Automotive Holdings Group has entered discussions for the sale and lease-back of an existing dealership and two development properties on the east coast, worth a combined $77.5 million, to an undisclosed buyer.
Automotive Holdings Group had employed a consistent approach to buying and integrating dealerships over many years, long-serving director and head of business development Hamish Williams told Business News after his recent retirement.
Australia’s biggest car dealer network, Perth-based Automotive Holdings Group, has lifted half year profit by 17.4 per cent to $45 million, and expects a further boost from low interest rates and fuel prices.
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