Property specialist Knight Frank has recruited Alastair Coates as a partner and Richard Syers as part of efforts to strengthen its position as a leader in the automotive market.
The franchised dealer market has seen the highest level of acquisition activity for more than a decade in the last 12 months.
Lightstone Properties has acquired a portfolio of four car dealerships in Bradford and York in what has been billed as the biggest sector deal since Brexit.
Our dealer clients are generally of the view that we will remain in Europe, but that footfall into showrooms is unlikely to be affected either way.
Jardine Motors Group has acquired Collier Motor Group.
Questions have been raised over the future of the Mercedes-Benz Retail Group after it sold off its entire Manchester and Birmingham market area to Hong Kong-based automotive retailer Lei Shing Hong.
A boom in the automotive property market has seen a 30% increase in demand for sites and the highest rate of new build activity since before the recession, it has been claimed.
The last 12 months has seen the largest ever volume of automotive investment transactions, with around £650 million expected to transact by the end of the year.
The BMW Mini dealership, operated by Specialist Cars in Hertfordshire, has new owners.
