Newsteer provided valuation advice to Asda following its £438 million acquisition of 132 Co-op petrol filling stations, supporting accounting and compliance requirements across the portfolio.
The client’s challenge
Asda needed robust, consistent valuation evidence across a large national portfolio following a major corporate acquisition.
Our solution
As RICS Registered Valuers, Newsteer undertook a comprehensive review of 119 retained sites and provided brokerage opinions on value to support the required reporting. brought together Valuation expertise to test the options, focus the team on the issues that mattered and turn the available evidence into a practical course of action.
Beyond advice: how we added value
The work combined portfolio-level consistency with site-by-site market judgement, giving Asda a practical valuation framework for a strategically important convenience-store acquisition.
Outcomes and impact
Newsteer’s valuation review supported Asda’s accounting and compliance requirements following the £438 million acquisition.
