AURIGA Real Estate advises an investor on the sale of a batch of petrol stations in Northern Spain.

AURIGA Real Estate advises on the sale of a batch of profitable gas stations leased to Plenoil, a leading company in the sale and automated distribution of fuel with reduced prices. Located in the north of Spain, they stand out for their location at the foot of the road with direct access, as well as services such as a restaurant, cafeteria and laundry rooms.

The sale was carried out at the end of the year, coinciding with the drop in interest rates, at a time when investors seem to be reinforcing their commitment to real estate where they can find higher returns. The transaction has closed with a net return of over 7%.

Plenoil, currently in the process of changing its commercial name to Plenergy, was founded in 2015 with the opening of its first gas station and currently has about 300 operating gas stations throughout the national territory, capable of serving more than 40 million annual refueling and more than 3.5 million monthly customers.

AURIGA Real Estate is a real estate consultancy specialising in advising companies and investors on both investment and divestment of assets for both tertiary and non-tertiary uses, as well as real estate asset valuation and marketing strategy. This operation continues to consolidate the company in the sale of offices throughout the national territory.