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Citygate to develop Seat and Skoda franchises on former Jardine JLR site

Citygate's proposed Skoda and Seat franchise site in Slough

Citygate is planning to develop new Skoda and Seat dealerships in Slough after acquiring Jardine Motors Group's former Jaguar Land Rover site on Bath Road.

The property consists of a 24,000 sq ft showroom on a 1.32 acre site and will be extensively refurbished by its new owners.

Jardine operated the site previously and has now moved its Jaguar Land Rover dealership to a larger 40,000 sq ft purpose-built premises on Leigh Road, Slough.

Rapleys oversaw the sale of the site to Citygate in a move for the property which it said had "generated a large amount of interest from existing and alternative business uses and for redevelopment".

After a second round of bidding the property was sold for “well in excess of the quoting price of £5 million”, a statement from Rapleys said.

Daniel Cook, partner at Rapleys, said: “We anticipated strong demand for this property and given the presence of many automotive brands in the area we suspected that a dealer group might be the ultimate purchaser.

“This clearly shows that in spite of negative headlines about the automotive market in the press, there remains a market for prime freeholds from the sector,” added Mark Frostick, senior associate at Rapleys.

 

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