EG Group appoints Colliers on 120-site roadside drive

Forecourt business EG Group has appointed Colliers as retained agent for its EG On The Move company, with the ambition of acquiring more than 120 sites across the UK in the next three years. The fuel and foodservice retailer is seeking properties for petrol forecourt, food service and convenience retail expansion. The requirement will focus on both roadside and retail properties to accommodate the brands that EG On the Move will be working with. The acquisition team will be focusing on existing freehold and leasehold sites ranging from 0.35 acres to 10 acres, as well as development locations with a high volume of vehicle traffic or within densely populated areas. The search will include A-road sites, retail parks, as well as major junctions on trunk roads. The group will also consider new roadside developments where it can locate retailers alongside services, including expanding the UK’s EV charging network. In prime retail destinations, both on the high street, and in shopping centre locations, the team is seeking units measuring up to 1,500 sq ft close to student populations, office workers, transport hubs and the nighttime economy. Earlier this month, EG Group co-founder Zuber Issa sold his stake in Asda to TDR Capital. He separately took control of EG Group’s remaining UK forecourt business, which also included some foodservice locations, for £228m. Neil Findlay, development director at EG On The Move Property, said the business will work with Colliers as it rolls out its brand partner expansion plans for brands such as Starbucks, Popeyes, Subway, Greggs, Cinnabon, Sbarro and Chaiiwala. He added: “The roadside convenience retail model is the backbone of our business, and with Colliers’ strong presence in the retail, restaurant and automotive sectors they will enable us to reach our goals.” John Roberts, head of automotive and roadside at Colliers, said “We are looking forward to expanding our relationship with one of the most well know and fastest growing occupiers in the United Kingdom. EG On The Move has a track record of delivering quality high profile roadside schemes throughout the UK.” Tom Glynn, director in retail development and advisory, said: “The sector is very competitive but with their experienced in-house team and their multiple formats from fuel, EV charging, drive thru to convenience retailing and partnerships with international brands, we feel that EG On The Move will provide a clear difference within the market.”