All Property articles – Page 2
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NewsTop 50 Indie Ascona Group bags its 50th site and aims to double total in a year
Top 50 Indie Ascona Group has reached 50 sites in the UK with the acquisition of BP-branded Anker Service Station in Nuneaton, and secured financial backing from Crestline Europe and Nash Business Capital to more than double its portfolio to 120 sites in 2021.
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Freehold of Rowborough Service Station in Cotswolds sold by Christie & Co
The freehold sale of Rowborough Service Station, a Shell-branded forecourt on the A429 between Moreton in Marsh and Shipston on Stour in the Cotswolds, has been completed by specialist business property advisor Christie & Co.
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EG Group marches on with €485m purchase of 285 sites in Germany
EG Group growth continues with the latest agreed acquisition of a network of 285 petrol station forecourts in Southern Germany from OMV Deutschland GmbH, for €485 million.The acquisition will expand EG’s presence in Germany, where EG already operates sites under the Esso fuel brand.
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MFG buys six sites from fellow Top 50 Indie AUK Investments
The number one Top 50 Indies forecourt operator Motor Fuel Group (MFG) has acquired six forecourts in the Lake District from fellow Top 50 Indie AUK Investments.
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Filling station developer raises £16.5m facility from bank for further schemes
A privately owned property company that specialises in developing new petrol filling stations with convenience stores has raised funds to acquire and develop two more sites.
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Feature
UNDER THE SPOTLIGHT: 20 questions for Jason Lowes, Rapleys
Town planning is Jason Lowes’ forte but he has a sense of adventure, loving road trips in the US and is hankering after a trip to Brazil
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Top 50 Indie Ascona Group adds two Welsh Texaco forecourts to its estate
Acquisitive Top 50 Indie Ascona Group has added two forecourts to its estate taking it to a total of 44 operational sites.
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Forecourt values unlikely to be affected by 2030 announcement says Christie & Co
Property advisors Christie & Co have reassured forecourt owners that the new deadline for phasing out sales of new petrol and diesel cars and vans will have a negligible impact on the value of their investments.
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BP sells 49% stake in portfolio of 199 forecourts for just under £400m
BP has raised nearly £400m through the sale of a 49% stake in the freehold of a portfolio of 199 company-owned forecourts across the UK, as part of a lease-back arrangement.
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Wessex Retail adds forecourt to its Spar network in the South West
Wessex Retail has recently completed the acquisition of Newtown Services near Penzance, Cornwall.
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Petrol station and services on the M4 in South Wales sold for £10m
The freehold of a petrol station and services on the M4 in South Wales has been sold for £10m.
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Former hand car wash site destined for new PFS development
A new forecourt development is set to be built on the site of a former hand car wash operation, following its recent sale by specialist business property advisor, Christie & Co.
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Two family-owned Swansea petrol filling stations sold by Christie & Co
Two family-owned petrol filling stations in Swansea have been sold by specialist business property adviser, Christie & Co.
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Surge in petrol station demand since lockdown ended, says Rapleys
A seven-fold increase in demand for petrol filling stations occurred in the first month following the easing of the UK’s Coronavirus lockdown restrictions, according to Rapleys, the property and planning consultancy.
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Swan Service Station sold as owner takes a break
A Wigan-based Gulf-branded service station has been sold by independent retailer Faruk Divelli as he prepares to enjoy a well-earned break.
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Feature
UNDER THE SPOTLIGHT: 20 questions for Steve Rodell, Christie & Co
Christie Co’s Steve Rodell loves a Spaghetti Western, supports Luton FC, and surprises us with his choice of musical instrument
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Kay Group plans multi-million pound redevelopment of HQ
The Kay Group has applied for planning permission for a multi-million pound redevelopment of its Grimshaw Park Service Station in Blackburn. The Top 50 independent is to completely demolish the site - which is also the company’s headquarters - and replace it with a ‘unique’ and ‘contemporary’ three-storey building ...
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Demand outstrips supply
Roadside retail has become the new high street. So says Adam Wadlow, director at property advisors Barber Wadlow. "We have become convenience junkies where we want everything now or very quickly. That’s why we’re seeing new petrol stations with Costa, Starbucks and other food-to-go outlets, whether they’re incorporated in the ...
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Gulf site in Devon sold after strong competition
A prominent petrol filling station on the North Devon Link Road has been sold after strong competition among potential buyers. Woodside Garage, located alongside the A361 just outside South Molton, has been sold through Barnstaple-based commercial property agent Charles Darrow. The Gulf-branded petrol station site comprises a small single-storey general ...
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Big deals
There’s no doubting the big property stories of 2018 with the biggest of them all being MFG’s acquisition of MRH but there was a lot more going on than that. Think Prax buying HKS, as well as Certas Energy and Jet snapping up sites. Indeed, according to forecourt property specialist ...
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