A consortium including European pension funds has acquired a UK motorway services area (MSA) company from M3 Capital Partners.

Private equity real estate investor M3 said it has sold Extra MSA Group to the consortium of institutional investors which also includes other midmarket infrastructure investors.

Financial details were undisclosed.

Extra’s assets comprise eight MSAs, two dual-sided MSA fuel filling stations and a pipeline of three MSA development projects.

The operational MSA sites include Cobham M25, Beaconsfield M40, Leeds Skelton Lake M1, Peterborough A1(M), Cambridge A14 (M11), Baldock A1(M), Blackburn M65, Cullompton M5 and two dual-sided MSA fuel filling stations at Chesterfield M1, Winchester M3. The development sites are at Amersham M25, Solihull M42 and Warrington M62.

M3 said it will retain ownership of London Gateway Services located site on the M1.

The latest disposal is M3’s second transaction in the sector within the last 12 months following the sale in November 2021 of the Ulysses portfolio of eight MSA sites.

M3 acquired Extra and the Ulysses portfolio in two transactions from the receivers of LBG and RBS in 2010 and 2013.

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