PETROLEUM AND AUTOMOTIVE SPECIALIST SERVICES...environment, a fluctuating pound, and the increased pace of change driven by technological advancements and government legislation all

PETROLEUM AND AUTOMOTIVESPECIALIST SERVICES

EMEA PETROLEUM AND AUTOMOTIVE | © 2019 CBRE | 1

FOREWORD

Whether you’re an occupier or investor in roadside property it has never been more important to fully understand the value of your real estate. An uncertain political environment, a fluctuating pound, and the increased pace of change driven by technological advancements and government legislation all represent challenges to the way you own and use your sites.

Innovations such as electric and autonomous vehicles are already part of today’s society. How will our use of roadside property and infrastructure need to alter to reflect changing consumer demands and the requirements of tomorrow’s world?

Yet with change and challenge comes opportunity. With more competition for mainstream property investments, alternative markets such as petroleum and automotive are increasingly being embraced. With the support of a trusted advisor to highlight the opportunities presented, incremental value can undoubtedly be realised.

With a team of more than 30 dedicated sector specialists in the UK and more than 150 across Europe, CBRE provide unrivalled market intelligence and professional services for all of our clients. Whether you are an international automotive manufacturer or oil company, an investor looking for higher returns, or an independent occupier running a family-owned business from a single site, the CBRE team would be pleased to meet you, listen to your challenges and aspirations and provide a solution tailored to your specific needs.

Simon Galway

Head of Petroleum

and Automotive

CBRE Europe,

Middle East

and Africa

2 | © 2019 CBRE | EMEA PETROLEUM AND AUTOMOTIVE EMEA PETROLEUM AND AUTOMOTIVE | © 2019 CBRE | 3

PETROL FILLINGSTATION

CAR DEALERSHIP

CAR PARK

CAR RENTAL

TYRE AND EXHAUST

MOTORWAY SERVICE AREA

BILLBOARDS AND DIGITAL ADVERTISING

BUS DEPOTS

ASSET TYPES WHO WE ACT FOR

We support a wide range of different clients – both occupiers and investors:

Retail is detail and we continue to develop our retail offering to provide our customers with the very best product range, value and convenience. We continually evaluate our sites with our detailed knowledge and experience. We expect the same from our advisors and that is why we have used CBRE’s specialist Petroleum and Automotive Team to value the portfolio for accounts purposes and provide the company with strategic advice for over 30 years. CBRE played an important role providing due diligence to Rontec Investments when it bought the retail business of fuel group Total in 2011. We bought more than 800 sites, 300 of which were wholesale and 500 freehold. You need a passion, commitment and dedication to want to work in this business and have a corporate pride in being the best in the industry. CBRE has all these attributes and that is why I choose to work with them

Gerald M. Ronson, Chairman, Rontec Group Limited

Funds

Hypermarkets Car park operators

Car dealers

Institutional lenders

Car rental operators

Manufacturers

Oil companies

Independent operators



SERVICES OFFERED

VALUATIONOur petroleum and automotive operators provide valuations for accounting purposes, for secured lending and to facilitate the acquisition and disposal of real estate. We also undertake due diligence according to the complex requirements of the major banking institutions when executing RICS Red Book valuation.

BROKERAGEOur specialist petroleum and automotive brokerage team is experienced in undertaking freehold and leasehold acquisitions. This includes operational sites and those with alternative use development potential. We dispose of leasehold and freehold interests at the optimum point in a property’s life cycle based on constant analysis of the market.

PROFESSIONALWe provide a broad range of landlord and tenant advisory services to the petroleum and automotive sector, including everything from rent negotiation to lease re-gears, extensions and contractual variations.

STRATEGIC CONSULTINGWe undertake network planning, location analysis and representation studies to help you make sound strategic decisions. By monitoring the competition, as well as infrastructural changes such as road realignment, we flag factors that could affect trading performance and identify new opportunities.

PORTFOLIO SERVICESOur advisors will analyse your portfolio data to provide strategic solutions. By combining data management, accounting, lease administration and property management, we ensure your real estate is aligned with your core business objectives.


6 | © 2019 CBRE | EMEA PETROLEUM AND AUTOMOTIVE

Property Portfolio, 4 Co-op petrol filling stations

Client Investment Management Company

Role Agency (Disposal)

Value £12,850,000

Property Portfolio, 494 petrol filling stations

Client Malthurst GB Limited

Role Valuation for accounting purposes

Value Confidential

Property Kestrel Portfolio, 5 petrol filling stations

Client Rontec Group Limited


Value £3,150,000

Property Portfolio, approx. 600 petrol filling stations in the UK

Client International Oil Company

Role Estate Management/Valuation/ Agency/Professional

Value Confidential

Property Siddals Road Car Park, Derby


Role Agency (Acquisition)

Value £5,050,000

Caffyns Plc is one of the oldest family run car dealer groups in the United Kingdom. We have a property portfolio of 12 locations across the Southeast of England representing six franchises, comprising Audi, Seat, Skoda, Vauxhall, Volkswagen and Volvo. We have worked with the specialist Automotive team of CBRE since the 1980’s. We rely on CBRE to provide valuations for our company accounts and to assist with buying and selling dealerships. In addition CBRE provides us with advice on rent reviews, lease renewals and surrenders. We value the long term relationship and partnership. CBRE understands our business and the specialist sector in which we operate

