Essar demonstrates retail commitment with new build acquisition

  • Jun 15, 2021
  • Essar Oil

Stanlow, June 15th, 2021: Essar has successfully exchanged contracts with Valley House Properties Limited (VHPL) to acquire a long term interest in the redevelopment of Lea Gate Service Station. Situated on the A583 in Preston, the site is perfectly positioned to benefit from the £200m development of the new Preston Western Distributor road, which will link Preston and southern Fylde to the M55 motorway, scheduled to open in early 2023.

Construction on the site will begin this summer, with the station due to open by spring 2022. The finished site will comprise a 4,000 sq. ft. retail shop and parking for 35 cars. There will be a four island starter gate layout with three separate HGV pumps included, together with a Costa drive-through. Carlin Marketing will be representing VHPL on this project.

James Hughes, Essar Territory Manager, commented “This is one of the most premium locations in the North West and marks a real statement of commitment from Essar. We are perfectly placed to supply a high-volume site like this and with the Essar branding on the station it will certainly increase the appeal of the location. We are currently looking to partner with a professional operator to manage this venture for us and we expect to make further announcements on this development in due course.”

Byron Barker, Essar Business Development Manager, added “It has taken almost two years to get to this final stage and we fought off some serious competition to win. We are delighted that VHPL selected Essar and we are excited to move forward with this new project. It will be a landmark development and the Company is keen to do more business like this in similar locations.”

Essar Oil UK is a leading UK-focused downstream energy company whose main asset is the Stanlow Manufacturing Complex, one of the most advanced refineries in Europe and situated close to the major cities of Liverpool and Manchester. Stanlow is a key strategic national asset, annually producing over 16% of the UK’s road transport fuels, while playing an important part in Britain’s petrochemical industry by providing key feedstocks. Since acquiring Stanlow in 2011, Essar has invested $1 billion in the Essar Oil UK business.

Essar is a major supplier in the North West and beyond with customers including most of the major retail brands operated by international oil companies and supermarkets, Manchester Airport, leading commercial airlines and the region’s trains and buses. It is the lowest cost supplier into the North West and is highly competitive in supplying adjacent markets. In 2019, the company acquired BP assets in the Midlands to further strengthen its logistics infrastructure network.

Essar Oil UK is committed to helping drive the UK’s decarbonisation strategy.

Ian Cotton, Head of Communications: [email protected] or 07805 854169