Englander Group fills up with £400m petrol stations

Tchenguiz and Livingstone brothers to net £100m from sale of 180 Shell sites.

The Englander Group, a north London-based family trust, has emerged as frontrunner to buy the £400m Octane portfolio from the Tchenguiz and Livingstone brothers.

The portfolio of 180 petrol stations is let to Shell on leases expiring in 2017. The properties are spread across the UK, and produce £26m a year, reflecting a net initial yield of 6.5%.

CBGA acted on behalf of The Englander Group.

Source: Property Week