We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Roadside Real Estate Plc | LSE:ROAD | London | Ordinary Share | GB00BL6TZZ70 | ORD �0.00860675675675676 |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 11.00 | 10.00 | 11.00 | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Hotels And Motels | 10.3M | -9.32M | -0.0651 | -0.55 | 5.16M |
Roadside Real Estate plc
("Roadside" or the "Company")
Second joint venture acquisition
Roadside, (AIM: ROAD) is pleased to announce that its joint venture with Meadow Partners LLP, ("Meadow") to acquire and develop a portfolio of UK-based Roadside Real Estate assets, (the "JV") has completed its second acquisition, (the "Acquisition").
The JV has acquired an asset in Gosport for a total cost of £[2.83] million. The Acquisition will be funded in line with the principal terms of the JV's equity commitments, whereby Meadow will own and fund 97% of the JV while Roadside will own and fund 3%.
The site features:
· A 12,540 sq ft. unit let to Farmfoods Limited at a rent of £156,750 per annum. The lease has approximately 14.5 years remaining with open market reviews and no breaks; and
· A 0.42 acre plot adjacent to the Farmfoods unit with potential to develop a new Drive Thru unit with EV charging bays.
Charles Dickson, Executive Chairman, said:
"We're willing to consider a variety of sites when evaluating acquisitions and Gosport is a good example of a site where we can develop assets to deliver greater returns for investors. We are pleased to have completed this acquisition not least because it offers scope for much-needed EV charging infrastructure."
The JV has a prospective roadside real estate investment pipeline in excess of £150 million, which we are confident will attract high-quality nationwide tenants, underpinning reliable, long term income streams. The JV is in ongoing negotiation on a number of further site acquisitions as it works to deploy the JV's equity commitment in assets that deliver sustainable returns for investors and valuable amenities to local communities.
- Ends -
Enquiries:
Roadside Real Estate plc Charles Dickson, Executive Chairman
|
c/o Montfort
|
Cavendish Capital Markets Limited (Nomad and Joint Corporate Broker) Carl Holmes / Simon Hicks / Fergus Sullivan (Corporate Finance) Tim Redfern (ECM)
|
+44 (0)20 7220 0500 |
Stifel Nicolaus Europe Limited (Financial Adviser and Joint Corporate Broker) Mark Young Jonathan Wilkes-Green Catriona Neville
|
+44 (0)20 7710 7600 |
Montfort Olly Scott Georgia Colkin
|
+44 (0)78 1234 5205 +44 (0)75 4284 6844 |
About Roadside
Roadside is a real estate business focused on building and scaling a high-quality portfolio of modern roadside retail assets, including modern EV charging infrastructure.
1 Year Roadside Real Estate Chart |
1 Month Roadside Real Estate Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions