Thirteen BP sites have been put on the market through forecourt property specialist Barber Wadlow.
Adam Wadlow, director of Barber Wadlow, said he was expecting a good level of interest in the sites which are dotted across the country from Scotland down to the south coast of England.
He said: "We have seen large tranches of Esso and Shell sites on the market, but the size of those deals has cut out 90% of the players.
"Small and medium-sized dealers have been starved of opportunities to buy single sites or a small group of sites. These are good oil company sites that are trading well and we’ve been instructed to market them on an individual basis."
Dealers wanting details of the sites will need to sign a non-disclosure agreement and have until Friday July 3 to submit bids. All the sites will be sold with a tie-in to a BP supply deal.
Wadlow said he was looking to conclude the deals in the final quarter of this year.
The move continues a trend that has seen 336 sites transfer from oil company to dealer ownership in the past year, with further divestment due to be completed by Esso and Shell by the end of 2015.
Forecourt Trader’s Fuel Market Review (see page 28) reports that 22 BP sites were acquired by dealers in the past year. Contrary to the trend, however, BP moved ahead strongly with its M&S Simply Food developments, as it acquired seven sites from dealers over the same period.
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