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Property

  • M&O Holloway Road site sold for £7.9m

  • Short leaseback to mid 2006

  • New site acquired on long leasehold for £4.6m providing better facilities and more space

  • Move planned in 2006

  • M&O Bristol dealership closed and site sold

  • Birmingham and Ipswich properties remaining from Components division sale to be sold; lease break points in August 2005

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