Lloyd Motor Group has acquired Stratstone Tyneside BMW & MINI, now renamed Lloyd North Tyneside BMW & MINI, effective 29 October.
Located just outside Newcastle on Silverlink Shopping Park, customers can visit the newly acquired centres on Bittern Close, Silverlink Park, NE28 9ND.
Lloyd Motor Group’s MD, Sam Lloyd, said: “We are thrilled to add such an exciting location to our portfolio and further consolidate our position in the North East and the surrounding area.
“We are proud of the service we offer and look forward to delivering it to an even broader audience.
“We are delighted to take over the business from Stratstone. We hope to continue their good work and can assure existing customers that they will be well looked after by our team. We want to thank Stratstone and wish them the best in future projects”.
Following the acquisition, 57 new colleagues join Lloyd Motor Group and 18 new jobs will be available. This includes the role of head of business who will oversee operations across the North Tyneside business.
BMW franchise director for Lloyd Motor Group, Gary Bingley, added: “We can’t wait to get into our new location and show customers, old and new, what Lloyd Motor Group is all about.
“Thanks to our existing BMW, MINI, Bodyshop and Select operations, we already have a strong relationship with the people of the North East, and we very much see this as an opportunity to further root ourselves into the area.
“We have ambitious growth plans and are thrilled to be creating new jobs and providing opportunities in the region”.