- Autosports Group will acquire a Mercedes-Benz dealership in Hornsby, New South Wales for $12.5 million
- The acquisition will increase Autosports’ property portfolio to approximately $31 million
- Autosports will now be the first automotive group representing three key luxury car brands (Mercedes-Benz, BMW and Audi) in the same state
Autosports Group will acquire the Mercedes-Benz dealership property in Hornsby, New South Wales.
The company will purchase the dealership for $12.5 million. The acquisition will increase Autosports’ property portfolio to approximately $31 million.
Autosports will now be the first automotive group representing three key luxury car brands in the same state.
The Mercedes-Benz dealership is located on 120-124 Pacific Highway, Waitara in Hornsby. It sits on 4149 square metres of land in a prominent location.
The dealership was built in 2010 with a high-clearance showroom and a large external vehicle display area. It has a carwash, detailing facilities and customer parking.
Autosports CEO Nick Pagent is pleased with the deal.
“We are pleased to have secured both the Mercedes-Benz Hornsby business and land, particularly in New South Wales where we are the first automotive group representing all three key luxury brands of Mercedes-Benz, Audi and BMW in the same state,” he said.
Autosports is Australia’s largest listed prestige and luxury retail automotive group. Its brands include; Lamborghini, Alfa Romeo, Audi, BMW, Volkswagen, Mazda and many more.
The company commenced operations in 2006 and since then, has grown to 37 retail businesses throughout Sydney, Brisbane, Melbourne and most recently, the Gold Coast.
“We appreciate Mercedes-Benz’s continued support as we deliver on our focused strategy of luxury and prestige vehicles in East Coast metropolitan areas,” Nick added.