CBRE markets leaseholds for Cazoo centres

By automotive-mag.com 2 Min Read

Property consultants CBRE is marketing the leaseholds for 10 Cazoo centres located around the UK.

The sites are located in Birmingham Bristol, Chertsey, Croydon, Edinburgh, Ipswich, Lakeside, Manchester, Northampton and Wembley

“We are delighted to be launching a nationwide leasehold portfolio of ten prime car dealerships.

“The sites are available as fully fitted and operational facilities way of an assignment of the existing leases,” said CBRE director Gerard Kingham on LinkedIn.

Cazoo announced in March it was pulling the plug on used car sales and switching its business model to a marketplace one, like Motors and Auto Trader.

The Cazoo board had been running the rule over the business since early December. Cazoo said the new model will make best use of its platform and  dealers will be attracted by the more than one million customers who visit its website each month.

 

 

 

 

Share This Article
Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *