Decent sites are harder to come by so will we see more new-to-industry (NTI) developments?
After a year of big merger and acquisition stories – Euro Garages with EFR (European Forecourt Retail Group) and MFG’s purchase of Synergie Holdings and Roadside Group to name just two – the verdict on the forecourt property market is in. Last year was a good one, demand is still strong but it’s a lack of supply that’s the problem.
Mark Frostick, associate in Rapleys’ Automotive & Roadside team, discusses ground sites and their potential costs. He states “Yes, we’ll see more NTI, out-of-the-ground sites, but the problem is the cost of them, what with the price of the land and the building etc.”
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