14th Nov 2013 15:03
LONDON (Alliance News) - Car dealer Caffyns PLC Thursday said it will expand its Volkswagen dealership in Eastbourne after buying land adjacent to the existing dealership for GBP750,000 in cash.
Caffyns, which sells and services cars from the VW group, including Skoda and Audi, as well as Jaguar Land Rover and Volvo, operates from dealerships in towns in Kent and Sussex, including Eastbourne, Brighton, Worthing, and Royal Tunbridge Wells.
It said the land it has bought already has a 10,000 square foot commercial unit, which will allow it to expand the dealership's sales and aftersales. It expects to complete the purchase January 10.
Caffyns shares were up 0.5% at 495 pence Thursday afternoon.
By Steve McGrath; [email protected]; @stevemcgrath1
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