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Birmingham Post
Birmingham Post
Business
Jon Robinson

Car dealership giant Lookers nets £28m by selling Battersea site

Lookers Battersea

Car dealership giant Lookers has secured a £28m boost after completing the sale and lease back of a site in Battersea, London.

The Greater Manchester-headquartered group has agreed the deal with Urban Logistics, which is also listed on the London Stock Exchange.

Lookers has a 20-year lease for the property at an initial rent of £1.25m per annum.

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