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.
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.
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.
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.
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.
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.
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.
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.
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 ...
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 ...
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 ...
