24th Dec 2025 10:07
Roadside Real Estate PLC - Abingdon, England-based investor in roadside property such as petrol stations and convenience stores - Agrees acquisition of Gardner Retail Ltd for GBP17.8 million, including GBP4.0 million in debt assumed. Gardner owns six petrol station forecourts in south west England. Roadside Real Estate back in September agreed to sell its commercial property business to focus on retail properties. The business was sold to Tarncourt Properties Ltd, a company controlled by Roadside Chief Executive Charles Dickson. On Wednesday, Roadside says it has increased the size of its existing financing facility with Tarncourt to GBP35.0 million to help fund the purchase of Gardner. Roadside says Gardner booked pretax profit of GBP600,000 and adjusted earnings of GBP2.1 million on GBP33.9 million in revenue in the financial year that ended July 31.
"This acquisition is the first of several near-term opportunities the company is currently evaluating in line with its stated strategy of building a scalable, petrol forecourt and convenience retail business," Roadside says. "The board continues to seek acquisition targets aligned with its strategic and financial objectives, with the company well-positioned to capitalise on favourable market tailwinds and pursue growth through targeted M&A." Roadside says it will release its annual results in January, without giving a date.
Current stock price: 74.20 pence, up 3.1% in London on Wednesday
12-month change: up from 30.50p
By Tom Waite, Alliance News editor
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