Case studies
Petrol filling
stations
Bilfinger GVA has earned
the reputation as market
leaders in the petroleum
industry with a wealth of
experience and expertise.
As pioneers in establishing a
specialist roadside team, we
recognise the importance
of providing property advice
based on a comprehensive
understanding of its business
environment. This can be
particularly challenging when
considering the unique demands
of a specialist sector.
Murco Portfolio
• Instructed by a prospective purchaser to provide strategy and
occupational advice
• Subsequently appointed by Murco (in partnership with private equity
client and its lead funding bank) to value all 149 freehold assets.
Azure Portfolio, Nationwide
Snax 24 Portfolio, Nationwide
Petrol Express, Nationwide
• This portfolio comprised 104
petrol forecourts refurbished /
redeveloped by Danescroft
• A portfolio of 14 sites located
across the UK and let to Snax 24
• Appointed to provide acquisition
advice relating to an operational
portfolio of 63 sites
• Extensive due diligence to
provide client specific ‘property
information pack’
• Formal inspections were
undertaken and the portfolio was
analysed on a site-by-site basis
• Strategic investment advice was
also provided as the sites were
subsequently leased to Murco
• 90 sites subsequently let to
Somerfield (now Co-operative) and
offered to the market as investments
• As sector specialists, Bilfinger GVA
was called upon to provide formal
valuations to leading institutions in
connection with debt finance to
potential purchasers
• Indicative advice on rental values
provided despite an absence of
trading information
• Appointed to provide formal
valuation advice along with
guidance on potential demand,
disposal strategy and likely
financial realisation
• We leveraged our sector
relationships to provide an insight
into the future plans / ongoing
strategy for each site
PFS Investments, South East
Total Acquisition, Nationwide
Bishop Retail, North East
• Appointed LPA Receivers over two
petrol filling station investments at
small service areas in Rochester
and Sittingbourne
• A network of 810 Total petrol filling
stations located across the UK
• Undertook extensive due
diligence, including a significant
number of site inspections, to
provide acquisition advice to an
overseas investor looking to enter
the UK market
• Submitted a formal offer for the
portfolio and progressed through
to the final stages of bidding
• Valuation and strategy advice
to a leading high street bank in
respect of a distressed portfolio
of sites
• Achieved maximum realisation
through sales to two debt-backed
purchasers requiring active
management to ensure successful
completion
Petrol Filling Stations, South West
• Instructed to dispose of three
petrol filling stations in the South
West on behalf of LPA Receivers
• Produced a mail shot of industry
targets resulting in a successful
bid from a well known retailer
contact
• Disposed of all three sites
collectively thus minimising
receivership costs
• Formal strategy advice providing
recommendations to maximise
realisation and minimise risk
• Despite having been marketed
by administrators, our detailed
knowledge and sector contacts
enabled us to identify additional
interest generating leverage in
negotiations
Forecourt and Dealership,
South England
• Instructed by Joint Administrators
to dispose of a petrol filling station
in Andover
• Generated 15 competitive bids to
achieve maximum value
• Provided additional specialist
advice to dispose of a car
dealership which formed part of
the property
For further information please contact:
Paul Taylor
Senior Director and National Head
0121 609 8455
[email protected]
08449 02 03 04
gva.co.uk
09052
• Provided advice on estimated
rental levels and suitability of the
sites for continued fuel retailing use