THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Euro Garages acquires second forecourt group in 2017

Euro Garages has acquired of a group of four leasehold petrol forecourt sites in the South West and Wales that were operated by High Noon Stores.

GENERAL MERCHANDISE

Euro Garages acquires second forecourt group in 2017

The move follows Euro Garages' purchase of four leasehold forecourts that were sold in January on behalf of High Noon Stores.

Both groups came to the market in quick succession with the first group initially sold through the administrator of High Noon, Greg Palfrey at Smith & Williamson.

Euro Garages has acquired both groups for an undisclosed sum. It plans to re-open the sites within the next few weeks after refurbishment and re-imaging.

Dave Morris of Christie & Co, which facilated completion of the deals, said: “It has been a very busy start to 2017 with interest exceeding expectation on both groups of forecourts. We expect this level of interest in the sector to continue during 2017 with the forecourt market remaining buoyant.”

Zuber Issa, chief executive of Euro Garages, added: “These acquisitions follow a carefully planned growth strategy and supplement our existing international portfolio well. Since the beginning of February alone, we have completed the acquisitions of the UK-wide Little Chef site portfolio and the former High Noon petrol forecourts. Each of these deals were handled entirely in-house, demonstrating the quality of our team and our ability to bring deals to a close very quickly."

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy