Ascona Group snaps up two mid-Wales petrol stations

By Liz Wells in Industry News 24th November 2020

Fast-growing forecourt operator Ascona Group has bought Ridgebourne Service Station and Crossgates Service Station, petrol forecourts situated close to Llandrindod Wells, a town in Powys, mid-Wales.

The portfolio comprising two freehold sites, which were previously managed by Llink Group, that were brought to market with Christie & Co in February 2020. The latest acquisition takes Ascona Group to 44 operational sites.

Jamie Williams, business agent in Christie & Co’s retail team, said: “Christie & Co has witnessed an increased demand for petrol filling stations and a 77% increase in new retail buyer registrations on Christie.com, with 36% of those specifically seeking petrol filling stations. Both sites were marketed confidentially and sold in excess of the asking price. An indicator of the current buoyancy within the market.”

Ascona Group, who signed a deal to be supplied by Nisa in Spring, now has 14 stores with the symbol group’s fascia and a further three are due to be completed by the end of November.