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 has recently completed the acquisition of Newtown Services near Penzance, Cornwall.
The freehold of a petrol station and services on the M4 in South Wales has been sold for £10m.
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 petrol filling stations in Swansea have been sold by specialist business property adviser, Christie & Co.
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.