Dilawri Group of Companies adds Mississauga's 401 Dixie Auto Mall to its property portfolio with plans for extensive renovations

Thursday, 13 January 2011 14:58

Automotive

TORONTO, Jan. 13 /CNW/ - 401 Dixie Auto Mall, the retail "auto campus" located at 5500 Dixie Road in Mississauga, has been purchased by Dilawri Group of Companies from ING Real Estate. A dynamic family-owned company, Dilawri Group is comprised of an expanding real estate division, investment holdings and 36 automobile dealerships across Canada.

"As long standing tenants of 401 Dixie Auto Mall and with over 20 years of success in the retail automotive industry, we immediately recognized our unique position to maximize the mall's potential for growth and seized the opportunity to purchase," says Kap Dilawri, of Dilawri Group of Companies.

The 30 acre site housing 243,841 square feet of property is comprised of 10 automobile dealerships, including: Ideal Honda, 401-Dixie Nissan, 401-Dixie Infiniti, Dixie Toyota, 401 Dixie Suzuki, 401 Dixie Hyundai, 401 Dixie Kia, and Dilawri Group's owned and operated Dixie Mitsubishi, Ontario Mazda and their newly opened 401 Dixie Volkswagen; slated to become one of Volkswagen's largest, premier "New Image" locations within the GTA.

Conveniently located just off the 401 in Canada's 6th most populous city, the auto campus also houses a variety of restaurant chains including Kelsey's, Montana's, Subway / New York Fries, A&W / Country Style Bistro Deli and Teriyaki Experience, along with an Enterprise Rent-A-Car and an industrial building.

Opened in 1988, 401 Dixie Auto Mall was originally designed to become Mississauga's ultimate destination for retail automobile shopping, and according to Dilawri, the group intends to fully realize the mall's initial vision with aggressive renovation and expansion plans. "In addition to our immediate plans to enhance the property with up-dated signage and new energy efficient lighting, we are in the midst of partnering with our tenants to revitalize the auto mall with a more contemporary look and feel to make it the premier choice of consumers in the market to purchase a vehicle."

Dilawri Group's 401 Dixie "enhancement plan" is scheduled to commence in spring 2011 with an estimated renovation budget reaching $12 Million.

ABOUT THE DILAWRI GROUP

Dilawri Group of Companies includes a real estate division, investment holdings and 36 automobile dealerships in British Columbia, Alberta, Ontario and Saskatchewan. With over 1500 employees and a reputation for excellence in selling and servicing fine automobiles, the company has earned its place as one of the nation's most respected dealership groups. For more than two decades, the Dilawri Family led by brothers Ajay, Tony and Kap, has shown a deep commitment to supporting communities across Canada, with donations totaling in the millions of dollars. In 2002, the family established the Dilawri Foundation to oversee the family's philanthropic activities.