Berry Group has acquired a former Mazda dealership in Croydon for an undisclosed sum to create a new BMW bodyshop.
The 17,598 sq ft location at 8 Imperial Way in Croydon was sold by national independent property advisors SHW on behalf of an institutional landlord.
Wayne Berry, group chief executive of Berry Group, said: “The purchase of this property allows us to continue our growth trajectory in the South London conurbations and provides us additional facilities for our fast growing BMW franchise.”
Alex Gale, senior partner at SHW, added: “The property – sold with vacant possession - was well positioned to provide options for a variety of occupiers to acquire either leasehold or freehold, and included planning for a change of use and or division of the site.
“We are delighted to have secured the sale to an operator who will capitalise on the strong, visible location, joining a well-established list of occupiers in the area such as Toyota, Lexus, MG, Mazda and Ancaster group."
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Author:
Tom Seymour
Freelance writer
Freelance writer for AM, Tom Seymour has been a specialist B2B journalist covering the automotive sector for over 14 years. He started his freelance career in 2015 and currently writes for a variety of automotive, business and technology publications.
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