Trebor Developments completes Lex Autolease’s New Multi-Million Pound Car Supermarket and Vehicle Processing Centre
Trebor Developments LLP has completed one of the West Midlands’ largest pre-let commercial developments for many years. Lex Autolease, the UK’s largest vehicle leasing company, has taken occupation of the new multi-million pound car supermarket and vehicle processing centre in Coventry, creating 30 new jobs and 150 total employees.
Trebor Developments have delivered a bespoke purpose built site which will house Lex Autolease’s national remarketing operations, processing more than 40,000 company cars that are returned by the company each year following the end of their leasing contracts. Located on Foleshill Road, the ten acre site includes a large car supermarket, offering more than 500 cars for sale to the general public at any one time via the company’s Car Select retail brand.
Tim Porter, Managing Director of Lex Autolease, said: “The new remarketing site is a key part of our growth strategy and represents a significant investment for the business. As an end-to-end vehicle provider, remarketing plays a crucial role, particularly given the large volume of vehicles that are returned to us each year once their leasing agreement ends.
“The savings and efficiencies gained by moving to this new purpose built remarketing facility will ultimately help us offer better value for customers at the front end of the leasing process. We chose Coventry due to its convenient location and excellent transport links.
“This new facility gives us the opportunity to offer quality, used vehicles, to a wider section of potential customers across the West Midlands and beyond. Each week hundreds of cars are returned to us and each one is rigorously tested and inspected. Only the best ones will be sold on the Car Select site.”
Trebor Developments LLP leased the completed turnkey development to Lex Autolease and oversaw the construction of the new site.
Bob Tattrie, Managing Partner for Trebor Developments, commented: “The completion of the development on budget and to an outstanding quality standard is exciting to see, it represents one of the largest pre-let commercial developments in the West Midlands for many years. It has been a pleasure to work with our tenant, Lex Autolease, and funders, LaSalle Investment Management and my thanks go out to our professional team and contractor for enabling us to achieve this outstanding, quality, development within tight timescales.”
Lex completion – June 2014