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M3 and Extra double portfolio of Motorway Service Areas
M3 Capital Partners (UK) LLP and Extra MSA Group have purchased the national portfolio of Motorway Service Area assets from Serena Properties Ltd which is in administration. The Serena portfolio consists of 9 freehold MSA property assets operated by Welcome Break, including M40 Oxford, M3 Fleet, M42 Hopwood and M62 Hartshead Moor.
Extra was jointly established in Autumn 2010 by M3 and Andrew Long, CEO of Extra. The acquisition doubles the number of MSA assets that Extra owns to 18.
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