Urbelia Oil Group

Urbelia Oil is a low-cost fuel station chain in mainland Spain. This joint venture, Urbelia Business S.L. was incorporated in December 2017. The shareholders of Urbelia Business S.L. are TIMAN Investments Holdings Limited (50%) and Urban Oil Wash S.L (50%), owned by Sergio Quesada Von Allmen, our Spanish joint venture partner of the Group.

The Group today successfully operates 4 operating fuel stations that include car wash stations, and that are open 24 hours a day and 7 days a week. The first station was Urbelia Bailén, which opened in 2018; Urbelia Ciudad Real opened in 2019; Urbelia Jumilla opened in 2023; and Urbelia Torredelcampo opened in 2024.

Urbelia Oil reached an agreement at a national level with the number 1 electricity company in Spain, IBERDROLA, with a commitment to install 2 recharge points in each new project in line with the continuous progress in electric mobility and positioning Urbelia at the forefront of the green transport evolution underway while maintaining its core focus on providing low-cost, high-quality fueling services.

The Group has also secured and signed two new leases for two fuel stations in 2025. Given the positive operational results, the Group intends to grow the portfolio to 20 fuel stations by 2027.

This joint venture exemplifies Von der Heyden Group’s approach to partnering with industry specialists to develop successful business operations in diverse sectors