Roadside Real Estate plc
ROAD.L
London Stock Exchange58.00
GBp
-0.25
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Roadside Real Estate plc
ROAD.L
(London Stock Exchange)
Recent
price
58.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Roadside Real Estate plc specializes in the acquisition, development, and management of high-quality roadside real estate assets across the United Kingdom. The company's core products and services include sourcing and developing commercial property projects on arterial roads, focusing on mixed-use trade and retail parks with offerings such as retail warehouses, logistics, storage, industrial, leisure facilities, quick food services including Drive Thrus, Foodvenience, Local Logistics, Trade Counters, and EV-charging capabilities. It operates institutional-grade portfolios targeting long-term income streams and capital appreciation through diversified roadside real estate assets. Founded in 2010 and headquartered in Abingdon, Oxfordshire, Roadside Real Estate plc has a strong development pipeline with projects typically targeting gross development values between £3 million and £20 million with significant EBITDA margins. The company has recently formed a joint venture with Meadow Partners LLP, branded as Roadside Retail Limited, focusing on UK roadside retail asset acquisition and development. Significant recent changes include the acquisition of 12 Lidl stores in a £70 million deal finalized in late 2024, marking the largest and fourth acquisition under the joint venture, with the stores leased back under 25-year agreements, providing fixed rent commencement and annual indexation. This strategic partnership expands Roadside's footprint, enhancing asset management and development opportunities in roadside real estate. Roadside has adapted its strategy post-COVID-19, concentrating on retaining completed developments in key locations like Wellingborough and Maldon, aligning with a portfolio growth toward a target value of over £250 million through acquisitions, asset management, and development. The company leverages its expertise to provide modern, prominent roadside assets with sustainable returns for investors and valuable amenities to local communities. Its operations span the UK, emphasizing ESG-compliant Drive Thru and Drive2 units within its real estate developments. Overall, Roadside Real Estate plc positions itself as a specialist investor and developer in the roadside real estate sector, maintaining a focus on modern, mixed-use roadside assets with significant growth potential enabled by strategic joint ventures and institutional partnerships. It continues to scale its portfolio while delivering value through active asset management and development expertise.