To read the digital edition of the latest IPE Real Assets magazine click here. GIC’s relationship with Charter Hall goes back 15 years. GIC and Charter Hall acquired the assets from Brookfield for A$450m. Most recent of these was the purchase of an office building with retail, known as the Jessie Street Centre, in Parramatta, the key business centre of Sydney’s western suburbs. It has also mandated Charter Hall to seek out other suitable Investments in Australia, resulting in a string of transactions. GIC has recently been acquiring small neighbourhood convenience shopping centres in Australia through Perth-based Primewest. While we do our best to show correct average daily pricing details for Victoria since no real-time station pricing is available figures may from time to time be inaccurate.
Charter Hall purchased the BP stations at a price reflecting a 5.5% yield. Investment banking sources said the final offer for the Caltex assets was a price that would equate to a yield of between 5.3% and 5.5%. The situation was complicated when Canada’s Alimentation Couche-Tard made a takeover offer for the fuel refiner and retailer, before deciding not to pursue the deal when COVID-19 hit. This dataset is a subset of Woolworths Group Caltex Petrol gas station list on the map Fields included in the Caltex Petrol gas station location database Store No. Like the BP service stations, which are leased back to BP for 25 years, the sale-and-leaseback deal with Ampol, formerly Caltex, will come with long-dated leases.Ĭharter Hall is reported to have been courting Caltex, which is rebranding in Australia as Ampol, to buy into the service station portfolio for more than a year, but price was the sticking point. Description Complete list of all Caltex Petrol gas station locations in Australia with geocoded address, phone number, open hours, stock ticker etc for instant download.
Last December, CQR and its sister trust, Charter Hall Long WALE REIT, partnered with their manager, Charter Hall, in the purchase of a 49% stake in the BP service stations for A$840m.Ĭharter Hall topped up its interest with an additional 17.5% stake, purchased in February this year for at least A$147m. Among its assets is a 30% stake in a portfolio of 225 convenience stores and service stations leased to BP. A source said these assets were best suited to a retail trust.ĬQR currently manages a A$4bn convenience-based Australian retail portfolio. IPE Real Assets understands that a Charter Hall fund, most likely the listed Charter Hall Retail Fund (CQR), will co-invest with GIC in the portfolio of Caltex service stations. Caltex Petrol Stations List in Malaysia All Cities Filter Caltex Jalan Pahang 3.8 (10) Caltex, 190, Jalan Pahang, Pekeliling, 53000 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia Caltex Cheras Batu 2 1/2 4. Sources told IPE Real Assets an announcement on the transaction is imminent. Its star was drawn from the Texas symbol.Singapore’s GIC has stepped up its investment in Australia as it backs Charter Hall Group in the purchase of a 49% stake in 250 service stations/convenience stores, operated under the Caltex brand, for around A$1bn (€610m).
Caltex was named for the two companies that merged to create it, Standard Oil of California and the Texas Oil Company.
The rebranding is due to happen "over the next few years".Īs part of the acquisition of the network, Astron secured the right to use the Caltex name until at least 2024. That was after China's Sinopec had already all but declared itself the new owner of the Caltex brand in SA, complete with regulatory approval, which seemed set to see "Caltex" replaced with "Sinopec" at retail locations.Īstron says it has done extensive research into what customers want and need, and will bring innovation to fuel retail. Then it wants to become the biggest fuel brand in South Africa, a position currently held by Engen – with Caltex trailing well behind when it comes to customer satisfaction and loyalty.Īstron, backed by commodities trading giant Glencore, snapped up the the Caltex network in South Africa in 2018, using the pre-emptive rights held by a black empowerment partner, in a deal worth nearly $1 billion. Now, in what it believes will be one of the largest logistical enterprises in the history of South Africa's fuel industry, that brand will be dismantled, said Astron in a statement. Some 180 commercial and industrial sites, including terminals and the Cape Town refinery, will also fall under the new name.Ĭaltex, with its star emblem, has a history of more than 85 years in South Africa, and its white rabbit was one of South Africa's most recognisable corporate mascots. The name "Caltex" will soon start to disappear from petrol stations – some 850 scattered across South Africa and Botswana – in favour of the name Astron, their owner announced in a statement.
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