Ascona Group, one of the UK’s fastest-growing forecourt operators, has acquired two service stations in Monmouthshire and Ceredigion in Wales, taking its total portfolio to 62 sites across the UK.
The new sites are the BP-branded Brecon Road Service Station in Abergavenny and the Gulf-branded Dryslwyn Service Station in Llwyncelyn, Aberaeron.
In keeping with the Group’s strategy to develop the next evolution of retail roadside destinations, the sites will be fitted with new Nisa and Starbucks facilities in September, with plans to make further major improvements in the next three years.
The acquisitions of these two sites follow Ascona’s decision to launch operations in Scotland for the first time. In July, Ascona secured the lease of Springfield Service Station in Aberdeen, a move that sees the Group have operations across England, Wales, and Scotland.
Over the next 12 months, Ascona will seek to further grow its portfolio as the Group explores various exciting opportunities.
With these recent acquisitions, Ascona remains on target to reach its ambition of growing to 300 sites by 2026.
Property Director (South) Mark Franks said, “We are delighted to add these quality forecourts to our expanding portfolio as we continue to execute on our ambitious growth strategy. We look forward to serving the local communities in Abergavenny and Llwyncelyn with our combined fuel and retail offering.
“With 62 sites and counting, we are on track to achieving our ambitious goal to be one of the top three independent fuel retailers in the UK market. Our continued expansion is a testament to our hardworking team and demonstrates the sizeable opportunity for both organic and acquisitive growth in the market.”
