Savills has acquired Automotive Property Consultancy (APC), the specialist property consultancy dedicated to the franchised motor retail sector.
Established in 2005 by Bill Bexson, APC’s client base includes car dealerships, car manufacturers and financial institutions. At Savills the six-strong APC team will form a new automotive service line providing agency, investment, valuation, consultancy and lease advisory work to clients across the UK.
Siân Tunney, head of the leisure and trade division at Savills, said: “This is an excellent opportunity to establish a new service line that caters to the significant change within the automotive industry. Increasing EV ownership is impacting the use and development of property and together our combined resources will enable new and existing clients to benefit from this specialised expertise.”
Bexson added: “Having developed the business since 2005 it is now the right time to progress to the next step. I am proud of what we have achieved over the past 17 years and I am now excited to give our clients access to greater opportunity and accelerate our work in the automotive industry with the weight of the Savills business behind us.”
