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News : Vertu Motors Acquire New Team Valley Headquarters
London, UK, March 11, 2015 -- Motor retailer Vertu is poised to move into new headquarters after sealing a deal on an office building.
Since it was established in 2006 Vertu Motors has successfully executed a "buy and build" strategy resulting in a portfolio of 117 outlets across the UK.
Now the firm has acquired the 23,000 sq ft office building for its UK headquarters in a deal.
Already based at Kingsway North on the Team Valley, Vertu will move into Keelman House later this spring in a move which will bring its central functions under one roof.
Michael Sherwin, finance director of Vertu Motors, said: "We are pleased to have completed this property purchase which will enable us to move quickly from operating our contact centre and head office activities, which are currently spread across four buildings on the Team Valley, into one building.
"This will improve the effectiveness of the group’s central functions, which support the trading activities of the sales outlets across the UK, as well as achieving the cost savings associated with operating from one building rather than four."
Chris Pearson, partner, Gavin Black & Partners who represented Vertu Motors, said: "We were delighted to have acquired this building on the behalf of our client as there was strong interest in the building. The building is now being upgraded and will be a fantastic long-term headquarters building."
Posted by Veronica Silva Cusi, news correspondent
Today's Tip of the Day - Technology
Published: Thursday, March 12, 2015