Stoneacre Motor Group has taken a step towards obtaining a building permit to create a new Volvo Car UK dealership in Sunderland.
The Volvo two-story showroom of the Thorne AM100-based retail organization has won a tip for the approval of Sunderland City Council by making officer plans.
Getting the go-ahead would be that the group’s Sunderland franchise, which is part of the Mill Garages Northeast acquisition in October 2018, would be upgraded to the latest corporate identity criteria from the Swedish Volvo Retail Experience (VRE) logo.
Aimed at commercial wasteland on Castletown Way, Sunderland, the new facility would provide approximately 18,000 square feet of internal land area and 119 customer parking areas.
The new concession is expected to create 23 jobs.
A report produced through the development of plans stated: “The proposed auto showroom would be largely compatible with the adjacent uses and location on a major highway.
“So it is that the progression plan output in relation to the key employment domain plan policy designation would be largely compliant and the proposed progression precept would also be suitable for the site.”
The Sunderland Planning and Roads Committee (east) should review Stoneacre’s plans (September 4).
Last month, Stoneacre increased its presence in the Northeast and continued to exceed its profit expansion target of one billion pounds with the acquisition of car dealership organization Hodgson Newcastle.
It acquired a percentage of one hundred percent of Hodgson’s profits of 76.8 million pounds (2018) with the transaction, adding the Toyota franchise to its OEM brand list by taking ownership of the group’s Mazda, Suzuki and Toyota dealerships in Silverlink Newcastle and mazda and Toyota facilities.gateshead.
The move has increased the group’s presence in the Center of Gateshead-based Vertu Motors, where Stoneacre founder Richard Teatum invested more than 3 million pounds with a percentage acquired this week.
Commenting on the decision, ASE Global President Mike Jones said the investment was a “smart investment in an undervalued asset” and wondered if it could, in fact, be an indication of a long-term merger between Vertu and Stoneacre.
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