Christie Finance secures funding for Horam Service Station acquisition
Specialist commercial finance broker, Christie Finance, has successfully arranged funding for the acquisition of Horam Service Station in East Sussex, enabling independent operator Prehybrid to expand its forecourt portfolio to four sites.
Christie Finance
The deal, part of a multi-site sale brokered by Christie & Co, highlights the continued appetite from experienced independent operators to acquire well-invested, high-performing forecourts. Horam Service Station has recently benefited from significant capital improvements and a rebrand to nationally recognised fuel and retail providers.
Neil Collins, Associate Director at Christie Finance, who managed the funding process, comments, “I am so pleased to have completed on this petrol filling station – these are never a simple deal as there are limited lenders to work with. Working with Prem and the vendors, we have dealt with hurdles along the way, but we were able to respond quickly and obtain the best possible deal for Prem and his business. I look forward to helping him on his next acquisition.”
Prem Uthayankumaran, Director of Prehybrid, added, “I want to use this opportunity to say a big thank you to Mark Kaluza at Christie & Co for the support provided on this acquisition. Independents getting hold of forecourts is becoming a rare occasion and it is difficult to make it happen, but Prehybrid now have four sites all via Mark Kaluza at Christie & Co since the first in 2020.”
Contact the broker:
Neil Collins
Associate Director
M +44 (0) 7548 705370
E neil.collins@christiefinance.com