Autopact - Freehold interest in commercial land in Ferntree Gully, VIC

WA-50018

Autopact Property No. 4 Pty Ltd (the **Acquirer**), a wholly owned subsidiary of Autopact Holdings Pty Ltd (together, **Autopact**), proposes to acquire the 100% freehold interest in the commercial land and buildings at 871–875 Burwood Highway, Ferntree Gully VIC 3156 (the **Property**) from Doidge Property Pty Ltd (the **Vendor**), by way of a contract of sale of land. Autopact operates motor-vehicle dealerships across Queensland, New South Wales and Victoria, supplying new and used vehicles, finance and insurance, and servicing and parts. The Vendor is a passive property-holding entity that does not itself supply vehicles, finance, servicing or parts, and does not operate any motor-vehicle dealership. The Property is currently leased to Ferntree Gully Auto Sales Pty Ltd, another wholly owned subsidiary of Autopact Holdings Pty Ltd and connected entity of the Acquirer, which operates a motor-vehicle dealership at the Property. The lease terms extend to 2044.