Parramatta. Premier Parking in administration

Premier Parking (NSW), Australia’s third-largest car parking operator has entered into voluntary administration. The 25-year-old family-owned company operates about 50 car parks around Australia. PPB’s Steve Parbery and Andrew Smith are the administrators. Premier Parking (Victoria) also entered voluntary administration. “Our view is to sell down non-core assets to repay various facilities and recapitalise the business,” Premier MD. Scott Thomas, told The Australian Financial Review.