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Extra buys nine Welcome Break motorway service areas

  • 26 March 2013
  • By Chris Druce

Extra, the motorways service group, has purchased nine Welcome Break sites in a deal that takes its portfolio of service areas to 18.

Extra, which opened Cobham services on the M25 last year, has purchased nine freeholds including M40 Oxford, M3 Fleet, M42 Hopwood and M62 Hartshead Moor.

A spokeswoman for Extra confirmed to CM that there was no intention to rebrand the sites as Extras at present.
Andrew Long, chief executive of the motorways service group (MSA), said: “Doubling Extra’s investment ownership on the strategic motorways in the UK is an exciting proposition.

“We look forward to continuing to work in partnership with our selected tenants to optimise the provision of good quality facilities for all road users on the motorway network.”

Extra was established in autumn 2010 by M3 Capital Partners with Long.

Welcome Break was an existing Extra tenant before the deal, operating Days Inn hotels at Extra’s Baldock, Cambridge, Cobham and Peterborough MSAs.

Welcome Break is owned by Serena.

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Article source: http://www.commercialmotor.com:80/latest-news/extra-buys-nine-welcome-break-motoway-service-areas