Monday, 6 February 2012

Volkswagen Group UK (Pictured) has sold off two development sites in Northampton Leicester and a car showroom in Stoke-on-Trent.

Colliers’s automotive and roadside team in Birmingham advised the company on the disposals.

In Northampton car dealership group Bristol Street Motors bought 4.25 acres of land where it plans to build a new showroom following the acquisition of the Vauxhall dealership business in Northampton from W Grose.

In Stoke-on-Trent,  Staffordshire-based Randles Motor Group has acquired a 13,000 sq ft former Audi showroom to add a Suzuki dealership to its exisiting Peugeot business, which adjoins the site.

In Leicester, Volkswagen UK sold off a 2.7 acre site to a property company.

John Roberts, a director in Colliers’ automotive and roadside team, and associate director Ben Briant, advised Volkswagen on the deals.

Roberts said: “The three deals illustrate the ongoing churn within the automotive sector and that demand for well located sites remains strong.”

(Photo: Google Maps)