TMS Group will open a new 34,000 sq. ft. centre following a deal with developer HBD, creating 20 jobs and new apprenticeships at the new Melton Road site.
The circa £11m deal represents the largest investment made by TMS to date, adding a sixth centre to its network across Coventry, Hinckley and Leicester.
The new site will offer Volvo and Kia vehicles alongside a state-of-the-art new servicing centre and customer facilities.
Sustainability will be a key focus in the design and delivery of the project, incorporating a range of features including electrical vehicle charging points.
Justin Sheldon, Head of Region at HBD, said: “This is a sizeable investment by TMS, which will further expand its reach across the Midlands while creating a range of new roles at Melton Road. It’s an ideal location for the new dealership and we look forward to working with TMS to deliver its new centre.”
HBD plans to start on site January 2024, with the new building complete October 2024.
TMS Group is an award-winning family run franchised motor retailer business based in Leicestershire. It represents Volvo in three locations (Leicester, Hinckley and Coventry) and represents Kia in two locations (Leicester and Hinckley), employing 180 people. It was formed in 2006 by Len Hallows, when it purchased the Volvo retailer in Hinckley and has grown substantially in the years since.
HBD is an award-winning developer, part of the Henry Boot Group. It works from seven regional offices across the UK and focuses on urban regeneration, residential and industrial and logistics projects.
This latest deal is led by HBD’s Birmingham office. The team is currently delivering a host of high-profile schemes including SETL and Neighbourhood, mixed use developments located within Birmingham’s desirable Jewellery Quarter district, and SPARK, the regeneration of a former brownfield site in Walsall in partnership with Walsall Council and Homes England.