Very exciting times for Penfold at the moment.
On the 29th of June we take over the Doncaster Hyundai dealership. This is an acquisition we have been working on for some time. It will add another volume brand to our business. It will also provide a long-term site to relocate our Doncaster Volkswagen dealership to. The new Volkswagen facility is still some time away as we will need to go through the planning and rebuilding process to develop a first class dealership.
Recently we also received planning approval for a satellite Audi Dealership in Waverley. This facility will initially consist of a nine bay workshop with capacity for fourteen bays. There will be an eight car showroom, designed in the Audi Terminal style. We plan to have the workshop operational late this year and the showroom in the first half of 2019. This will be a great addition to our Burwood Audi Dealership and provide greater convenience to our customers in the Waverley and surrounding areas.