As published in Property Week on the 11 February


At the beginning of February, the billionaire Issa brothers and TDR Capital announced their plan to sell Asda’s petrol station business for £750m to EG Group. In December, Irish petrol station and roadside convenience operator Applegreen was taken private by its founders in a €718m (£631m) deal backed by Blackstone.

Mark Frostick, Automotive & Roadside Senior Associate, says the deal is “a good fit” for EG Group, as it gives EG “a lot of buying power and sites” and the EG Group’s deal is the “only way the firm can carry on growing their network as portfolios of that size are rarely up for grabs.”

Read the article in full here.