LCN Capital Partners has emerged as the buyer of a portfolio of Motor-Car Group showrooms in Slovakia and the Czech Republic from Wiesenthal Autohandels. Financial details were kept confidential.
The transaction took place in connection with Wiesenthal Autohandels’ sale of the operational business of Motor Car Group to Hedin Mobility Group in May 2022.
The portfolio, which includes a total of 11 assets, seven in Slovakia and four in the Czech Republic, is being entirely leased back to Motor-Car under a long-term, triple-net lease agreement.
‘We are pleased to have successfully completed the sale of our Motor-Car Group showrooms in Slovakia and the Czech Republic to LCN Capital Partners, as part of our exit strategy. We are confident that our properties are in good hands with a leading real estate investment firm like LCN Capital Partners,’ said Henrik Starup-Hansen, CEO, Wiesenthal Autohandels AG.
‘We are excited by our entry into Slovakia and Czech Republic and the opportunity to partner with Motor-Car and Hedin on these profitable and growing car dealerships. We would like to extend our thanks to the seller for the professional cooperation throughout the entire process,’ said Paolo Rosso, LCN Capital Partners.
CBRE brokered the deal.
