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SCOTLAND -- Somerfield plc acquired 11 forecourt convenience stores in Scotland for £2.6 million from the receiver of Osprey Forecourts Ltd.
Somerfield will retain and develop five prime sites, which are currently closed, in Abercraig, Newport-on-Tay; Hawthorn Street, Glasgow; New Scone, Perth; Carnoustie and Northern Lights, Aberdeen. The six remaining sites have been sold as part of the deal for development by a third party.
David Cheyne, head of Somerfield`s convenience business unit, said, "These forecourts are in great locations. We now aim to make the investment they deserve and apply our strengths in convenience retailing and store management to provide a valuable service to local customers. We are determined to build on the successful acquisition of Aberness and to strengthen our offer in Scotland."
In other European c-store news, the UK’s Cooperative Group has bought 64 convenience stores in the southwest of England from Conveco in a deal thought to be worth around £25m ($43.9 million U.S.).