Helston Garages Group Limited
Sector: Automotive • Location: England, United Kingdom
Source: Financial Conduct Authority (FCA)
Acquisition of Helston Garages Group Limited, a group of 28 franchised automotive dealerships with a freehold rich and well invested property portfolio valued at £66.7 million. The acquisition expands Vertu Motors' footprint in South West England, covering Dorset, Somerset, Devon, and Cornwall. The transaction includes a 20-year mortgage of £74.8 million secured on properties, redevelopment capex
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Participants
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Company | Obfuscated Data |
Status
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Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
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Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | Acquisition of Helston Garages Group Limited, a group of 28 franchised automotive dealerships with a freehold rich and well invested property portfolio valued at £66.7 million. The acquisition expands Vertu Motors' footprint in South West England, covering Dorset, Somerset, Devon, and Cornwall. The transaction includes a 20-year mortgage of £74.8 million secured on properties, redevelopment capex of £7 million for two key locations, and ongoing maintenance capex of £3 million per annum. The acquisition is strategically accretive and financed through renegotiated and new debt facilities. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
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Location
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Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
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