Source - SMW
Marshall Motor Holdings has provided an update on its ongoing portfolio management.

It had completed the acquisition of the business and assets of Leeds Volvo from Harratts Group Ltd for £77,000.

"The transaction is not expected to have a material impact on the Group's earnings in the current financial year," said MMH. 

"It is, however, expected to be earnings enhancing in future years following the planned investment to redevelop the site in line with new Volvo Retail Experience standards and the benefits of being part of a larger Group are realised."

In addition to the acquisition of Leeds Volvo, MMH had also recently completed the sale of a vacant freehold site in Totton, Southampton for £2m.

"This site was acquired as part of the acquisition of Ridgeway Garages (Newbury) Limited announced in May 2016."