The largest single asset investment transaction in the forecourt sector has just been completed, according to real estate specialist Knight Frank.

Its specialist property investment team and newly formed automotive team have advised a leading fund manager on the acquisition of Woolley Edge Services for over £35m. The facility, run by Moto, occupies a location on the M1 near Wakefield, West Yorkshire.

The acquisition follows a spate of activity in the sector in recent years, with more than £250m of investment assets traded in 2013.