SALES of petrol stations – excluding oil company disposals – reached a post-recession record in 2016, according to Christie & Co.
In its latest report, Business Outlook 2017, the specialist business property adviser said it sold more petrol stations in 2016 than any other year and group deal activity had resulted in a two-tier pricing structure.
Steve Rodell, managing director – retail, said: “The oil companies are now turning to the independent dealer sector for growth in their supply arrangements and first time buyers are also keen to enter the market, with bank funding widely available.
“Euro Garages announced their trial with Sainsbury’s in October and we are likely to see some of the other leading independent dealers become supermarket branded franchisees in 2017.
“We therefore expect strong levels of activity in the market to continue into 2017.”