Malice, removing parking location (4)
I believe the answer is:
site
'location' is the definition.
(site is a kind of location)
'malice removing parking' is the wordplay.
'malice' becomes 'spite' (spite is a kind of malice).
'removing' is a deletion indicator.
'parking' becomes 'p' (abbreviation on road signs).
'spite' with 'p' removed is 'SITE'.
(Other definitions for site that I've seen before include "station" , "Locate - place" , "Locate, position" , "Situation (of a building)" , "Location (of building, dig etc)" .)