Forecourt Trader - 30 years at the heart of the fuel retailing community

14 forecourt sites sold in £30.9m deal

12 January, 2016
Page 4 

A portfolio of 14 petrol stations has been sold to a Middle Eastern investor for 30.9m.

According to Property Magazine International, investment manager Aerium sold the portfolio to Shiekh Ahmed Bin Nasser Al-Thani, who was advised by Investra Capital. The sites are let to Co-operative Group for 12 years generating rent of about 2m a year, and they are operated by Co-operative Group and Petrogas. Aerium said that eight of the sites had recently been totally redeveloped, one had been extended and five refurbished.

Robin Carr, fund manager at Aerium, said: "This is a high-quality portfolio with a strong covenant and the benefit of fixed annual rental uplifts, which will continue to be a sound investment asset while also delivering good-quality, long-term income."





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Weekly retail fuel prices: 10 December 2018
RegionDieselLPGSuper ULUL
East132.41131.92122.99
East Midlands131.66133.08122.31
London132.2955.90132.67122.45
North East131.02133.24120.36
North West131.66130.27121.42
Northern Ireland129.6972.90134.65121.32
Scotland131.73131.43121.43
South East132.6863.90133.14123.11
South West132.1667.90131.56122.81
Wales131.24132.97121.42
West Midlands131.34133.10121.95
Yorkshire & Humber131.2469.90131.77121.51

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