Simon Caffyn, Chief Executive, Caffyns Dealer Group

Property Honda UK Portfolio, 18 dealerships

Client Honda

Role Valuation for internal purposes

Value Confidential

TRACK RECORD ROADSIDE PROPERTIES



Property BMW Dundee

Client Lending Institution

Role Valuation for loan security purposes

Value Confidential


Property Portfolio, 13 petrol filling station investments

Client Rontec Group Limited


Value Confidential

TRACK RECORD ROADSIDE PROPERTIES

Property Fusion Plus Portfolio, 5 petrol filling stations



Value £13,390,000

Property Montgomery Street Car Park, Belfast

Client CBRE Global Investors

Role Consultancy for acquisition

Value Confidential

Property Applegreen, Crawley Avenue, Crawley

Client Gerald Ronson Foundation


Value £3,820,000

Property Sainsbury’s, Andover Road, Newbury

Client Gerald Ronson Foundation


Value £3,325,000

Property Juice Portfolio, 14 petrol filling station investments

Client Lending Institution

Role Valuation for accounting purposes

Value Confidential

It is refreshing to work with an organisation such as CBRE. They consistently demonstrate the behaviours and attributes required for a long term mutually beneficial partnership with a solutions focused collaborative approach built into their DNA

Sean Jones,Head of Workplace and Projects EMEAAvis Budget Group

Property Audi, Meridian Way, Norwich

Client Private Propco


Value £5,450,000


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EMEA PETROLEUM AND AUTOMOTIVE COVERAGE RELATED SERVICES

CBRE provides a full suite of services designed to drive value and business advantage for clients worldwide. Whether you are an occupier or investor, CBRE’s expertise across all property services can support your entire portfolio.

RatingProject Management

Energy & Sustainability

Portfolio Analytics

Planning

Locational Analysis

Building Consultancy – Dilapidations

Facilities Management

WorkplaceStrategy


1 Austria – Vienna 1 Broker, 3 Advisory

2 Belgium – Brussels 2 Brokers, 7 Advisory

3 Bulgaria – Sofia 1 Broker, 2 Advisory

4 Czech Republic – Prague 2 Advisory

5 Denmark – Copenhagen 1 Broker, 3 Advisory

6 Finland – Helsinki 2 Brokers, 2 Advisory

7 France – Paris 5 Brokers, 2 Advisory

8 Germany – Hamburg 6 Brokers, 10 Advisory

9 Germany – Frankfurt 4 Brokers, 4 Advisory

10 Hungary – Budapest 1 Broker, 7 Advisory

11 Italy – Rome 8 Brokers, 9 Advisory

12 Italy – Milan 2 Brokers


13 Ireland – Dublin 1 Broker

14 Luxembourg – Luxembourg 1 Broker, 1 Advisory

15 Netherlands – Amsterdam 3 Brokers, 7 Advisory

16 Norway – Oslo 4 Brokers, 4 Advisory

17 Poland – Warsaw 1 Broker, 12 Advisory

18 Portugal – Lisbon 3 Brokers, 1 Advisory

19 Romania – Bucharest 1 Broker, 1 Advisory

20 Russia – Moscow 4 Brokers, 4 Advisory

21 Spain – Madrid 5 Brokers, 1 Advisory

22 Slovakia – Bratislava 1 Broker

23 Sweden – Stockholm 4 Brokers, 2 Advisory

24 Switzerland – Zurich 3 Brokers, 2 Advisory

25 Turkey – Istanbul 1 Broker, 2 Advisory

26 UK – Leeds 1 Broker

27 UK – London 18 Brokers, 7 Advisory The CBRE team were very efficient

and diligent during Project Windmill. Given the tight time constraints of the project, the team efficiently conducted a comprehensive valuation of a European car park portfolio

Oceanwide Group Limited


SCOPEFollowing an extensive review of an oil company client’s portfolio a shortlist of operational petrol filling station sites in London were marketed for redevelopment to find incremental alternative use value beyond the existing use.

METHODCBRE used its broad network of industry contacts to reach buyers and agents alike. Property details were emailed to over 7,000 registered parties on our bespoke database.

A large amount of interest was generated and the merits of each bid scored against various criteria agreed with the client. CBRE led a due diligence process to thoroughly review all the options, project managed a panel of stakeholders including legal, environmental and planning professionals, and entered into negotiations with the top bidders.

RESULTSix London sites were sold for a combined total of circa £50 million - including the biggest alternative-use transaction ever performed by the retail subsidiary of the global oil company client. Using the CBRE platform the client has realised sales receipts up to twelve times the size of an independent third party valuation.

An East London petrol filling station

sold by the CBRE Petroleum &

Automotive team achieved planning

consent for the development of a

338 unit residential scheme with

flexible retail, community space and

a café in buildings stepping up in

height from eight to 24 storeys.

CASE STUDY

Gerald Kingham Associate Director e: [email protected] t: +44 20 7182 2284

Simon Galway Head of Petroleum and Automotive e: [email protected] t: +44 20 7182 3453

Adam Fotheringham Associate Director e: [email protected] t: +44 20 7182 2285

Robert Colville Senior Director e: [email protected] t: +44 20 7182 3459

James Heron Associate Director e: [email protected] t: +44 20 7182 3277

Neil Deacon Senior Director e: [email protected] t: +44 20 7182 3471

Graham Toyn Associate Director e: [email protected] t: +44 20 7182 3367

Tom Riding Associate Director e: [email protected] t: +44 113 394 8822

Petroleum and Automotive Advisory and Transaction Services e: [email protected] t: +44 20 7182 3060

cbre.co.uk/services/industries-and-specialties/petroleum-and-automotive

CONTACTS

N | © 2019 CBRE | EMEA PETROLEUM AND AUTOMOTIVE

Documents

PETROLEUM AND AUTOMOTIVE SPECIALIST SERVICES...environment, a fluctuating pound, and the increased pace of change driven by technological advancements and government legislation all