Motor giant snaps up Jaguar site

MOTOR group Vertu has acquired Leeds Jaguar from Inchcape Retail in a £650,000 deal.

The business will be expanding the Farnell group as it looks to develop its representation of Jaguar in the north.

Vertu will operate the business from its current premises before relocating to a newly-developed site alongside its Leeds Land Rover operation.

Robert Forrester chief executive of Vertu said:”We are delighted to be able to announce a further acquisition to augment our Jaguar Land Rover business in the North of England. Leeds Jaguar will complement our award-winning Land Rover operation in Leeds and will strengthen our Farnell brand in the North.

The Jaguar brand is set for significant expansion given the fantastic new models that are being launched, such as the F-Pace. The Jaguar line-up is now more extensive than in its entire history.”