Friday, January 14, 2011 Dilawri Group acquires 401 Dixie Mall
 Changes are coming in Mississauga, Ontario. 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 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.
Dilawri Group plans to launch the 401 Dixie "enhancement plan", scheduled to commence in spring 2011 with an estimated renovation budget reaching $12 Million.
|