Our Real Estate team, with support from our construction specialists, supported long-standing client, Marshall Motor Holdings Plc, one of the UK’s leading automotive retail groups, on its purchase of the Motorline Holdings Limited group in a £64.5m deal. The deal grew Marshall Motor Group by 48 operating franchises, 9 other trading properties and an additional freehold property for £2.9 million, and granted it options for two additional freehold properties for a further £24.9 million.
The acquisition is in line with Marshall Motor Group’s strategy which includes growing scale with its chosen brand partners; annual revenues are expected to exceed £3bn.
Commenting on the deal Stephen Jones, Group Counsel and Company Secretary for Marshall Motor Group, said: ‘
“The Greenwoods property team, led by Samantha East and Karin Horsley played a pivotal role in our acquisition of Motorline. This was the largest transaction in the sector since our acquisition of Ridgeway in 2016 and was extremely complex from a property perspective, involving over 35 properties, further separate freehold acquisitions and multiple new leases. All of this was achieved in an extremely challenging timetable.
We have worked closely with the Greenwoods Real Estate team for many years and they have supported us on an incredible period of growth in both our business and our property portfolio since our IPO in 2015.”
Head of Real Estate, Samantha East said:
“This was a transaction involving a significant number of properties, we have a fantastic team here at Greenwoods which worked tirelessly to ensure the property elements of the transaction met the tight timescales involved. Congratulations Marshall Motor Group, we are looking forward to supporting you in future stages of your development.“