JLR 2000

News - 21/12/2020

LSH secure new funding partner for major car dealership

We have advised Hendy Group on the sale and leaseback of the Jaguar Land Rover Southampton Dealership to new investors Paloma Capital

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We have successfully advised family-run business Hendy Group, who has over 60 sites across the South of England, on the sale and subsequent leaseback funding of the Jaguar Land Rover (JLR) Southampton Dealership, by putting in place a funding partner in Paloma Capital.

Working alongside Hendy Group's corporate advisors BDO and solicitors CMS Cameron McKenna Olswang LLP, our South Coast team agreed terms with Paloma Capital to acquire the 56,000 sq ft dealership on 5.25 acres. The deal will run in conjunction with the corporate acquisition of the site from Inchcape. Under tight timescales, the deal was completed last week with both business and customer services remaining unaffected. 

JLR Southampton Interior

Jerry Vigus, Director - Capital Markets and Industrial & Logistics commented:

"Hendy Group has been a long standing client of the LSH South Coast team and we are pleased to have been involved in this project to expand their representation in the region to include this prestigious dealership. All parties worked tirelessly to ensure the deal was completed within tight timescales and our client is looking forward to working with Paloma Capital on this site."

JLR Southampton

 

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