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Henderson's plans £18m spend in 2006

03 February, 2006
Page 8 

Henderson Group forecourts are set for investment

Northern Ireland’s Henderson Group has announced plans to invest £18m in its company-owned estate in 2006 – including significant investment in its forecourt businesses.
Among the sites being developed this year is the first of the 12 Shell company-owned forecourts, which were acquired in 2003. The new Spar Shell Gransha Road service station in Bangor will re-open in early March following a knock-down and re-build eight month redevelopment programme, with further ‘Shell filling station projects’ said to be in the pipeline.A spokesperson for Henderson’s said that eight forecourts in total would be knocked down and rebuilt or undergo major redevelopment in 2006.The company – which owns the Spar, Vivo and Eurospar franchises across Northern Ireland – will be spending almost three times as much as last year on its company-owned estate in 2006.It also plans to invest £3m directly with its retail partners to help develop their independent businesses and £6.4m on marketing its brands. Henderson’s recruited 27 new stores under its Spar, Eurospar and Vivo formats last year, while 63 were updated and redeveloped.Paddy Doody, sales and marketing director, commented: “Last year showed a solid growth in the business despite tough market conditions. Our significant investment into both our company-owned estate and our retail partners’ businesses in 2006 demonstrates our commitment to growth.”