EG On The Move Appoints Colliers as Retained Agent

Posted by Colliers on 18th June 2024 -

 

Commercial real estate firm Colliers has been appointed as retained agents for EG On The Move Property as it bids to acquire more than 120 new sites across the United Kingdom over the next three years.

Colliers Automotive & Roadside, Retail as well as Licensed & Leisure teams will be working with the fuel and premium brand foodservice and grocery retailer to acquire properties for in-line, petrol forecourt, food service and convenience retail development. 

The requirement will focus on both roadside and retail properties to accommodate the brands EG On the Move will be working with. From a roadside perspective, the acquisition team will be focusing on existing freehold and leasehold sites of a minimum 0.35 acres in size up to 10 acres, as well as new 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 be considering 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 are seeking units of up to 1,500 sq ft close to student populations, office workers, transport hubs and night time economy.

Neil Findlay, development director at EG On The Move Property shared: “We’re excited to be working with Colliers as we look to roll out our brand partner expansion plans for the likes of Starbucks, Popeyes, Subway, Greggs, Cinnabon, Sbarro and Chaiiwala, which will help meet our ambitious expansion target and create further jobs across the United Kingdom. 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 & Roadside at Colliers commented “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 & Advisory added: “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.”