Petrol forecourt and retail property specialist EG on the Move pays £3.6m for plot at a Liverpool city region development that includes a petrol station, car dealerships, an Aldi, Starbucks and KFC. Tony McDonough reports

EG on the Move has acquired a 2.5-acre plot at a mixed-used property development in Huyton for £3.6m.

Beacon 62 is an 11.5-acre scheme which sits adjacent to both the M62 and M57 motorways. It includes Jaguar Land Rover and Hatfields as well as an Aldi supermarket. It was delivered by HBD in partnership with Barnfield Group.

HBD acquired the ground lease on the Euro Garages plot in 2019 prior to work beginning on-site. The 2.5-acre site now comprises a Starbucks and a KFC drive-thru restaurant alongside a petrol station.

EG on the Move operates 150 petrol forecourt sites across the UK following the acquisition of the business from EG Group by Zuber Issa.

Ed Hutchinson, managing director of HBD, said: “The sale aligns with our medium-term strategy for our commercial investment portfolio, with a major weighting in industrial and logistics. 

“We continue to take a long-term view, building the value of our portfolio with developments that align with our strategy.”

Christoper Dee and JMW Solicitors acted for HBD, while EG on the Move were represented by Freeths.

HBD’s team is progressing a number of industrial and logistics schemes across the North West, including APTUS, an 800,000 sq ft development in Preston and TWO45, a 245,000 sq ft net-zero carbon scheme close to Junction 26 of the M6.

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Its portfolio of commercial schemes include net-zero office development, Island, and Colloco, a striking 200,000 sq ft grade A commercial development with a rooftop pavilion.

HBD, part of Henry Boot, has a £1.2bn development pipeline and operates from six UK offices focusing on industrial and logistics, urban development and residential projects.