17th Jun 2026 10:55
Roadside Real Estate PLC - Abingdon, England-based investor in roadside property such as petrol stations and convenience stores - Completes the acquisition of a group of 12 petrol stations and separately agrees the purchase of one more. Roadside Real Estate in April agreed to buy Hoch Group Ltd for GBP28.6 million. Hoch owns a portfolio of 12 petrol station forecourts and one standalone convenience store in Cumbria, north west England. Roadside Real Estate funds the acquisition with a new GBP25.0 million revolving credit facility from HSBC and a drawdown of its existing facility with Tarncourt. The HSBC facility has a starting margin of 2.6 percentage points above the sterling overnight index average and is drawn down by GBP12.5 million. Tarncourt facility is charged at 3 percentage points over the Bank of England base rate and is drawn down by GBP4 million.
Roadside Real Estate also agrees to buy a petrol station on Ross Road in Huntley, Gloucester from Jets Trading Ltd. It will pay GBP2.9 million in cash, including the freehold on the property. The petrol station generated pretax profit of GBP373,000 in the financial year that ended June 2025.
Current stock price: 59.95 pence, up 1.6% in London on Wednesday
12-month change: up 29%
By Tom Waite, Alliance News editor
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