City Auction Group has announced a major investment in its Rockingham facility, which will see the development and restructuring of the 250 acre site, upgrade of auction halls and new HQ offices in January 2019.
Additional services will include vehicle inspection, storage and refinishing opportunities.
The auction firm also plans to move into new regions, with talks already taking place to potentially enter Europe with strategic partner hubs and offer online sale solutions, for both trade and consumer markets.
Michael Tomalin, managing director of City Auction Group, said: “The strategic planning for the change of use at Rockingham, to create the largest automotive and logistics hub in the Midlands and South region, has enabled us to secure our future for the long term.
“We now have the opportunity to redevelop the inner paddock and build a dedicated defleet and vehicle remarketing fortress with sizeable scope.
“The 100-acre premises will provide dual auction lanes for expansion into dealer group part exchange and growth in the LCV and asset management sectors.
“We will also be creating modern new offices, positioning Rockingham as the HQ for our operations in the UK and complementing the Northern Ireland operations in Belfast and Omagh.
“The opening sale event in January 2019 will be very special for City Auction Group, as we develop into a very credible, professional option to the other remarketing brands.”