Newsteer brokered an off market disposal of a Tesco Express site held under a joint venture arrangement with Esso. The team prepared the disposal case, negotiated the sale and completed the transaction in September 2024.
The client’s challenge
The client needed to establish an achievable sale price and secure a credible buyer while maintaining a controlled, off-market disposal process.
Our solution
Newsteer identified and negotiated an off-market offer, supported board approval with comparable evidence and a disposal report, and progressed the transaction through completion.
Beyond advice: how we added value
The off-market strategy combined market evidence with targeted buyer engagement, allowing the client to test value without a wider public marketing campaign.
Outcomes and impact
The disposal completed in September 2024. MFG subsequently opened the site under Shell branding in October 2024.
