National Petrol Station Requirements – Existing and New Build
Christie + Co has been instructed to acquire existing or new sites for national fuel and convenience retailers in specific target locations. For requirements and contact details please download the brochure.
Calanike Retailing Ltd (in receivership)
Christie + Co is instructed to seek offers on a group, sub group and individual basis for a portfolio of 19 petrol filling stations owned by Calanike Retailing Limited (in Receivership). Many of the sites are suitable for ongoing use as petrol filling stations and we consider have the potential to trade successfully under new ownership and management. A number of the sites are likely to be of interest to other roadside retailers or developers for alternative use subject to the necessary consents. In all cases, the sites present an excellent opportunity to cost effectively acquire going concern forecourt properties with potential to develop trade or the real estate.
For further information, please contact Steve Rodell on 020 7227 0700.
TOP 50 Indies
Valuation and advice for all the top ten independent fuel retailers in the UK during the last 3 years.
Comprehensive, strategic review and valuation of a branded national petrol filling station for private equity.
When Snax 24 required valuations for a number of their petrol forecourt businesses they instructed Christie + Co. Snax 24 is part of the Rontec consortium that acquired Total and is now the largest independent petrol retailer in the country.
Portfolio valuation of 154 mainly roadside sites.
George Hammond Group
Acting on behalf of the George Hammond Group, we sold Golden Cross Service station in Halisham to a large corporate multiple for an undisclosed sum.
Christie + Co was instructed to value Euro Garages' entire 73 - strong estate. Euro Garages occupies fifth position in Forecourt Trader magazine's ''Top 20 Indies'' league table of forecourt operators in the UK.
Christie + Co acted on behalf of the United Co-Operatives Ltd in the acquisition of three petrol forecourt businesses in the North East including West Wylam Garage Ltd and Crawcrook Filling Station Ltd, as well as Willow Tree Service Station, which is possibly the largest forecourt site in Northumberland.
Petrol Express Limited
Christie + Co advised GNE Group on the sale of its Petrol Express limited, which is one of the largest independent petrol station operators in the UK. A sale was completed to Leopard No. 2 Investments Limited, an investment vehicle backed by the Royal Bank of Scotland, for £51.66 million.
Sale of QMP Ltd
Christie + Co acted on behalf of the vendors, Henry and Christine Kordowicz, in the sale of QMP Ltd. The group comprises seven petrol filling stations, incorporating substantial SPAR stores, across North Yorkshire and Cleveland. After a competitive bidding process, attracting interest from a number of corporate operators, the portfolio sold to the Co-operative Group for an undisclosed sum.
Sale of Powell Garages
Acting on behalf of Powell Garages Ltd, Christie + Co sold a group of four petrol filling stations in the Swansea and Port Talbot areas of South Wales. We marketed the portfolio confidentially and, after generating a high level of interest, a competitive bidding process ensued. We received a number of offers before agreeing the sale by way of share transfer, for a figure in excess of the £4,000,000 asking price to a corporate client.
Sale Chatham Service Station
Acting on behalf of Mr & Mrs Dearing, Christie + Co has sold the freehold interest of the Chatham Road Service Station near Maidstone to Mr Babu and Mr Mohan Sivarajah, for an undisclosed sum off an asking price of £3.25 million.
Spot Service Stations
A portfolio of seven Spot Service Stations, all located within the Stoke-on-Trent area of Staffordshire, has been sold to a southern-based independent operator through leading retail agents, Christie + Co.
Central Service Station
Christie + Co was instructed to sell Central Service Station in Manchester, a thriving Texaco petrol filling station with a Spar convenience store. Confidentiality was paramount, in order to ensure there was no interruption to the trade nor uncertainty for the staff. Interest was forthcoming from a wide range of interested parties, from corporate and multiple operators to first-time purchasers. Within four weeks, a sale was agreed to a corporate operator and solicitors were instructed. We achieved a price considerably in excess of the original estimate and the sale completed much to the delight of the vendors and purchaser.