries.

A small area of land that is empty except for a paved surface or similar improvement, typically all used for the same purpose or in the same state is also often called a plot. Examples are a paved car park or a cultivated garden plot. This article covers plots (more commonly called lots in some countries) as defined parcels of land meant to be owned as units by an owner(s).

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Car park in the context of Stuttgart Airport

Stuttgart Airport (German: Flughafen Stuttgart) formerly Flughafen Stuttgart-Echterdingen (IATA: STR, ICAO: EDDS) is an international airport serving Stuttgart, the capital of the German state of Baden-Württemberg. It is christened in honor of Stuttgart's former mayor, Manfred Rommel, son of Erwin Rommel, and is the sixth busiest airport in Germany with 11,832,634 passengers having passed through its doors in 2018. The facility covers approximately 400 hectares (1,000 acres), of which 190 hectares are green space.

The airport is operated by Flughafen Stuttgart GmbH (FSG). It goes back to Luftverkehr Württemberg AG, which was founded in 1924 and initially operated Böblingen Airport. Since 2008, 65% of the operating company is owned by the state of Baden-Württemberg and 35% by the city of Stuttgart. It is located approximately 13 km (8.1 mi) (10 km (6.2 mi) in a straight line) south of Stuttgart and lies on the boundary between the nearby town of Leinfelden-Echterdingen, Filderstadt and Stuttgart itself. In 2007, the Messe Stuttgart convention center – the ninth biggest exhibition centre in Germany – moved to grounds directly next to the airport. Additionally, the global headquarters for car parking company APCOA Parking are located here.

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Car park in the context of APCOA Parking

APCOA Parking AG (APCOA) is Europe's longest-established full service parking management company. Headquartered at Stuttgart Airport, in Germany, it manages over 1,400,000 parking spaces across 13 countries, and employs approximately 4,500 people.

On February 7, 2024, it was announced that Strategic Value Partners had completed its acquisition of the company.

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