Automotive & roadside
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NewsPetrol forecourt acquisitions help boost Asda profits
The supermarket giant’s adjusted EBITDA after rent rose by 24% to £1.078bn in 2023.
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NewsMorrisons sells forecourt business to MFG in £2.5bn deal
The deal will help pay off part of the supermarket chain’s debt pile.
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NewsCharles Irvine wins £100m backing to build 60 EV service stations
Joint venture (JV) between Charles Irvine and Meadow Partners plans 60 sites across the UK.
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NewsBarkby Group makes first acquisition for roadside JV portfolio
Barkby, the roadside real estate business, and its joint venture (JV) with Meadow Partners has acquired its first asset for a total cost of £5.28m.
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MarketsCar showrooms change gear
As electric cars shake up the automotive industry, what next for the showroom?
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NewsCan the private sector get up to speed on EV charging demand?
BP and Shell are taking steps to expand their networks, but some believe more government support is needed.
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NewsVolvo opens electric car studio at Brent Cross
Swedish car maker Volvo has taken 2,045 sq ft at Brent Cross, the north London shopping centre owned by property giant Hammerson and fund manager Aberdeen Standard Investments, to develop a studio to showcase its electric vehicles.
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OnlineIssa brothers to sell 27 petrol stations to complete £6.8bn Asda deal
The billionaire Issa brothers have agreed to sell almost 30 petrol stations so that its £6.8bn Asda takeover can go ahead.
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MarketsElectric vehicles drive sector opportunities
The increased take-up of electric vehicles will create winners and losers.
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MarketsCoventry chases the electric dream
Why local politicians want a new gigafactory to be built at Coventry airport.
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NewsWhat is fuelling the investor appetite for roadside assets?
EG Group’s acquisition of Asda’s petrol stations for £750m underlines growing demand for the sector
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NewsFord puts London dealership on the market
Ford has appointed CBRE to market a dealership which the car manufacturer owns and operates in west London and has received interest from a range of industrial developers for the site.
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OnlineArk Data Centres acquires Renault’s Park Royal site
Ark Data Centres has acquired Renault Retail Group’s west London site on Western Avenue, Park Royal.
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InsightTraffic reveals post-lockdown trends
Editor: As lockdown restrictions have lifted, traffic has migrated back to motorways with even more visitors than before.
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NewsElon Musk jets to South West to hunt for potential gigfactory sites
Tesla chief executive Elon Musk has been searching around the Bristol area to find a site for a potential electric car-battery gigfactory near the city.
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OnlineLondonMetric completes £11.6m of long income acquisitions
LondonMetric has acquired two assets for a total of £11.6m, reflecting a blended net initial yield of 5.1%.
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MarketsRetail fuels forecourt growth
Food sales have been driving profits, but the sector still faces a number of challenges.
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MarketsWhy the car park market is thriving
Investors target sites offering long-term income and redevelopment potential.
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Online
LondonMetric acquires over £14m worth of roadside assets
LondonMetric has acquired £14.5m of long income road assets, reflecting a net initial yield (NIY) of 5.9%.
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MarketsIs scheme combining car dealership and homes a new mixed-use model?
Lookers’ car dealership boasts flats above – is it a one-off or a new mixed-use template?
