23.10.2019

Ascona acquires leases of two forecourts in Gloucester

The rapidly growing Top 50 Indie Ascona has acquired the leases of two forecourts in Gloucester.

The directors of Heritage Automotive decided they wanted to lease the forecourts to a third party shortly after they acquired Blade Motor Group earlier this year. They now operate 19 car dealerships across the South West.

One of the forecourts is located on the A40 Bypass, adjacent to Blades Honda dealership, and the second is just under a mile away, in the village of Twigworth on the A38 and adjacent to a Skoda dealership.

The A40 Bypass forecourt is supplied by Spar, AF Blakemore and Shell, with the Twigworth forecourt supplied by BP.

Ascona Group Holdings has rapidly expanded over the last two years and this acquisition takes it to 18 operational forecourts.

The leasehold interest in both sites sold for an undisclosed sum.

[source: Forecourt Trader online]