Morgan buy back Malvern factory landpublished at 15:21 British Summer Time 13 June 2017
Morgan Motor Company has bought back the land their Malvern factory stands on, the company has announced.
In January 2006 the firm sold the land on which the factory is built to fund product development in a sell and lease-back deal with Stirling Investments.
It says the re-acquisition of the land follows "a successful period of business development and helps to provide stable foundations for Morgan’s future growth plans".
Quote MessageTo now own the land where we create our range of cars is something truly special and the news was welcomed with delight by the whole workforce."
Steve Morris, Managing director