Processing timeline
15
days
Acquirer(s)
AUTOPACT PROPERTY NO. 4 PTY LTD ACN - 697 186 011
Target(s) or Vendor(s)
DOIDGE PROPERTY PTY LTD ABN - 42 167 885 074
Other parties
FERNTREE GULLY AUTO SALES PTY LTD ABN - 82 156 564 224, AUTOPACT HOLDINGS PTY LTD ABN - 88 679 668 850
Autopact Property No. 4 Pty Ltd, a subsidiary of Autopact Holdings Pty Ltd, acquired the 100% freehold interest in commercial land and buildings in Ferntree Gully, Victoria, from Doidge Property Pty Ltd. This property is currently leased to an Autopact subsidiary operating a motor-vehicle dealership. The transaction was structured as a contract of sale of land.
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.